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Unformatted text preview: ecify whether it is privately owned or publicly traded.
Many smaller businesses, especially service businesses, are sole proprietorships. Some are legal
partnerships. The protection of incorporating is important, but sometimes the extra legal costs and
hassles of turning in corporate tax forms with double-entry bookkeeping are not worth it. Professional
service businesses, such as accounting or legal or consulting ﬁrms, may be partnerships, although that
mode of establishment is less common these days. If you’re in doubt about how to establish a start-up
company, consult a business attorney. HURDLE: THE BOOK 6.2 ON BUSINESS PLANNING Locations and Facilities
Brieﬂy describe ofﬁces and locations of your company, the nature and function of each, square
footage, lease arrangements, etc.
If you are a service business, you probably don’t have manufacturing plants anywhere, but you might
have Internet services, ofﬁce facilities, and telephone systems that are relevant to providing service.
It is conceivable that your Internet connection, as one hypothetical case, might be critical to your
If you are a retail store, then your location is probably a critical factor, so explain the location, trafﬁc
patterns, parking facilities, and possibly customer demographics as they relate to the speciﬁc location.
Your Market Analysis, discussed in Chapter 11: Your Target Market, goes elsewhere in the plan, but if
your shopping center location draws a particular kind of customer, note that here.
If you are a manufacturer, then you may have different facilities for production, assembly, and ofﬁces.
You may also have manufacturing and assembly equipment, packing equipment, shipping docks, and
Depending on the nature of your plan, its function and purpose, you may want to include more detail
about facilities as appendices attached to your plan. For example, if your business plan is intended to
help sell your company to new owners and you feel that part of the value is the facilities and...
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- Winter '09