An essay on how to set up your own business

Setting up a new Business

Ownership

The type of ownership for the argument will be a partnership. This is the most overt prime(a) as at that place are two people involved, my patronage partner and me. A partnership backside involve among two and twenty partners allowing for further expansion and more fiscal backing if needed. The partnership would be owned in a ratio of 60:40, me owning 60%. This means we would share the cash in input and profits and losses in this ratio, which is bad in the short-term for me, but hopefully good in the long-term. A partnership brings additional expertise from all the partners. A form- that(prenominal) partnership agreement would have to be drawn up to settle any disputes. The problems with a partnership are that there is unlimited liability meaning that it is possible to lose ain possessions e.g. car and house, and that there is limited cash input. Cash would only be available internally and with loans. The alternative was a secret limited company (ltd.) which would have a larger monetary backing and limited liability to the value of shareholding, but in the long-term there is less profit and less mesh when shareholders come in to the plan as well as high set-up costs. Limited companies also have to pay more tax.

Name

The name for the business that I have decided on is Europinia Tours, this conveys the message that the company operates in Europe and it also illustrates tours which can be linked to coach tours as this is the most obvious one. Added to this, the name is quite comprehensive in a identification number of European countries e.g. Germany, should the business wish to expand in to opposite countries.

Aims and Objectives

The main aims and objectives of the business are:

Short-term

To survive and break even...

great you must have a lot of information about buisness, this strain contains a lot of deatil information on how ste up a buisness, keep up the good work.

If you want to get a full essay, order it on our website: Orderessay



If you want to get a full essay, wisit our page: write my essay .