Daniel Thomas Business Structure

Improved Essays
Daniel Thomas is currently operating a sole proprietorship of garden design and maintenance business under the name Tuscan Gardens. Daniel 's business has no permanent base for its operations, since all the garden design and maintenance processes are made on the client headquarters. In this situation, according to the ABR website the business’ office or/and the home address can be considered as a business location (Australian Business Register, 2014).Therefore, it can be considered that Tuscan Gardens is based in Parkside a suburb of Adelaide in South Australia, where currently Daniel lives and has his office.
As mentioned, Daniel’s business is presently structured as a sole proprietorship. It is the simplest business structure possible and some
…show more content…
In this type of structure Daniel will gain protection for his personal assets in the event of lawsuit or debt. In addition will bring a more efficient taxation (Beesley, 2012). The currently operating model of Daniel’s business has limitations for supporting growth and longevity. An operating model describes the way that an organization decide questions such as, where will the company operate? What kind of products will it sell? Which customers and segments will it serve? Which processes will be outsourced? Which alliances will be most critical? (Delloite, 2011). As previously mentioned, Daniel 's business is based into his house, although this business location has some advantages such as freedom to choose the work hours, there are some limitations, for example if he needs expand the business and hire employees, he could lose part of his privacy, since the employees would be working into his residence. At the moment, the company provide services of design, build and maintain gardens. The company also assume the paving, tree removal, edging, installing irrigation, removing rubbish among other elements related to the gardening service in question. Of those activities Daniel

Related Documents

  • Superior Essays

    So the issue was whether the sale of various subdivisions and a portion of the taxpayer’s farming property were undertaken as a part of the conduct of the business with the result that the profits are assessable under s 25(1) of ITAA 1936 of the Income Assessment Act or whether the proceeds are assessable under the second limb of s 25A of ITAA 1936 of the Act. The Commissioner held that the taxpayer’s profit on selling the property is assessable under the Income Tax Assessment. It can be assessed under either s 25(1) as income gained from carrying on a business of selling the…

    • 1285 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    The business we chose to do a marketing plan for is called Harper’s Garden Centre and is located in Hamilton’s west end (1039 Wilsons Lane, Hamilton). The Harper’s Garden Centre began and was founded in 1948 by Bruce and Ruth Harper, after Bruce returned from World War II. During the 1970’s, David Harper, a former graduate from University of Guelph, joined Bruce and Ruth Harper and helped expand the business (need to know their relationship). The garden centre initially began as a small family owned farm and overtime as the number of farm animals and produce increased, the small farm evolved into a small seasonal garden centre. In 2008, David retired to pursue a new career in Ottawa, and new owners Craig and Nancy took over who had previous…

    • 828 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Their comprehensive commercial landscaping services include HOA landscaping, irrigation installation, hardscaping, landscaping services, mowing, tree trimming, plus more. Green Earth Landscaping, Inc. performs fertilization,…

    • 126 Words
    • 1 Pages
    Improved Essays
  • Decent Essays

    Business ventures are an exciting endeavor that reap many benefits, but require precise planning and organization in order to keep it successful. A successful business is the ultimate objective; however, hard to acquire due to the complexities involved. Aside from establishing a successful business venture, legal and accounting aspects are an integral part of its foundation. Business ventures evolve, requiring an in depth plan and explanations of accounting and tax implications that shift with its evolution. Flatirons, Inc. is an evolving business venture that necessitates an in depth plan to assist in its evolution by addressing the new shareholders’ structure, accounting and tax implications and new corporate procedures.…

    • 108 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The form is depended on the organisation’s objectives along with strategy and in this case, Redgate’s objectives and strategies (WebFinance, 2016). In this topic, Redgate’s Divisional Organisational Structure and the Flat Organisational Structure will be discussed. A Divisional Organisational Structure is created when the company groups certain positions into departments based on a product or the customers. In a Divisional Organisational Structure, there are divisions that function independently of one another and rely on the parent company in limited ways (Johnson, 2016).…

    • 2049 Words
    • 9 Pages
    Improved Essays
  • Improved Essays

    Unit 1: Sole Contractorship

    • 2286 Words
    • 10 Pages

    LIT1 Task A SOLE PROPRIETORSHIP: • LIABILITY – The owner and the business are considered as one and so the owner has unlimited liability for the business. Therefore the all of the owner’s personal assets, the business’s assets and the business’s future earnings may be at risk. • INCOME TAXES – All income for the business goes on the owner’s personal income tax returns whether federal, state or local. One advantage of the sole proprietorship is that the business is not a separate entity and therefore is only taxed once on this income, and another advantage is that all business liabilities may be written off as expenses to offset income. Asset depreciation is an example of this.…

    • 2286 Words
    • 10 Pages
    Improved Essays
  • Improved Essays

    What is the danger to the business and what parts are defenseless? This is, in actuality, a hazard appraisal, and is performed at the business level. On, the off chance that the distinguished dangers, and the potential advantages of legal status, provided a decent rate of return is achieved, at that point an association needs to consider what proof to accumulate for the risk…

    • 505 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    The Firm Chapter Analysis

    • 3254 Words
    • 14 Pages

    Jack describes a few of the office outings The Firm would participate in, such as an annual golf outing hosted by The Bear. He also describes how his wife was introduced to him by a coworker, and tells of taking her to the office Christmas party. These stories from Jack describe the aspects of an office that can’t be taught in a classroom or textbook. Jack’s stories of the office parties and outings show a student that there is more to an office than just auditing and tax work. It is important to have a relationship with your coworkers because in the accounting industry you must work as a team and have each other’s back.…

    • 3254 Words
    • 14 Pages
    Great Essays
  • Great Essays

    Online conferences is a popular form of internet communication for businesses. They are fast, easy, reasonably priced and helps avoid having to go on flights for a one hour meeting. Allowing clients, employers and employees to sit in the comfort of their homes. Now a day’s, more and more people are working from home. And working at home does not necessarly means working at home it allows individuals to travel, work from a restaurant, or even from a hot tub.…

    • 1245 Words
    • 5 Pages
    Great Essays
  • Decent Essays

    Resources Tangible resources (definition) David Jones has 38 stores in Australia until now. Besides Hobart and Darwin, the department stores of David Jones spread all Australian capital cities. The store also exists in Kotara (Newcastle), Tuggerah, Wollongong and Robina (Gold Coast). Stores are placed in city centre retail areas and enclosed shopping centres. David Jones affords a suitable environment for customers when they are shopping.…

    • 248 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Also it is very easy to get any goods or services that may be needed as there is a tremendous amount of retail within the area. Along with goods and services, scenes (Macionis & Parrillo p. 218) are created. These scenes, or places for people to hang out, allow all sorts of different people to get together and share new ideas scenes (Macionis & Parrillo p. 218). Along with the business, the real estate market is very stable and helping Cranberry to…

    • 588 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Entrepreneurs have the privilege of deciding how they want their business to operate. It is obvious that success is one of the main goals, but the pace and direction to get there can be different. Business owners have to develop a structured plan that will guide them for one milestone to the next. It is beneficial for some entrepreneurs and business leaders to think heavily about what style of structure is best suited for their vision. Those styles of structure would be a sole proprietorship, partnership, limited liability, and corporation.…

    • 1033 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    P'kolino Case Study 1. Does the business plan tell a coherent and compelling story? P'kolino is a company that was founded by Antonio Turco-Rivas and J.B. Schneider with the mission of developing quality and innovative products that are designed for children that enhance their play while at home (Bygrave, Corbett & Zacharakis, 2017). In addition, the company aims to grow and develop its product based on stages of a child’s development. Based on this, P'kolino’s business plan tells a coherent and compelling story as it gives the summary of the objectives of the company and its marketing strategy.…

    • 834 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Reading Reflection 2 Pages 10-30 In this week’s chapter The Five Insights and The Four P’s, we read about the five insights that all family businesses have or should have some variation of and the four P’s of small businesses. These 9 things that this chapter covers are lessons learned by small businesses on the art of successful succession and survival. If a business is lucky and educated enough they will recognize and adopt these lessons early into their framework and follow them throughout their company’s lifetime.…

    • 1108 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Democracy in decision making may seem like a type of group decision making. The involvement of different people offering different advices that will contribute in one way or the other in coming up with the final decision. The difference in virtues and beliefs greatly contribute towards the nature of the final decision that will come out as a result. These may include the demographics, the age, and size of the group determine quality of the decisions. As a result of the different views, the group needs to come up with a criterion that they will use in integrating all the ideas and coming up with one decision that will be final.…

    • 1323 Words
    • 6 Pages
    Great Essays