Designing A Business Plan For A Future Bed And Breakfast
In addition to the type of partnership we are considering establishing, we have already decided that we will be using the entity theory of partnerships, which regards partnerships as a distinct and separate entity from either of us, the partners. As such, both Mercy and I will be able to enter into taxable transactions with the partnership. And this means that the partnership can hold the title to the land, is not legally liable for our (the partners) debts, and is required to file annual returns using the Form 1065 reporting operation results.
Our main question is that we would like to know what type of debt we should take out in order to establish this partnership and be able to finance the land in which to build the bed and breakfast. We want to know, and understand, the difference between recourse debt and non-recourse debt and how it pertains to a partnership as well as to the individual partners. We would also like to know which of these two types would be the best type of debt to incur…
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Implementation and Project Plan for a Santa Cruz Bed and Breakfast
1558 Words | 6 PagesTitle: Implementation/Project Plan a Santa Cruz Bed & Breakfast 1: Overview The objective of this paper is to provide implementation and project plan for Santa Cruz Bed & Breakfast. The project plan intends to assist Santa Cruz to create unique, innovative and entertainment menu that will make the company to differentiate itself from the competitors. Project manager will be in charge of the implementation of the project. Project work-breakdown schedule is critical to describe each task required…
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Bed & Breakfast Feasibility Study
1545 Words | 7 PagesBed & Breakfast Feasibility Study Business Industry: The business industry I have chosen according to the 2012 NAICS Definition falls under; Accommodation and Food Services- Sector 72 • The Accommodation and Food Services sector comprises establishments providing customers with lodging and/or preparing meals, snacks, and beverages for immediate consumption. The sector includes both accommodation and food services establishments because the two activities are often combined at the same establishment…
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Bed And Breakfast Of Indi Emerging Opportunities
10452 Words | 42 PagesBed and Breakfast in India - Emerging Opportunities BY: Dr. GG Saxena Chapter – One Introduction to the concept of Bed and Breakfast stay Hotel’s stays followed by other accommodation are essential for a traveler visit. This gave rise to a new concept known as Bread and Breakfast. The term Bed and Breakfast first evolved in England, Scotland and Ireland whereas terms such as paradors, pensions, gasthaus, minskukus, shukukos and pousados have been widely used by various Americans and Europeans…
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Designing Plans For Current And Future Business
930 Words | 4 Pagesestablished and constructing plans for current and future business approaches, one vital consideration for the company is identifying its key success factors, or KSFs. KSFs are the factors that determine a company’s ability to compete successfully in an industry. The specific KSFs for any given company are unique, but by using whichever metrics have been uniquely decided upon and focusing efforts on evaluating and maximizing performance based on these KSFs, entrepreneurs and business owners are often able…
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Bed & Breakfast Marketing Plan
1349 Words | 6 PagesMarketing & Organizational Plan: Lester Estate’s Bed & Breakfast Inn Marketing & Organizational Plan Lester Estate’s Bed & Breakfast Inn Discuss the marketing research process for the product/service of the new venture. “The most effective way to begin is for the entrepreneur to sit down and make a list of the information that will be needed to prepare the marketing plan (Hisrich, Peters, & Shepherd, 2010, p. 227).” Market research will be conducted to get a better…
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Designing a Business Plan to Impress the Job Interviewer at Merrill Lynch
962 Words | 4 PagesLynch 1: Introduction Objective of this paper is to design the business plan to impress the job interviewer of Merrill Lynch. The first task to achieve is to implement the company mission. 1.1: Company's Mission and how to achieve it My mission for the Merrill Lynch is to stand apart by maintaining and building client's relationships. I will achieve my mission statement by enhancing the client's relationships and conduct business based on five unwavering principles: Respect for the individual…
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The Vineyard Bed And Breakfast
828 Words | 4 PagesVineyard Bed & Breakfast has two competitive advantages that will ensure profitability The other sustainable competitive advantage is the facilities, handcrafted and simply beautiful. The house and adjoining land are magnificent. Situation Analysis Marketing is critical to its success and future profitability The basic market need is a delightful B&B serving the Eugene area. The physical structure that houses the B&B has been specially engineered.. Market Summary . The Enchanted Vineyard Bed & Breakfast…
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Business Plan For Future Electric
5403 Words | 22 PagesA. Executive Summary A1. Company Identification: Future Electric is small business with its corporate location in San Diego, California. Future Electric offers high-quality framing, motor, and electronic parts in the United States. Merchandise, along with “plans” will be sold through the online store (www.FEnow.com) This business plan outlines the sales and some design goals slated for the first year of operation along with the associated costs, identify the needed capital and the guiding system…
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Description Of A Bed And Breakfast
775 Words | 4 PagesA bed and breakfast is typically a guesthouse or a small hotel that offers sleeping accommodations and breakfast meals in the morning. Provided that there is sufficient resources available in designing a bed and breakfast, it would be tailored mostly around couples and romance. There will be a lot of dark red, white and perhaps a little bit of gold in the color schematics. Unlike the classical bed and breakfast that usually carry a more vintage theme, I would add a modern feel also. The bed and breakfast…
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Designing A Perfectly Executed Business Plan
932 Words | 4 PagesYou have to crawl before you can walk. Think of your business plan as that essential stage prior to taking your first step. A perfectly executed business plan provides your business a solid foundation and without it you’re likely to fall flat on your face. That’s the bad news. The good news, the BEST news is that once you have created it, it becomes an invaluable guide to every aspect of your business. While it’s true that trying to secure funding through traditional loans, grants, private placement…
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