- What type of a company will be needed, (e.g., Sole Proprietorship, General Partnership, Limited Partnership, Limited Liability Partnership (LLP), Corporation, & Limited Liability Company (LLC))?
- What does management look like? How will management be structured? How will conflicts be resolved?
- Will you have any consultants for the business? Who and Why?
- Who are the key personnel? What skills do they have to help the company?
What questions you should answer within your business plan:
- How will this Company structure benefit the company and owners?
- What special skills or experience does the key management have for this industry?
- What other resources will you be bringing into the company (i.e. consultants, employees)?