acct460-1204a-01-professional-accounting

Question: acct460-1204a-01-professional-accounting

We provide the best question solutions with more than 10 million solved questions in our database.

Our experts will be happy to answer quizzes that have not yet been answered on demand.

Just fill out the form, press the button, and have no worries!

By clicking “CONTINUE”, you agree to our terms of service and privacy policy. We’ll occasionally send you promo and account related emails.

ACCT460-1204A-01 Professional Accounting
Assignment Name:	Unit 4 Discussion Board
Deliverable Length:	250 words
Details:	Your client through YOUCPA—a 50-year-old owner of a firm—has 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). Describe the advantages of each of the following: A sole proprietorship A limited liability corporation Do you recommend that this client choose an LLC or not? Explain your rationale.
	Grading Criteria
	25%	Describe the advantages of a sole proprietorship.
	25%	Describe the advantages of a limited liability corporation.
	25%	Do you recommend this client for an LLC or not?
	25%	Explain your rationale.