Introduction Part I contains information about this document, which provides the written record of the Massachusetts Institute of Technology Business Continuity Plan.
Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan.
The primer below is meant only to explain the broad differences between the most common company types.
So for example, if you sell someone a cupcake and they sue you because they found a hair in it, and you lose in court, the creditors can legally go after your personal possessions — such as the roof over your head.
Partnerships A partnership, according to the IRS: Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the company. Corporations A corporation is a separate legal entity owned by shareholders.
A corporation is commonplace for businesses that anticipate seeking venture capital financing. S-Corporations You can elect a special tax status with the IRS to have your corporation not be taxed at the corporate level instead, it would be taxed as a pass-through entity.
If you have not yet incorporated Describe the type of company you plan to open, along with the registered name you plan to use.
Explain your rationale — for example, if you are starting a company where you plan on seeking venture capital financing, then you will want to start a C-Corporation as majority of VCs will insist on this legal structure.
Management Team For start-ups, and especially those seeking financing, the Management Team section is especially critical. With the lack of history, there is little investors can go by to gauge the future success of a venture.
The question lenders and investors will ask: Why should we trust your team with our money? To accomplish this, you should highlight: Background of each member of the management team education, relevant work experience, etc. Roles and responsibilities within the company.
For established businesses If you have an established business the information you want to present is the same. Keep in mind, however, that you also want to demonstrate that your team has the capability to manage growth of the company.
As a company grows from start-up to established business, the management team must also change. What is a Board of Directors? In a publically trading company the Board of Directors is elected by the shareholders and is the highest authority in the management of the company.Although the potential for finding a niche with large A/E/C organizations is the greatest, HLC will also target public agencies.
There are hundreds of public agencies in the target region, including cities, counties, transportation boards and state agencies. Personnel Management Defined. Peter works for a company in personnel management.
Personnel management is an administrative function of an organization that exists to provide the personnel . We Write Your Custom Business Plan Butler Consultants writes three main levels of business plans: Level 2, Level 3, and Specialty Plans.
Our Level 2 Plan is designed for Small Business Association (SBA), Bank, or Grant timberdesignmag.com Level 3 Plan is designed to attract Angel Investors, Private Investors, or Venture Capitalists.
Our Specialty Plans meet additional needs that may not be covered in. Create an investment-worthy business plan with our template builder.
We Write Your Custom Business Plan Butler Consultants writes three main levels of business plans: Level 2, Level 3, and Specialty Plans. Our Level 2 Plan is designed for Small Business Association (SBA), Bank, or Grant timberdesignmag.com Level 3 Plan is designed to attract Angel Investors, Private Investors, or Venture Capitalists. Our Specialty . How to Create a Business Continuity Plan. BCPs provide procedures for how employers and employees will stay in touch and keep doing their jobs in the event of a disaster or emergency, such as a fire at the office. Unfortunately, many. This article is part of our “Business Planning Guide“—a curated list of our articles that will help you with the planning process! What is a business plan? In its simplest form, a business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve.
Download into Word or PDF for free. We ask the questions, you fill in the answers. Written account of intended future course of action (scheme) aimed at achieving specific goal(s) or objective(s) within a specific timeframe.
It explains in detail what needs to be done, when, how, and by whom, and often includes best case, expected case, and worst case scenarios. How to Create a Business Continuity Plan. BCPs provide procedures for how employers and employees will stay in touch and keep doing their jobs in the event of a disaster or emergency, such as a fire at the office.