Accounting Legality

This paper volition focus on a c in alling situation while focusing on a individual communication transmit entity and discussing the authentic communication channel environment and emphasizing on task strategies and recommendations. The menstruation and future(a) business strategy will deal factors such as liability, financial, legal, and the span of control of all members gnarly 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 avail and will address the above factors. Joe is operating a exquisite 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 recompense and tax deductions. The labour laws are different in every state, so Joe moldiness know the current law in the state he re sides. 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 brook to pay unemployment tax for his employees when they are not working. Currently, Joes married fair sex is taking care of the books. She has not been involved in each of the daily business operations.

Without proper accounting experience and familiarity of the current tax laws, she might not know how Joe tin smoke benefit from certain business incentives. Aside from the lawn care fragment of Joes business; he also manages a small equipment letting ser vice. This side of the business carries extr! emely high liability. Joe needs to grow proper rental agreement and contracts reviewed regularly. A sole proprietorship 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 rag a full essay, order it on our website: OrderCustomPaper.com

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