100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BUS 607 Week 6 Final Paper $15.48
Add to cart
Quickly navigate to
Preview
  2.  
  3. Ashford University
  4.  
  5. BUS 607 (BUS607)

Essay

BUS 607 Week 6 Final Paper
 171 views  3 purchases

BUS 607 Week 6 Final Paper You are a new associate at a CPA firm. Your boss has explained that a new client has come to the firm with a small but growing company that makes a granite cleaning product which is sold in several major retail stores. The client has been operating as a sole proprieto...

[Show more]

Preview 2 out of 9  pages

Document information

  • January 21, 2020
  • 9
  • 2019/2020
  • Essay
  • Unknown
  • Unknown

Subjects

  • bus 607 week 6 final paper you are a new associate at a cpa firm your boss has explained that a new client has come to the firm with a small but growing company that makes a granite cleaning prod

Written for

All documents for this subject (4)

Seller

avatar-seller
33kris

Reviews received

Content preview

Final Paper
NAME
BUS607: Business Law and the Accountant
Professor DATE RUNNING HEAD: FINAL PAPER 2
First, I would look in to the client’s account with great detail . I would look to see what type of growth they have incurred over the past six months, the past year, and possibly even the past two years depending on the length of time that the client has been in business . I would also see if the client has any information from possibly a previous accountant to try and gather as much information as possible . If the growth of their company matches what the client is saying about the expansion of his products, it would absolutely be a promising idea to switch from a sole proprietorship to a Limited Liability Company .
I would recommend the Limited Liability Company because they have recently encountered a problem with their distributor . The distributor has rejected product that was shipped to them from the manufacturer and they are claiming that customers have complained
saying, “that the spray bottles did not work correctly .” The distributor then went on to state that the spray bottles, “sprayed the product in a dangerous way that caused injury to several customers.” If for some reason the distributor or the customers decide to come back and file a lawsuit, I would not want my client in a position where they could lose personal assets . By becoming a Limited Liability Company, my client would become a member and would be able to collect any profits from the company without paying corporate taxes in many states . If my client were to choose to bring in another owner at any point, it would also allow them more freedom of how they would distribute profits amongst the owners .

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller 33kris. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.48. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50064 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.48  3x  sold
  • (0)
Add to cart
Added