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White Water Rafting Site Recommendation Christopher Davis, Liquita James, and Susan Williams
ACC/543
August 13, 2012
Linda Miller
White Water Rafting Site Recommendation
White water rafting is a new sport that has gained popularity in recent years. Because of this popularity the white water rafting business has expanded. Our client is interested in opening a white water rafting business. The client has three states in which they are interested in Alabama, Georgia, and Virginia. The client has requested that the accounting firm research to see which location would be best for their new rafting business. Research must be done of the legal ramifications of real property, personal property, business insurance and environmental issues and regulations for each location in order to make the site recommendation.
Real Property and Personal Property Real Property is the land itself and any building, trees, soil, minerals, timbers, plants, and other things permanently affixed to the land. Land and buildings are purchased and the owner may use, enjoy, and develop the property as he or she sees fit, subject to any applicable government regulation. Buildings that are constructed on the property are also real property. Personal property is tangible property such as equipment, vehicles, furniture, and jewelry, as well as intangible property such as securities, patents, trademarks, and copyrights. Determining if a mobile home can be used for the office on the new location is important to the client. Therefore we would need to know in each location if the mobile home is considered real property or personal property.
In Toccoa Georgia real property can be purchased for around $150,000 for 2.2 acres on the Toccoa River. Placing a mobile home on this land for the office would be considered real property in Georgia as long as the mobile home is titled to the same party that owns the land. The mobile home must be tied down and blocked in to be considered for
ACC/543
August 13, 2012
Linda Miller
White Water Rafting Site Recommendation
White water rafting is a new sport that has gained popularity in recent years. Because of this popularity the white water rafting business has expanded. Our client is interested in opening a white water rafting business. The client has three states in which they are interested in Alabama, Georgia, and Virginia. The client has requested that the accounting firm research to see which location would be best for their new rafting business. Research must be done of the legal ramifications of real property, personal property, business insurance and environmental issues and regulations for each location in order to make the site recommendation.
Real Property and Personal Property Real Property is the land itself and any building, trees, soil, minerals, timbers, plants, and other things permanently affixed to the land. Land and buildings are purchased and the owner may use, enjoy, and develop the property as he or she sees fit, subject to any applicable government regulation. Buildings that are constructed on the property are also real property. Personal property is tangible property such as equipment, vehicles, furniture, and jewelry, as well as intangible property such as securities, patents, trademarks, and copyrights. Determining if a mobile home can be used for the office on the new location is important to the client. Therefore we would need to know in each location if the mobile home is considered real property or personal property.
In Toccoa Georgia real property can be purchased for around $150,000 for 2.2 acres on the Toccoa River. Placing a mobile home on this land for the office would be considered real property in Georgia as long as the mobile home is titled to the same party that owns the land. The mobile home must be tied down and blocked in to be considered for
References: Clean Water Network (2012). Retrieved from http://www.cleanwaternetwork.org/news-events/news/clean-water-network-groups-call-epa-take-away-alabamas-authority-over-water-permitt Georgia. (2012). Retrieved from http://www.statues. Laws.com Georgia business license. (2012). Retrieved from http://www. ehow.com Personal Property (2012). Retrieved from http://www.ador.state.al.us/advalorem/sections/personalproperty.htm Protect our Rivers. (2012). Retrieved from http://www.environmentgeorgia.org Whitewater Rafting (2012). Retrieved from http://www.cbiz.com/page.asp?pid=6384