Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

II. You have decided to open your own business. For many years you have had an interest in landscape design and have had summer jobs

image text in transcribed
II. You have decided to open your own business. For many years you have had an interest in landscape design and have had summer jobs in the past where you helped design gardens and general residential landscaping You have leased office space and purchased the necessary equipment for your business. You realize, however, that you will not be able to do all of the landscaping and gardening work yourself. You will need to hire workers to do the physical labor. To create a workforce of landscapers, you are considering hiring your workers as independent contractors rather than employees. Please answer the following questions: a. Would you operate your business as a sole proprietorship, a partnership, or a corporation? Please explain which business form you would choose and why. b. Are there any legal and/or ethical ramifications of hiring your workers as independent contractors rather than as employees? Would hiring your workers in this fashion create a risk for your business? Please fully explain. II. You have decided to open your own business. For many years you have had an interest in landscape design and have had summer jobs in the past where you helped design gardens and general residential landscaping You have leased office space and purchased the necessary equipment for your business. You realize, however, that you will not be able to do all of the landscaping and gardening work yourself. You will need to hire workers to do the physical labor. To create a workforce of landscapers, you are considering hiring your workers as independent contractors rather than employees. Please answer the following questions: a. Would you operate your business as a sole proprietorship, a partnership, or a corporation? Please explain which business form you would choose and why. b. Are there any legal and/or ethical ramifications of hiring your workers as independent contractors rather than as employees? Would hiring your workers in this fashion create a risk for your business? Please fully explain

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Dark Side Of Valuation

Authors: Aswath Damodaran

2nd Edition

0137126891, 9780137126897

More Books

Students also viewed these Finance questions