Accounting Legality

This paper volition focus on a c in alling situation while focusing on a individual communication reassign entity and discussing the online communication channel environment and emphasizing on moving in strategies and recommendations. The afoot(predicate) and next business strategy will deal factors such as liability, financial, legal, and the span of control of all members bear on in the business entity while ensuring a boffo and profitable venture for all vested parties involved in the facilitation of the business. The business entity that will be discussed is Joes Landscaping operate and will address the above factors. Joe is operating a sensitive lawn care business as a sole proprietor. His current assets amount to $25,000, this includes his equipment and his truck. Joe overly has three full-time employees. Joe is responsible for their requital and tax deductions. The labour laws are different in every state, so Joe moldiness know the current law in the state he resides. Lawn care is some areas whitethorn be seasonal, Joe must as well as know how to bud vanquish for the winter months when the work is slow. He may languish to pay unemployment tax for his employees when they are not working. Currently, Joes married charwoman is taking care of the books. She has not been involved in separately of the daily business operations.

Without proper accounting experience and familiarity of the current tax laws, she might not know how Joe tin skunk benefit from certain business incentives. Aside from the lawn care subdivision of Joes business; he also manages a small equipment shoot service. This side of the business carries extremely high liabil ity. Joe needs to suck proper rental agreem! ent and contracts reviewed regularly. A sole proprietary can offer Joe some protection, but not as more as if his business were organized as a special(a) Liability Corporation (LLC). A LLC protects Joes personal assets... If you want to narrow a full essay, order it on our website: OrderEssay.net

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