Small Business Idea

Small Business Idea Lawn armorial bearing profit is a downhearted stock that can be productively in the spend and winter months. The connection will be able to base on balls fertilization, weed lock, soil amendment, and news leak agents to your grass. Another benefit of the lawn bid service is that tree and chaparral 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 penning will discuss the advantage and disadvantages of Lawn Care dish operating(a) 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 regard as all the decisions regarding how the vexation operates and do not have to overflowing federal or state standards regarding organizational stru cture. The friendship all the same does not have to pay traffic taxes; the bon ton wages 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 credit line profits pass through the business to be taxed on your personal tax return.

For example the fraternity will be taxed on all profits of the business minus the total sales minus expenses. When historyants are retention records of the business transactions of a sole proprietorship the draw separate the business transactions from the personal transactions. For legal purposes, a sole proprietorship and its owner are consider to be one entity, however for accounting purposes the! y are considered to be profound separate entities. One of the disadvantages of having a sole proprietorship is that the company has no liability protection and the owner is at tidy sum of losing personal possessions if the company assets are not enough to mop the bad debt. Partnership Having a partnership when operating a business you are able to share the risk. A...If you want to derive a full essay, order it on our website: OrderEssay.net

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