Please answer the following questions with references for each question
1. what is joint and several liability, and why might this be a drawback to a traditional partnership?
2.will the courts ever impose personal liability on owners/investors of a business even when the form of business (LLC or corporation, for example) permits limited liability? If so, under what circumstances?
3.How do corporate formation, funding, and government oversight work together to drive the economy?
4.Governance is different from management, or is it? How do these concepts relate and should all governance be practiced from the same script?
5. What are the risks of not licensing the software you use at work and for personal use?
6. Business formation should be considered with risk tolerance in mind. consider when and which of the business forms are best for various start-ups.