ACC 220 WEEK 9 FINAL PROJECT - BUSINESS PLAN

ACC 220 WEEK 9 FINAL PROJECT - BUSINESS PLAN - Week 9...

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Week 9 Capstone Discussion Question Final Project: Business Plan Resources: Appendix A Due Date: Day 7 [Individual] forum Write a 700- to 1,050-word paper, using APA guidelines, based on the scenario below. You want to start your own business. You found an investment group that is willing to give you the capital needed for the first year of your business, but only if you can convince them you have a solid plan for the success of this business. Your investor is very concerned with how the accounting functions of this business will be handled. You must persuade your investor to put up the capital by addressing the following questions in your business plan: o What is the name of your business? o What type of business structure is it (sole proprietorship, partnership, or corporation)? Why did you choose that structure? o What type of services or products does your business provide? o What role will accounting play in the start up of your business? o What type of work characteristics will you look for when hiring your accounting staff? o What education should a person have in budgeting, internal controls, and cash management before going into business? o What kinds of internal controls will you put in place for the business? o How will your managers use financial information to predict outcomes for your business? Post your paper as a Microsoft® Word attachment.
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First: Business Name: Diosa’s Manufacturing. Second: Business Structure: The company would be established as a Corporation. This particular for of a business organization was chosen since it has many advantages: 1) A Corporation has a Separate Legal Existence: The corporation acts under its own name rather than the name of its shareholders, 2) Limited Liability of Stockholders: Since a corporation is a separate legal entity, creditors only have recourse only to corporate assets to satisfy their claims; 3) Transferable Ownership Rights: ownership of a corporation is shown as shares of capital stock, which are transferable units. Such transfers have no effect on the operating activities of the corporation or on a corporation’s
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This note was uploaded on 10/17/2011 for the course ACC 220 220 taught by Professor Aliciahubbard during the Spring '10 term at University of Phoenix.

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ACC 220 WEEK 9 FINAL PROJECT - BUSINESS PLAN - Week 9...

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