This checklist is a good starting point for you as you begin your business. You might consider writing your executive summary after you’ve completed all the other sections of the business plan—so you know the key points to stress. Both store types, stock requirements, advertising, sales efforts, pricing strategies and business models are very different, and you will risk financial difficulty attempting to service both markets at once.
A sole proprietorship exists when a single individual operates a business and owns all assets. You’re going to be investing a lot of time and resources into your new business venture. The Secretary of State publishes the Filing Guide, which offers guidelines for registering business entities.
This makes a business a separate entity apart from its owners, and therefore, corporations can own property, assume liability, pay taxes, enter into contracts, sue and be sued like any other individual. Community colleges or online …