BUSI301 Lincoln University Business Plan Proposal

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pc2019

Law

BUSI301

Lincoln University

Description

Business Plan Paper

1200 word paper;Times Roman - double spaced; current APA style;at least 3 sources cited;based on biblical principles

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 submit a business plan for the legal considerations of your imaginary business. For research purposes, you can choose any state for the location of your business. You are creating your business based on biblical principles, which should be integrated throughout your plan.

This paper must be at least 1,200 words, double-spaced, in Times New Roman font or similar, and structured in current APA form. Your analysis must be supported by at least 3 scholarly sources other than the Melvin textbook. Sources must be cited in current APA format.


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Explanation & Answer

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Running head: SMARTCAB BUSINESS PLAN

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SmartCab Business Plan Proposal
Name
Institution

SMARTCAB BUSINESS PLAN

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Executive Summary
SmartCab will be a standard and registered company dealing with electric cars;
basically for rent, as well as other diverse services such as delivery and taxi services. Car
rental is a very competitive business in general in today's world with many opportunities. The
ability of SmartCab to not only deal with rental cars but also other services as well will lead
to immense profits over time benefiting a large population.
The company will be located in Fort Lauderdale, Florida in the United States of
America. Choosing to undertake our business in this city is since there is an increase in
demand for car rental services. There is also an increase in business activities in these areas
as well as an increase in the number of corporate organizations who have clients from
different regions around the globe. Our services will serve a broad range of clients based on
the large population in Fort Lauderdale.
Organizational Development
The company will be a Limited Liability Company. This is a hybrid structure which
allows shareholders, partners, and owners to have the upper hand by limiting personal
liabilities while enjoying the flexibility and tax benefits of a partnership. Under this business
entity, all members will be protected against personal liabilities in case of hefty depts in the
business, on condition that they are not proven guilty of acting unethically, illegally or in an
irresponsible manner while conducting business activities. All company and personal assets
separated in numerous cases, and hence all members' losses and profits are free of taxation at
the corporate level.
Requirements for forming a Limited Liability Company vary from state to state.
However, there are some commonalities across various states. Firstly, the business owners or

SMARTCAB BUSINESS PLAN

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members must choose a name ...


Anonymous
Excellent resource! Really helped me get the gist of things.

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