Llc Business Plan Template

This guide is designed to help you better understand your readiness for starting a small business. Rather, it is a tool that will prompt you with questions and assist you in evaluating your skills, characteristics and experience – as they relate to your readiness for starting a business. Your responses will be evaluated at completion of the questions.

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Below is a list of organizations that can help as you develop your plan.

A typical business plan includes the following: A mission statement is a brief description of what you do.

It helps you and those working with you to stay focused on what’s important.

A vision statement answers the question “What do we want to become?

General Partnerships are like sole proprietorships with more than one owner.

Partners share managerial duties, profits and losses, and each is personally responsible (liable) for all business debt.

While it may be tempting to hire someone to prepare your plan, or to buy an off-the-shelf plan for your type of business, it is in your best interest to do the work yourself. It would be wise to work with mentors, consultants, or advisors through the process.

Their guidance can save you a lot of time and effort.

The owner is personally responsible (liable) for all business debts and for federal taxes.

Limited Liability Companies (LLCs) are very popular.

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