Case Study: Kaweah Family Rafting Home
Location, Location, Location
University of Phoenix-Team D
ACC/543
November 24, 2014
Richard Collins
Location, Location, Location
River-rafting is an exciting water excursion, and the location is vital to the success of Kaweah’s Family small river-rafting company. To ensure the establishment and longevity of the river-rafting company is triumphant the accounting firm will complete a thorough analysis of the best river-rafting locations. California, Colorado, and Idaho will be examined as recommended locations. The legal aspects of acquiring, holding, and disposing of real and personal property will be inspected. In addition to, the insurance risks, the impact of identified environmental issues, and whether building or purchasing …show more content…
Buildings constructed on land are the most common commercial real property real estate. The purchase of the real property will give Kaweah surface rights to develop the property as it desires. The Kaweah Family Rafting will acquire real property by purchasing a building, operator as a sole-owner, and register the business as a Limited Liability Company to minimize personal liability, minimal start-up cost, and yet still take advantage of the maximum tax benefits. Holding the title will allow Kaweah to hold the title of the property as a freehold estate under the estates in fee-fee simple, and the owner is free to use the property as he or she sees …show more content…
The river rafting tours will require and other events will require tour and safety guides, and the assistance of lifeguards, which heightens the possibility of employee injuries. The increase of employee risks could require workers’ compensation insurance. Each state has different mandates regarding workers’ compensation. Idaho requires worker’s compensation on all employees regardless of the business size. The employer is required to carry $100 per payroll per employee regardless if the employee is full time or part time. California requires workers’ compensation insurance on all business with more than five employees. It is up to the employer if they have the financial capability of being self-insured or using a third party insurance company. Colorado requires that all public and private employers in Colorado, with limited exceptions, must provide workers ' compensation coverage for their employees if one or more full or part-time persons are employed. Employers can choose from 200 private insurance
University of Phoenix-Team D
ACC/543
November 24, 2014
Richard Collins
Location, Location, Location
River-rafting is an exciting water excursion, and the location is vital to the success of Kaweah’s Family small river-rafting company. To ensure the establishment and longevity of the river-rafting company is triumphant the accounting firm will complete a thorough analysis of the best river-rafting locations. California, Colorado, and Idaho will be examined as recommended locations. The legal aspects of acquiring, holding, and disposing of real and personal property will be inspected. In addition to, the insurance risks, the impact of identified environmental issues, and whether building or purchasing …show more content…
Buildings constructed on land are the most common commercial real property real estate. The purchase of the real property will give Kaweah surface rights to develop the property as it desires. The Kaweah Family Rafting will acquire real property by purchasing a building, operator as a sole-owner, and register the business as a Limited Liability Company to minimize personal liability, minimal start-up cost, and yet still take advantage of the maximum tax benefits. Holding the title will allow Kaweah to hold the title of the property as a freehold estate under the estates in fee-fee simple, and the owner is free to use the property as he or she sees …show more content…
The river rafting tours will require and other events will require tour and safety guides, and the assistance of lifeguards, which heightens the possibility of employee injuries. The increase of employee risks could require workers’ compensation insurance. Each state has different mandates regarding workers’ compensation. Idaho requires worker’s compensation on all employees regardless of the business size. The employer is required to carry $100 per payroll per employee regardless if the employee is full time or part time. California requires workers’ compensation insurance on all business with more than five employees. It is up to the employer if they have the financial capability of being self-insured or using a third party insurance company. Colorado requires that all public and private employers in Colorado, with limited exceptions, must provide workers ' compensation coverage for their employees if one or more full or part-time persons are employed. Employers can choose from 200 private insurance