Included in the internal control policy will be the requirement that the only person authorized to sign purchase orders, make capital acquisitions and sign checks will be myself personally. I plan to build and install the www. Norman Numbers, my accountant will give me advice on federal, state and local reporting and licensing requirements.
Analysis of Costs Attached is an itemized cost-breakdown of each individual Widget product that will be in my initial line. I plan to keep abreast of the website developments of my competitors and to constantly improve my site.
Premium will provide me with a tabulation of all insurance policies and limits of liability. Purchasing, capital acquisitions and signing of checks will not be delegated. Bank accounts will be reconciled on a monthly basis. My insurance policies and limits of coverage are as follows: E-Commerce E-Commerce Plans A website focusing on business-to-business E-commerce will be an important tool in my overall marketing program.
Insurance I plan to use the services of Paul Premium, my insurance agent.
Accounting and payroll software programs: E-Commerce Competition The use of business-to-business e-commerce has become standard in my industry and is an important marketing tool. Acquisitions Due Diligence Procedures for Acquisitions I may have opportunities to acquire businesses in the future.
This will include an inventory policy including who can sign for goods and services and who controls the release of goods and services out the door. My lawyer, Suzie Catchum, will provide me with a checklist. Cash Flow Planning Attached is an exhibit of my one-year cash flow analysis including estimated sales, all costs and capital requirements.
Taxes will be paid in the appropriate time frames. Numbers will help me set up resale permit records for reporting to my state franchise tax board.
My referrals include the following helpful contacts to lending institutions: Office layout including tenant improvements provided by the landlord.
My sources of cash for starting my business are as follows.
I will furnish potential lenders a cash flow projection showing sources of repayments and I will be conservative in my forecasts. I will need to research the requirements for my own location and circumstances: I will be using the following systems: I will use a team of experts to give specific advice on the various components of the acquisition: It is my intention to maintain a website that will project the image of a fresh and dynamic resource to my customers.
Numbers will also help me set appropriate controls for handling funds in my business including inventory policy and controls. Use of the Lease Check-off list which is attached as an exhibit. This could include the business license department, planning department, building department, health department, etc.
My presentation kit includes this business plan, my personal financial statement and personal tax returns.widget corporation james jonessection 1. the business profile description of my business i plan to market a complete line of bathroo. Section 5 Business Organization Business Organization.
I plan to form a corporation for my business. It is my intention to grow Widget into a large firm with international relationships. The initial and ongoing costs of operating as a corporation will be a necessary business expense.
View Notes - CIS Final Project Notes TESC from CIS at Thomas Edison State College. • Web-filtering Software • Anti-Virus RECOMMENDATIONS • Upgrade to Client/Server Network • Update.
S ECTION 2: T HE V ISION AND THE P EOPLE The Vision I have a long-term plan to be in business for myself and to utilize the specialized business knowledge I have gained. The business relationships I have developed include ones with the whole sales, advertising in the region, and an experienced bounce houser.
I plan to form a corporation for my business. It is my intention to grow Widget into a large firm with international relationships.
The initial and ongoing costs of operating as a corporation will be a necessary business expense. What’s A WidgetTrue or False: A widget is a device placed in a container of beer to manage the characteristics of the beer's head.
The original widget was patented in Ireland by mi-centre.com or False: A Widget is a .Download