Melissa - Week 9 Final Project - Business Plan

Melissa - Week 9 Final Project - Business Plan - Final...

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Final Project – Business Plan 1 Final Project – Business Plan Melissa Krol ACC 220 March 27, 2010 Instructor: Milton Robinson Axia College University of Phoenix
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Final Project – Business Plan 2 Final Project – Business Plan The name of my business is LORMAR, LLC. This business will be structured as a specialized corporation known as a Limited Liability Company, or LLC. I have chosen this type of structure is the tax advantages otherwise as a C-corporation it will be double-taxed. Another reason I chose this structure is for asset protection, sole-proprietorships and partnerships have little asset protection. LORMAR, LLC will acquire, hold, and manage rental properties. These properties will include apartment and office buildings; strip malls; hotels and motels; self storage units; mobile home parks; as well as residential homes of all types. We will sell the service of managing properties as well as profiting from ownership and self management of acquired properties. LORMAR will be selective in the properties it purchases by recognizing the best rental markets. We will do this by researching which areas have steady job and population growth. We will acquire these properties by looking for those that are being mismanaged and making an offer to
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This note was uploaded on 09/06/2010 for the course ACC 220 acc-220 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

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Melissa - Week 9 Final Project - Business Plan - Final...

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