Accounting Legality

This paper volition focus on a c in alling situation while focusing on a individual communication duty entity and discussing the online communication channel environment and emphasizing on business strategies and recommendations. The menstruum and incoming business strategy will deal factors such as liability, financial, legal, and the span of control of all members pertain 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 advantage and will address the above factors. Joe is operating a lower-ranking 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 compensation and tax deductions. The labour laws are different in any 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 distress 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 passel benefit from certain business incentives. Aside from the lawn care segment of Joes business; he also manages a small equipment lock service. This side of the business carries e! xtremely high liability. Joe needs to suck in 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 stick out a full essay, order it on our website: OrderCustomPaper.com

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