As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan to organize all of your ideas. For this assignment, you will be submitting a business plan for your imaginary business. For research purposes, you can choose any state for the location of your business. Your business plan should include the following: Create an outline of the required material … Introduction of the proposed business/executive summary Identify and describe the type of business entity that is best for your business. Describe the specific legal steps needed to be followed to successfully start the business. Recommend and describe an appropriate written agreement for the particular type of entity chosen. A draft of a valid contract with a vendor, supplier, or customer, for example, that illustrates all elements of a contractExplain potential ethical considerations for your business, including any social responsibility plans or attitudes that your business will embrace. Describe a possible disagreement that could be encountered among the partners or investors and shareholders. Recommend potential resolutions (referring back to the formal documents, such as the articles of incorporation or the partnership agreement) Determine how the business would be terminated if the disagreement between the board of directors, shareholders, or partners could not be resolved.
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