Business Plan on "Opening a Limited Liability Company"
Business Plan 4 pages (1175 words) Sources: 2
[EXCERPT] . . . .
Limited Liability Co.Cover Letter
Lending Manager, Big National Bank
I am writing to discuss your bank's investment in my new venture, Epic Coffee. This company will be a roaster/wholesaler of the best coffee and espresso beans on the planet, with a small cafe attached. The principles have extensive expertise in sourcing and roasting the finest beans on earth -- for example heirloom varieties of arabica and single lots of fair trade coffee from organic farmers. Our expertise has resulted in numerous awards in city newspapers and magazines, and we believe that there is a substantial market for high-quality custom-roasted coffee both at the wholesale and retail level. Our startup funding requirements are only $50,000 and we expect to turn a profit within the first year based on the feedback we have received thus far from potential customers. We believe we can meet these needs with a line of credit, and offer the potential for mezzanine financing down the road as we look to expand. We look forward to our appointment with you in order to outline our proposal in more detail.
Company Background:
The company will engage in three primary functions -- manufacturing, wholesaling and retailing. The first function will consist of processing raw coffee beans into roasted coffee beans. While the procedure is relatively simple, precision roasting in the hands of an expert can yield superior coffees. The wholesale function will be conducted through standard phone/Internet channels, with local distribution being handled by the company and broader distribution handled through a courier company. The retail function will be co
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We have chosen the limited liability company as our form of organization. This form had a number of advantages that we feel and critical to helping our business. The first is that the tax rate for LLCs is lower than for partnerships or sole proprietorships. The second is that the company is a separate legal entity, thus reducing the legal liability of the owners. Each owner will be given a share in the business -- a total of three shares will be issued. The LLC is also a good choice of ownership type for our company because expect to turn a profit by the end of the first year -- we will not need to declare losses against our personal income.
Management Team
There are three principles. The first has a background in coffee, having worked in multiple positions both as a barista and in production. This person will be our main roaster, and has undertaken an internship with one of the nation's leading premium roasters in order to gain knowledge and experience for this venture. This individual will roast in the evening, and work the cafe in the afternoon.
The second principle is the marketing expert. This person has extensive experience in underground marketing and social media. This expertise will be put to good use building the brand's profile, handling distribution and managing the mail orders.
The third principle is the accountant. The manager of the team will attend to all managerial, purchasing and accounting needs. As well, the third will work the cafe in the morning and contribute to the distribution function where needed.
Marketing Plan
The marketing mix can be used to understand our marketing plan. First and foremost, we have a premium product. The quality will be one of the major selling points of our coffee -- it is simply better than that of anybody else currently on the market… READ MORE
Quoted Instructions for "Opening a Limited Liability Company" Assignment:
“This is the guideline with the things the project must have:
1. Cover Letter: a brief summary of your business that will attract the lender when reading. Make to address it to the lender.
2. Company background: a description of your business in detail. Include the form of ownership (Limited Liability Co.) and the reasons for the choice.
3. Management Team: include a description of each team member on board. Whichever form of ownership you choose, make the choice of member relevant.
4. Financial Plan: state your monthly income projections and expenses. This is to be done for a 12 month period. Although these number are obviously hypothetical, make them look as *****"real*****" as you can. Remember, when a lender looks at your financials they want to see potential for profits and ability to pay back the loan. Capital requirement could be added here.
5. Marketing Plan: marketing consists of the product, price, place, and promotion. Discuss the pricing objectives, place where you will set up your business/sell your product, and type of promotion to be used. You already discussed product on #2. Include your SWOT analysis here.
These are the Prof. recommendations to the project. Please, I don*****'t really care about what time of business the ***** will choose. I was thinking about a restaurant of something as simple as that. Do not worry about too many details on financial or too much detailed information about it, as longs as it covers what it is asked, you*****'re fine.
Be creative... Thanks!
How to Reference "Opening a Limited Liability Company" Business Plan in a Bibliography
“Opening a Limited Liability Company.” A1-TermPaper.com, 2010, https://www.a1-termpaper.com/topics/essay/limited-liability-co-cover-letter/23142. Accessed 6 Jul 2024.
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