This document should be approximately 10 pages in length, double spaced, one-inch margins, excluding charts and exhibits. Please make sure all sources are properly cited using APA style. The document should cover the following legal aspects:
Please use the below information as reference for the business plan.
We decided to make our life coaching company an LLC and it was created by six members, all of which own an equal percentage (about 16%) of it. All six members will contribute $50,000 in order to have enough to pay the company’s start-up costs, totaling $300,000. The target of potential patients is directed both individually and group in case of offering our service to companies. To open our company, we will use $150,000 and the remaining 50% will be used at the time we decide to implement new information technologies, to maintain a stable platform, dynamic and attractive to users. Due to the type of company in which we have decided to invest, we think that our project does not need other investors or bank loans.
Management of the business, decision making, and operation of the business
We have decided to make our LLC managed by all the members. Because we are starting, our resources are limited and we chose to have every member contribute to managing the business. Every member will have authority when it comes to everyday operations and decision-making. As the business grows, we do plan on delegating management to those who are proactive and want to take on the role. All decisions will be made by taking the majority of votes, and in our case we would need four to make and approve a decision. Decision-making in the company at the administrative level within the legal department is what has to do with the supervision of human talent, monitoring of productivity rates, control of working hours, management of billing processes and collection, among others. Work teams are made up of different types of roles and professional profiles. All of them essential for the correct execution of tasks and the proper functioning of the company:
– EXECUTIVE DIRECTOR
– DIRECTOR OF OPERATIONS
– MARKETING DIRECTOR
Sharing of profits/losses
All profits and losses will be distributed between the members equally in the beginning in order to keep fairness. When we say in the beginning, we are accounting for each member’s future performance in running the company and leaving room for individual growth and healthy competition in which every member motivates the other. Included below is a graphic representation of the allocation of all profits and losses: Table No.01:rofit and Loss Allocation
(What liabilities will the business and the owners have if they get sued? How and where would they defend any legal actions?)
An LLC, like other corporations, can have a duration that is indefinite. That being said, it would not be wise to have a fixed duration. We chose to set an indefinite duration to our business because it can continue to go on even if one or more of the members are not able to run it anymore. When it comes to a corporation, having an indefinite duration indicates that it will remain in business until it is either dissolved, acquired by another company, or gone out of business. Having this duration not only benefits us, but also our clients in the long run.
Why Work with Us
Top Quality and Well-Researched Papers
We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.
Professional and Experienced Academic Writers
We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.
Free Unlimited Revisions
If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.
Prompt Delivery and 100% Money-Back-Guarantee
All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.
Original & Confidential
We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.
24/7 Customer Support
Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.
No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.
Admission Essays & Business Writing Help
An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.
Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.
If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.