Accountant in business Essay Example | Topics and Well Written Essays - 1750 words

Accountant in business - Essay interpreterIdentifying the organization that suits the profession or business can carry this and making a hierarchical social organization that supports employee engagement and communication among the individuals (Rainey, 2009).Sole Proprietorship is the organization places all the liabilities of the business operations as rise as finance on only oneness owner. Sole Proprietorship is not applicable for Molly, chump and Mary as they are three individuals. In Sole Proprietorship, the risk is attached with only one person as he is tied to the business (Spadaccini, 2007). Corporation is another business organization that is evenly unsuitable for the three individuals because it is chartered by the state and consists of a large enterprise where the owners are the major(ip) shareholders of the company and cannot be usher outd as in the case of Partnerships (Spadaccini, 2007).In order to recommend the dear business for Molly, Mark and Mary, it is neces sary to understand the concepts of the kinds of business organizations. As all three of them have an anisometric amount of distribution of cash, they need to make comparisons through tax, liability and the impacts of organizational management in any a corporation or partnership to see which organization would be suitable to carry knocked out(p) business activities. As Sole Proprietorship and Corporation are not applicable for these three individuals, the pursuance three are recommended for them.Partnership is the organization in which two or more than two deal have the share of the ownership of the business enterprise. Unlike the Sole Proprietorship, there is a legal stipulation made among the two or three owners as they will most of the decisions taking place at bottom the organization have to be mutually shared, along with sharing profits. All partners are equally trusty to take measures in the organization regarding any discrepancy and can take effective steps to dissolve the partnerships whenever they wish to do so. At the time of