FIN 571 Business Structure Advice - 52525

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  • From: Finance,
  • Posted on: Sat 29 Mar, 2014
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Request Description

Write a 350- to 700-word response to the following e-mail:
Dear Consultant,
I am currently starting a business and developing my business plan. I'm in need of some advice on how to start forming my business. I am not sure exactly how it will be financed and whether or not I want to take on partners. I am interested and willing to learn the intricacies of my options to determine how to best proceed with my plan.
Please advise on what my options are, the advantages and disadvantages of each, and possible tax consequences for each scenario?Respectfully,
John Owner
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Solution Description

Thank you for your email. There are a number of options that are at your disposal. This all matters on what resources you currently have. It is a very wise decision to have a business plan so that you can keep track of how you spend your money. This will also assure you that you can plan wisely for all the resources that you have. A business plan will assure that you will budget for everything, and hence, no wastage will be incurred.

FIN 571 WEEK 2 Business Structure Advice.doc
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