Accounting Legality

This paper volition focus on a c in alling situation while focusing on a individual communication line of condescension entity and discussing the up-to-date communication channel environment and emphasizing on business strategies and recommendations. The current and future business strategy will deal factors such as liability, financial, legal, and the span of control of all members gnarled 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 inspection and repair and will address the above factors. Joe is operating a shrimpy 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 net profit and tax deductions. The labour laws are different in every state, so Joe moldiness know the curre nt law in the state he resides. Lawn care is some areas whitethorn be seasonal, Joe must as well as know how to develop vanquish for the winter months when the work is slow. He may digest to pay unemployment tax for his employees when they are not working. Currently, Joes married cleaning woman is taking care of the books. She has not been involved in for each one of the daily business operations. Without proper accounting experience and familiarity of the current tax laws, she might not know how Joe tin pickle benefit from certain business incentives. Aside from the lawn care ingredient of Joes business; he also manages a small equipment undertake service. This side of the business carries extremely high liability. Joe needs to wee-wee proper rental agreement 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 rifle a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper