Landscape Management
Abstract Joe operates a successful commercial landscaping and tree trimming business, and client 's keeps his operation extremely busy. Although Joe employees at least 50 workers, with landscaping being seasonal, he experiences a high turnover. In addition to landscaping and tree trimming, equipment rental is also available to the clients, which adds an additional division to the business. With $250,000 of capital, and past year 's revenues of $500,000, Joe is looking for guidance to take his business to the next level. Research was conducted using the University of Phoenix online library, the course textbook, and online periodicals and materials. Using the information above, a proper entity selection, vision for the business, identification of legal and regulatory issues, and selection of business professionals will be identified to help the landscaping business take the necessary steps for furthered success. For simplicity, the business will be called LandScaping Unlimited (LSU).
Landscape Management Joseph Smith is owner and operator of LandScaping Unlimited (LSU), a successful lawn care and tree trimming business. In addition, LSU offers equipment rental to its clients. However, since the nature of the landscaping business is seasonal, the company is interested in expanding into snow removal, and interiorscaping, making it a year-round operation. The goal is to offset the fixed costs the landscaping business incurs in the winter months, thereby increasing the overall profitability of the company.
Entity Selection Every single fact concerning the business is relevant to the choice of entity decision. Not all of them are of equal importance, but they all matter to some degree. The considerations that should be in the forefront are not the sale of ownership interests to the public, or venture capital financing--these things come later (hopefully!). Instead, the initial focus should be on:
the tax and tort liability issues,
cost
Landscape Management Joseph Smith is owner and operator of LandScaping Unlimited (LSU), a successful lawn care and tree trimming business. In addition, LSU offers equipment rental to its clients. However, since the nature of the landscaping business is seasonal, the company is interested in expanding into snow removal, and interiorscaping, making it a year-round operation. The goal is to offset the fixed costs the landscaping business incurs in the winter months, thereby increasing the overall profitability of the company.
Entity Selection Every single fact concerning the business is relevant to the choice of entity decision. Not all of them are of equal importance, but they all matter to some degree. The considerations that should be in the forefront are not the sale of ownership interests to the public, or venture capital financing--these things come later (hopefully!). Instead, the initial focus should be on:
the tax and tort liability issues,
cost
References: Associated Press. (2004). No end in sight for high oil and gasoline prices. Retrieved August 24, 2004 from http://www.business.bostonherald.com/businessnews/view.bg?articleid=19087. Entrepreneur 's Help Page. (2004). Legal: Choice of entity. Retrieved August 25, 2004 from http://www.tannedfeet.com/choice_of_entity.htm. Landscape Management Staff. (2004). LM 100: 10 top issues affecting your business. Landscape Management. Retrieved August 24, 2004 from http://www.landscapemanagement.net/landscape/article/articleDetails.jsp?id=105228. Lodgix, Inc. (2004). Venture capital funding resources. Retrieved August 25, 2004 from http://www.lodgix.com/choice_of_entity.htm. Siskind, G. (2004) Understanding the H-2B cap. Immigration Daily. Retrieved August 24, 2004 from http://www.ilw.com/lawyers/articles/2004,0318-siskind.shtm