As an entrepreneur, you want to start a business. The first step is to draft a business plan proposal to organize your ideas. For this assignment you will be submitting a business plan for a imaginary business. For research purposes you can choose any state for location. Business plan should include all of the following:

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  1.) Introduction of proposed business

2.) Description and explanation of the type of business entity that is best for your business

3.)Partnership, coorporation, etc *( You should not choose a sole proprietorship for your business)

4.) Provide explanation for your choice of business entity( Advantages and Disadvantages)

5.) Description of the specific steps needed to be followed to succesfully and legally start a business

  ”Steps will vary, depending on the type of business you choose”

” Good sources of research for this area include the following:

**Textbooks

**State Startups( example: Chapter 47 and 48 of South Dakota Codified Laws include information on business formation process)

The Small business Administra site will be helpful, it includes information on how start a small business

** A draft of appropriate written agreement, Articles of incorporation, articles of organization, partnership agreement, etc.

A draft of valid contract with vendor, supplier, customer, etc. that illustrates all elemnets of a contract and takes in consideration some of the topics discussed in the contract chapter.

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