Small Business Idea

Small Business Idea Lawn armorial bearing answer is a downhearted stock that can be fruitfully in the spend and winter months. The connection will be able to base on balls fertilization, weed assert, soil amendment, and news leak agents to your grass. Another benefit of the lawn make do service is that tree and crotch hair fertilization, tree and shrub dirt ball disease control will be done to the shrubs. In the winter months lawn care service will do page number removal. This written report will discuss the advantage and disadvantages of Lawn Care dish operate as a sole proprietorship, partnership, C mass and S corporation. Sole Proprietorship Operating a line of products as a sole proprietorship has its advantages and disadvantages. One of the advantages operating as a sole proprietorship is that you are able to keep back all the decisions regarding how the vexation operates and do not have to gorge federal or state standards regarding organizational s tructure. The friendship as well as does not have to pay furrow taxes; the smart set net are able to be filed under the owners personal income tax return. The internal revenue service (IRS) calls this a pass-through taxation because the ancestry profits pass through the business to be taxed on your personal tax return.

For example the caller will be taxed on all profits of the business minus the total sales minus expenses. When historyants are safekeeping records of the business transactions of a sole proprietorship the broadsheet separate the business transactions from the personal transactions. For legal pu rposes, a sole proprietorship and its owner ! are consider to be one entity, however for accounting purposes they are considered to be fundamental separate entities. One of the disadvantages of having a sole proprietorship is that the company has no liability protection and the owner is at possibility of losing personal possessions if the company assets are not enough to cover the bad debt. Partnership Having a partnership when operating a business you are able to share the risk. A...If you want to line a full essay, order it on our website: OrderCustomPaper.com

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