A-Cut-Above Lawn Maintenance And Landscaping

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A-Cut-Above Lawn Maintenance And Landscaping

A-Cut-Above Lawn Maintenance and Landscaping is a sole proprietorship form of business that is under the ownership of John White. The business has no stock since it is not incorporated. The A-Cut-Above Lawn Maintenance and Landscaping became registered fort business operations in September 2013 and is based in Houston, Texas. The sole proprietorship business has to plan for risks that can affect the business (Malecki, 1992). For instance, because of the nature of the business, employees may experience some injuries which the business has to compensate for. Besides, the business requires having liability coverage in order to cover errors and omissions that may occur or even cases of employee misconduct. Therefore, John White will require to have an adequate insurance coverage. The insurance coverage should be affordable to John White. An unaffordable insurance coverage will have the effect of increasing operating costs, which is likely to lead to the closure of the business.

Besides, in planning for risks in the business, John White will require to factor in the amount of tax payable and its implications for the.............


Type: Essay || Words: 370 Rating || Excellent

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