Your busy small business has grown exponentially in the last three years. After pivoting when COVID hit, you provided goods and services that were in high demand. You have reopened your brick-and-mortar operation in addition to your online presence. Your online staff positions remain completely full but your store positions have several vacancies. You have recently been contacted by your attorney to discuss several issues she discovered when completing your annual audit for filing your taxes.
Create a writing assignment, analyzing each issue, discussing the relevant laws, and possible outcomes
Your accountant quit and you didn’t hire another person or agency, you are 5 months behind in reviewing your business accounts. There are 4 forged checks in your accounts. What is your responsibility? Does your responsibility change if it was an employee?
Your store manager (while trying to fill vacant positions) hired 2 people (Dori and Tommy) without doing background or reference checks. Dori has been working in the office processing store refunds and paying invoices. Tommy got into an argument with Lois, another employee, and pushed them. Tommy’s background and reference check came back and it showed that he did the same thing in his last two jobs. Lois’ attorney has contacted your attorney about filing a lawsuit. What is your responsibility?
Is there any additional information you would want to know before meeting with your attorney?
Assume your business formation is the one you had previously selected in a prior week for your business – given these issues, would you have changed the type of business formation?
Please put the final draft into Turnitin and upload the results from Turnitin 🙂
