Task: Entity Business Plan
Part A. Select one of the business ventures below or select your own with the instructor's permission:
1) Specialty high-end flooring contractor: will install all floor types (imported tile, granite, marble, hard wood, and carpeting) as part of new construction or remodeling.
2) Pilates Studio Franchise: individuals can take classes or work out on their own.
3) Sports Bar Franchise: individuals can watch multiple sporting events on large screen TV's.
4) Global Computer Consultant: assist corporations and individuals in setting up computer networks.
Part B. For the business venture selected, you need to develop initial business planning ideas that include the following:
1) Define the goal of the business.
a) What goods or services are provided?
b) Who are the target customers?
c) How or where are those services provided?
2) Differentiate between the strengths and weaknesses of the various business organizations and determine which is best suited for your business venture.
3) Describe how different business organizations operate in the global legal environment and identify the domestic and global legal issues that impact the various business structures and how those issues can be effectively managed.
4) For the business organization selected, include the form(s) necessary to create the entity in your state. (These are generally available through your Secretary of State's Website.)
5) Finished business plan should be 1,050-1,750-word with exhibits as necessary. (Incorporation forms should be one of the exhibits.)