The Portable MBA in Finance and Accounting, 3rd Edition

248 Planning and Forecasting expected that the managers of an LLC will be held to the same fiduciary stan- dards as corporate di ...

Choosing a Business Form 249 even. If Phil operated the business as a sole proprietorship, by contrast, the loss calculated on h ...

250 Planning and Forecasting Partnerships Partnerships are also not separate taxable entities for the purposes of the fed- eral ...

Choosing a Business Form 251 compensate for the lower rates in the lower brackets. Certain “professional service corporations” h ...

252 Planning and Forecasting they are deductible to employers but excluded from income only for employees. Since a sole propriet ...

Choosing a Business Form 253 elected to be taxed similarly to a partnership. Thus, like the partnership, it is not a separate ta ...

254 Planning and Forecasting that these profits and losses are passed through to all partners, including lim- ited partners, eve ...

Choosing a Business Form 255 regulations provide that these entities will be taxed as partnerships unless the entity affirmative ...

256 Planning and Forecasting expenditures for word-processing equipment and office furniture, the corpo- rate form would afford ...

Choosing a Business Form 257 last business eliminates the need for limited partner investors. Almost as easily, Phil can elimina ...

258 Planning and Forecasting decide to form an entity to construct and own the hotel building, separate from the entity that man ...

Choosing a Business Form 259 company offer a variety of employee benefits, which our principals would wish to exclude from their ...

260 9 THE BUSINESS PLAN Andrew Zacharakis The sole purpose of a business plan is to explore and answer questions—crit- ical ques ...

The Business Plan 261 primary purpose of the process is to help the entrepreneur gain deep under- standing of the opportunity he ...

262 Planning and Forecasting needed, a business plan geared towards equity investors or debt providers typ- ically is 25 to 40 p ...

The Business Plan 263 and revising their business plan. Again, the importance of the business plan isn’t the final product but t ...

264 Planning and Forecasting The key to beginning the story model is capturing the reader ’s attention. The tagline is the found ...

The Business Plan 265 spot reading. So if you are seeking venture capital, for instance, you want to fa- cilitate quick perusal ...

266 Planning and Forecasting Note that the table of contents is customized to the specific business so that it doesn’t perfectly ...

The Business Plan 267 Executive Summary (1–3 pages) This section is the most important part of the business plan. If you don’t c ...