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1100-1600 words;As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan proposal to organize all of your ideas. For this assignment, you will be submitting a business plan proposal outline for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan outline should include the following;Introduction of the proposed business (200-300 words);Description and explanation of the type of business entity that is best for your business (400-600 words);Partnership, corporation, etc. (for purposes of this assignment, you should NOT choose a sole proprietorship for your business entity.);Provide explanation for your choice of business entity (advantages/disadvantages of the selected type of business entity);Description of the specific steps needed to be followed to successfully and legally start the business (500-700 words);Steps will vary, depending on the type of business you choose;Good sources of research for this area include the following;Textbooks;State statutes (for example, Chapters 47 and 48 of the South Dakota Codified Laws include information on the business formation process);The Small Business Administration Web site will be helpful, it includes information on how to start a small business


Paper#74542 | Written in 18-Jul-2015

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