ACCOUNTING-ACCT460-1204A-01 Professional Accounting
ACCT460-1204A-01 Professional Accounting
Unit 4 Discussion Board
Your client through YOUCPAâa 50-year-old owner of a
firmâhas requested that she become a sole proprietorship in the state. The owner
does not like paperwork and reporting of information. Her goal is to keep the
business simple for her. The firm will have losses in the early years.
However, you forecast steady profits for the firm after the 3rd year. She is
contemplating passing on the firm to her son, Kate.
After looking at this situation, you are contemplating
recommending that she form a limited liability corporation (LLC).
the advantages of each of the following:
limited liability corporation
recommend that this client choose an LLC or not? Explain your rationale.
Describe the advantages of a sole proprietorship.
Describe the advantages of a limited liability
Do you recommend this client for an LLC or not?
Explain your rationale.
Develop a thorough understanding of accounting standards
Fulfill the core accounting educational requirement to
sit for the CPA exam.
Prepare to practice in public and private accounting
Advance to a higher professional level.
We pride ourselves in writing quality essays CLICK HERE TO CONTACT US