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Case Study Ahmad and his friend, A.G. Pennypacker, have come up with a great idea they have developed a fluoroelastomer liner (a rubber lining) for oil tankers. With this innovation, they believe they can eliminate most oil spills that result from tanker accidents. The liner is highly resistant to fluctuations in temperature as well as physical punctures Ahmad wants to set up a company, but is unsure of his options and has come to you for advice for the type of business entity formation he should select. He has the following concerns: 1. He does not want his other business concerns being held liable should there be a lawsuit arising from use/sale of this product. 2. He wants an entity form that will minimize his tax liability. Based on the entity forms detailed in Chapter 35, select one you feel satisfies his concerns. Make sure to explain why it is the best for Ahmad and Pennypacker.

Respuesta :

The option that is going to be the best choice for Ahmad and his friend is the  Limited liability Partnership.

Why the Limited Liability would be the best choice

This is because if the partnership is formed, no partner is going to be liable for the conduct or the negligence of the other person.

Each of the members is not going to be held liable in a way that is more than the share that they have.

The LLP is also going to reduce the tax liability that he has. Therefore this option is the best for him.

Read more on Limited Liability partnership here: https://brainly.com/question/25012970