evaluates a successful landscaping and tree trimming business and the client keeps his business extremely busy. Although Joe has at least 50 employees, since landscaping is seasonal, it experiences high turnover. In addition to landscaping and tree pruning, equipment rental is also available to customers, which adds a further division to the business. With capital of $250,000 and revenue of $500,000 in the previous year, Joe is looking for guidance to take his business to the next level. The research was conducted using the University of Phoenix online library, the course textbook, and online periodicals and materials. Using the above information, appropriate entity selection, a vision for the company, identification of legal and regulatory issues, and selection of business professionals will be identified to help the landscaping company take the necessary steps for a further success. For simplicity, the business will be called LandScaping Unlimited (LSU). Landscaping ManagementJoseph Smith is the owner and operator of LandScaping Unlimited (LSU), a successful lawn care and tree trimming company. Additionally, LSU offers equipment rental to its customers. However, because the nature of the landscaping business is seasonal, the company is interested in expanding into snow removal and interior landscaping, making it a year-round operation. The objective is to offset the fixed costs incurred by landscaping activities in the winter months, thus increasing the company's overall profitability. Entity Selection Every single fact about the business is relevant to the choice of entity decision. Not all of them matter equally, but they all matter to some extent. The considerations that should be at the forefront are not the sale of company shares to the public, or venture capital financing: these things will come later (hopefully!). Instead, the initial focus should be on: • tax and tort liability issues, • costs of maintaining the entity, • intellectual property protection (very important and often overlooked), • size and complexity of the entity, • regulatory requirements that the local, state, or federal government has placed on the proposed business activity, • and other equally mundane issues (Entrepreneur's, 2004). Being the owner of LSU, Joe likely operates as sole owner. The company is recommended to change the entity selection to Limited Liability Company (LLC). The main advantages of an LLC are the protection that LLC owners receive from business creditors and the fact that owners can still participate in the management of the business.

Topic > evaluates a successful landscaping and tree trimming business and the client keeps his business extremely busy. Although Joe has at least 50 employees, since landscaping is seasonal, it experiences high turnover. In addition to landscaping and tree pruning, equipment rental is also available to customers, which adds a further division to the business. With capital of $250,000 and revenue of $500,000 in the previous year, Joe is looking for guidance to take his business to the next level. The research was conducted using the University of Phoenix online library, the course textbook, and online periodicals and materials. Using the above information, appropriate entity selection, a vision for the company, identification of legal and regulatory issues, and selection of business professionals will be identified to help the landscaping company take the necessary steps for a further success. For simplicity, the business will be called LandScaping Unlimited (LSU). Landscaping ManagementJoseph Smith is the owner and operator of LandScaping Unlimited (LSU), a successful lawn care and tree trimming company. Additionally, LSU offers equipment rental to its customers. However, because the nature of the landscaping business is seasonal, the company is interested in expanding into snow removal and interior landscaping, making it a year-round operation. The objective is to offset the fixed costs incurred by landscaping activities in the winter months, thus increasing the company's overall profitability. Entity Selection Every single fact about the business is relevant to the choice of entity decision. Not all of them matter equally, but they all matter to some extent. The considerations that should be at the forefront are not the sale of company shares to the public, or venture capital financing: these things will come later (hopefully!). Instead, the initial focus should be on: • tax and tort liability issues, • costs of maintaining the entity, • intellectual property protection (very important and often overlooked), • size and complexity of the entity, • regulatory requirements that the local, state, or federal government has placed on the proposed business activity, • and other equally mundane issues (Entrepreneur's, 2004). Being the owner of LSU, Joe likely operates as sole owner. The company is recommended to change the entity selection to Limited Liability Company (LLC). The main advantages of an LLC are the protection that LLC owners receive from business creditors and the fact that owners can still participate in the management of the business.