Ask Question
9 February, 22:59

Rick Douglas is a bright and passionate lighting designer. Following his passion for innovative lighting solutions, he founded a company called Dazzle in 2000. Dazzle is a successful, small company with annual revenue of $25 million. It offers residential, commercial, and theatrical lighting solutions. Apart from Rick, there are several other owners in the company who have made tremendous contributions to its growth. The profits are shared in a fair manner among all owners. Because Dazzle is not a separate tax entity, all the owners declare revenue earned through the company on their personal federal tax returns. The success of the company turned Douglas and the other owners into millionaires. Rick has a villa in the prestigious Kimberly Hills area. The $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts.

+4
Answers (1)
  1. 9 February, 23:48
    0
    I think it's the $5 million dollar villa is protected from business liabilities unless the liability is incurred through wrongful acts because there is no liability for members unless incurred through wrongful acts. <3
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Rick Douglas is a bright and passionate lighting designer. Following his passion for innovative lighting solutions, he founded a company ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers