Planning Review For Accessory Structures And Sheds: Fill & Download for Free

Are you confused about what you need in order to start a demolition project? In most cases, you’re going to need a demolition permit.It’s best to find out before starting the project whether the permit is something you’ll need to obtain. Fortunately, this article covers everything you need to know about demolition permits.What is a demolition permit?A demolition permit is a legal document that provides you with the right to demolish any structure that requires a building permit to construct. But just because a building permit was not acquired before construction does not mean you don’t need a demolition permit. If the structure was improperly built without obtaining a permit, you still have to get a permit to demolish it.If you’re working on more than one structure, you have to get a separate demolition permit for each one that requires demolition. A shed and detached garage on the same property, for instance, each requires their own demolition permit. So in that case, you would need to demolition permits.Depending on the area where you will be doing the demolition, various code provisions will specify permit requirements and the review process.When exactly do you need a demolition permit?You need a demolition permit when:A primary structure or structures will be razed or removed from a lot.Any accessory structures with utility systems, mechanical systems, hazardous materials, or a basement-type foundation will be raised or removed from a lot.A building that is having an addition renovation requires a substantial amount of demolition.Special considerationsSmaller residential structures that include four or fewer dwelling units typically require additional measures, including specific site control measures and potentially added inspections. You’ll also need an erosion control inspection for each permit you are issued. You will also need a tree preservation inspection prior to any demolition work if you are preserving trees on the site.What are the requirements of getting a demolition permit?In order to obtain a demolition permit you will need:A completed permit application.For many demolition projects, a grading plan—submitted and approved.A successfully completed and inspected plumbing permit.Depending on the municipality, a cash demolition escrow bond may be required to ensure the safe, sanitary, and secure completion of the demolition work. This bond is typically refundable at the end of demolition.Determine whether the proposed work is a demolition or a major alteration.You need a demolition permit only if the project is in fact a demolition project.These two types of work are very different from each other a demolition is defined by the removal of all exterior walls above the foundation. You may need to check your local code provisions to determine the definition of the word “wall” and to check on how you can determine if all exterior walls have been removed.A major alteration, on the other hand, involves removing at least 50% of the exterior walls above the foundation. Again, check your local code provisions to figure out whether your project meets the criteria for a major alteration.Make note, however, that if at any point your major alteration project becomes a demolition project according to code provisions, then you are required to stop your project and obtain a demolition permit before continuing work.Check for any ordinances that would require a demolition delay.In many places, the city codes surrounding demolition projects require a demolition delay in certain circumstances. The delay is there to ensure time for appropriate notices to be mailed and emailed to the appropriate organizations, and in some cases for appropriate signs to be placed on the properties prior to the beginning of demolition activity.This is especially likely in the case of single-family residential units.Check for appropriate site control measures that must be implemented.Many residential structures, or dwelling units, as well as their accessory structures, require site control measures for demolitions. These may include an asbestos survey, a demolition plan, documentation regarding lead paint certifications, documentation regarding certification for asbestos removal, removing exterior painted surfaces before mechanical demolition, implementing dust suppression measures mechanical demolition, agreements that demolition activities will be suspended if winds exceed a certain speed, and plans for demolition debris to be properly contained and covered on-site.Check for any deconstruction ordinance requirements.Many single-family dwelling structures, such as houses and duplexes, require a deconstruction ordinance if they meet certain criteria. This is often in the case that the structure is considered a historic building.In the case that the building is a historic resource, you may be required to have a certified deconstruction contractor safely disassemble the house in order to salvage valuable materials that can be reused. Additional permits for historic deconstruction will likely be required.Determine whether the soil will need to be compacted after demolition.After demolition, the site must be restored to a condition that is suitable for new construction. In some cases this means replacing the soil and then compacting it. Compacting is more likely to be necessary if the demolished building had a basement or foundation that resulted in the need for a large replacement fill.If this is the case, you will also need a soils special inspection, which must be completed by an independent agency. However, in some cases when a replacement structure is being constructed at the same time and the basement excavation will be reused, you may be able to disregard the compacted fill requirements if you sign an agreement that the excavation will get filled if the planned new construction does not occur.Check whether a sewer cap is required, or if there are any other utilities requirements.Different cities have different provisions regarding utilities. If a house that is being demolished is served by the city sewer, it may require a sewer To be placed during demolition. If the sanitary system was a septic tank or cesspool, you will likely need an inspection and decommissioning permit for the abandonment of the system.Make sure you get an intent to demolish form signed by all the property owners.Unless you are in fact the owner listed on the deed of the property, you’ll need to have this taken care of before any demolition work begins. If the property has multiple owners, you’ll need to make sure that the form is signed by each of them.Check the tree code requirements for the area.Before you can be issued a demolition permit, you will often need to provide tree preservation information. Those requirements will need to be completed within a certain amount of time before demolition, during the demolition delay period.Most municipalities will not approve the demolition permit until tree code requirements are met. This is important to know because not meeting tree code requirements could result in a delay in getting the permit issued.You do not need a demolition permit when:Removing small sheds, small garages, or other minor accessory structures that do not contain utilities with separate connections or basement-type foundations.Removing decks, porches, and other similar appendages to structures where the intent is to rebuild after removal.Performing interior demolition to a structure or structures, where the intent is to change or renovate the structure.Demolition grading plan requirements:As mentioned in the requirements for obtaining a demolition permit, a grading plan is required for many projects. The grading plan will need to be submitted for review, and will likely need to include, at the least, the following items:The property address and a legal description of the structure and property.Information regarding existing typography and boundaries.A description of basements or foundation locations that will be removed or filled.The proposed contours and elevations.Limits regarding the clearing and grading.A plan for control measures regarding erosion and sediment.And any other notes or items deemed necessary for demolition.This is not a complete list of grading plan requirements. Always check with the municipality where you will be completing the demolition.To summarize:A demolition permit is necessary to completely raze or remove a structure down to the foundation in most municipalities.You need a separate permit for each structure to be demolished.You fill out a permit application in order to start the process of obtaining the demolition permit.You will likely need to submit a demolition grading plan.You need to acquire plumbing permits for the demolition.Different types of structures will require various inspections and criteria to be met prior to being issued a demolition permit.Additional requirements may be present in the code provisions for various municipalities.

Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Find below my top 10 detailed steps and further reference in starting a business. It is my sole aim that you make it in the online space by building a resilient and profitable online business. Kindly check out the blog below to learn and build a solid business in an evergreen niche.PINTEREST FOR BUSINESS & BRANDSEverybody begins as fledglings eventually, and it takes tolerance, time, and consistency to turn into an expert.https://bit.ly/3myECloConduct market researchMarket research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business.Use market research to find customersMarket research blends consumer behavior and economic trends to confirm and improve your business. It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye.Gather demographic information to better understand opportunities and limitations for gaining customers. This could include population data on age, wealth, family, interests, or anything else that’s relevant for your business.Then answer these questions to get a good sense of your market.Demand: Is there a desire for your product or service?Market size: How many people would be interested in your offering?Economic indicators: What is the income range and employment rate?Location: Where do your customers live and where can your business reach?Market saturation: How many similar options are already available to consumers?Pricing: What do potential customers pay for these alternatives?You’ll also want to keep up with the latest small business trends. It’s important to gain a sense of the specific market share that will impact your profits.You can do market research using existing sources, or you can do the research yourself and go direct to consumers.Existing sources can save you a lot of time and energy, but the information might not be as specific to your audience as you’d like. Use it to answer questions that are both general and quantifiable, like industry trends, demographics, and household incomes. Asking consumers yourself can give you a nuanced understanding of your specific target audience. But, direct research can be time consuming and expensive. Use it to answer questions about your specific business or customers, like reactions to your logo, improvements you could make to buying experience, and where customers might go instead of your business.Here are a few methods you can use to do direct research:SurveysQuestionnairesFocus groupsIn-depth interviewsFor guidance on deciding which methods are worthwhile for your small business, the Small Business Administration provides counseling services.Use competitive analysis to find a market advantageCompetitive analysis helps you learn from businesses competing for your potential customers. This is key to defining a competitive edge that creates sustainable revenue.Your competitive analysis should identify your competition by product line or service and market segment. Assess the following characteristics of the competitive landscape:Market shareStrengths and weaknessesYour window of opportunity to enter the marketThe importance of your target market to your competitorsAny barriers that may hinder you as you enter the marketIndirect or secondary competitors who may impact your success Several industries might be competing to serve the same market you’re targeting. The Department of Justice provides a diagram of Porter’s Five Sources as one way you can differentiate your competitive analysis by industry. Important factors to consider include level of competition, threat of new competitors or services, and the effect of suppliers and customers on price.Write your business planYour business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice.Strategies help you maintain your businessA decent field-tested strategy guides you through each phase of beginning and dealing with your business. You'll utilize your strategy as a guide for how to design, run, and develop your new business. It's a method to thoroughly consider the vital components of your business.Marketable strategies can assist you with getting financing or welcome on new colleagues. Financial backers need to feel sure they'll see a profit from their speculation. Your field-tested strategy is the device you'll use to persuade individuals that working with you — or putting resources into your organization — is a keen decision.Pick a strategy design that works for youThere's no set in stone manner to compose a marketable strategy. What's significant is that your arrangement addresses your issues.Most marketable strategies can be categorized as one of two basic classes: conventional or lean startup.Conventional strategies are more normal, utilize a standard design, and urge you to really expound in each segment. They will in general require more work forthright and can be many pages long.Lean new company plans are more uncommon yet utilize a standard construction. They center around summing up just the main marks of the vital components of your arrangement. They can take just one hour to make and are normally just one page.Customary field-tested strategy designYou may incline toward a conventional marketable strategy design in case you're very conscientious, need an extensive arrangement, or plan to demand financing from customary sources.At the point when you compose your field-tested strategy, you don't need to adhere to the specific strategy layout. All things being equal, utilize the segments that bode well for your business and your necessities. Conventional field-tested strategies utilize a mix of these nine areas.Chief outlineMomentarily mention to your peruser what your organization is and why it will be fruitful. Incorporate your statement of purpose, your item or administration, and fundamental data about your organization's initiative group, representatives, and area. You ought to likewise incorporate monetary data and undeniable level development plans on the off chance that you intend to request financing.Organization depictionUtilize your organization depiction to give point by point data about your organization. Broadly expound on the issues your business settles. Be explicit, and rattle off the purchasers, association, or organizations your organization intends to serve.Clarify the upper hands that will make your business a triumph. Are there specialists in your group? Have you tracked down the ideal area for your store? Your organization portrayal is the spot to gloat about your qualities.Market investigationYou'll require a decent comprehension of your industry standpoint and target market. Serious examination will show you what different organizations are doing and what their qualities are. In your statistical surveying, search for patterns and topics. What do effective contenders do? For what reason does it work? Would you be able to improve? Presently's an ideal opportunity to address these inquiries.Association and the boardTell your peruser how your organization will be organized and who will run it.Depict the lawful construction of your business. State whether you have or expect to join your business as a C or a S enterprise, structure a general or restricted association, or in case you're a sole owner or LLC.Utilize a hierarchical outline to lay who's responsible for what in your organization. Show how every individual's exceptional experience will add to the achievement of your endeavor. Consider including resumes and CVs of key colleagues.Administration or product offeringPortray what you sell or what administration you offer. Clarify how it benefits your clients and what the item lifecycle resembles. Offer your arrangements for licensed innovation, similar to copyright or patent filings. In case you're doing innovative work for your administration or item, clarify it in detail.Advertising and dealsThere's no single method to move toward an advertising system. Your system ought to develop and change to accommodate your exceptional necessities.Your objective in this part is to portray how you'll pull in and hold clients. You'll additionally depict how a deal will really occur. You'll allude to this part later when you make monetary projections, so make a point to altogether depict your total promoting and deals systems.Subsidizing demandIn case you're requesting financing, this is the place where you'll layout your subsidizing necessities. You will probably unmistakably clarify how much subsidizing you'll require over the course of the following five years and what you'll utilize it for.Indicate whether you need obligation or value, the terms you'd like applied, and the time allotment your solicitation will cover. Give a point by point portrayal of how you'll utilize your assets. Determine in the event that you need assets to purchase gear or materials, pay rates, or cover explicit bills until income increments. Continuously incorporate a depiction of your future vital monetary plans, such as taking care of obligation or selling your business.Monetary projectionsSupplement your subsidizing demand with monetary projections. You will probably persuade the peruser that your business is steady and will be a monetary achievement.On the off chance that your business is as of now settled, incorporate pay articulations, accounting reports, and income explanations for the last three to five years. In the event that you have other security you could set against an advance, try to show it now.Give a planned monetary standpoint to the following five years. Incorporate determined pay proclamations, monetary records, income articulations, and capital consumption financial plans. For the principal year, be significantly more explicit and utilize quarterly — or even month to month — projections. Make a point to plainly clarify your projections, and match them to your subsidizing demands.Fund your businessYour business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need.Determine how much funding you'll needEvery business has different needs, and no financial solution is one size fits all. Your personal financial situation and vision for your business will shape the financial future of your business.Once you know how much startup fund you’ll need, it’s time to figure out how you’ll get it.Fund your business yourself with self-fundingOtherwise known as bootstrapping, self-funding lets you leverage your own financial resources to support your business. Self-funding can come in the form of turning to family and friends for capital, using your savings accounts, or even tapping into your 401k.With self-funding, you retain complete control over the business but you also take on all the risk yourself. Be careful not to spend more than you can afford, and be especially careful if you choose to use tap into retirement accounts early. You might face expensive fees or penalties, or damage your ability to retire on time — so you should check with your plan’s administrator and a personal financial advisor first.Get venture capital from investorsInvestors can give you funding to start your business in the form of venture capital investments. Venture capital is normally offered in exchange for an ownership share and active role in the company.Venture capital differs from traditional financing in a number of important ways. Venture capital typically:Focuses high-growth companiesInvests capital in return for equity, rather than debt (it’s not a loan)Takes higher risks in exchange for potential higher returnsHas a longer investment horizon than traditional financingAlmost all venture capitalists will, at a minimum, want a seat on the board of directors. So be prepared to give up some portion of both control and ownership of your company in exchange for funding.How to get venture capital fundingThere’s no guaranteed way to get venture capital, but the process generally follows a standard order of basic steps.Find an investorLook for individual investors — sometimes called “angel investors” — or venture capital firms. Be sure to do enough background research to know if the investor is reputable and has experience working with startup companies.Share your business planThe investor will review your business plan to make sure it meets their investing criteria. Most investment funds concentrate on an industry, geographic area, or stage of business development.Go through due diligence reviewThe investors will look at your company’s management team, market, products and services, corporate governance documents, and financial statements.Work out the termsIf they want to invest, the next step is to agree on a term sheet that describes the terms and conditions for the fund to make an investment.InvestmentOnce you agree on a term sheet, you can get the investment! Once a venture fund has invested, it becomes actively involved in the company. Venture funds normally come in “rounds.” As the company meets milestones, further rounds of financing are made available, with adjustments in price as the company executes its plan.Pick your business locationYour business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.Determine the best spot to find your businessYou'll have to enroll your business, cover burdens, and get licenses and allows in the spot you decide to find your business.Where you find your business depends partially on the area of your objective market, colleagues, and your own inclinations. Moreover, you ought to think about the expenses, advantages, and limitations of various government organizations.Locale explicit operational expenseAt the point when you compute your startup costs, consider the manner in which various costs may cost pretty much relying upon your area.Costs that can change altogether by area incorporate standard pay rates, the lowest pay permitted by law laws, property estimations, rental rates, business protection rates, utilities, and government licenses and charges.Nearby drafting statutesIn the event that you purchase, lease, fabricate, or plan to work out of an actual property for your business, ensure it adjusts to neighborhood drafting necessities.Neighborhoods are by and large drafted for one or the other business or private use. Drafting laws can confine or completely prohibit explicit sorts of organizations from working in a space.You may have less drafting limitations in the event that you base your business out of your home, yet drafting statutes can in any case apply even to locally established organizations.Drafting laws are commonly controlled at the nearby level, so check with your division of city arranging, or comparable office, to get some answers concerning the drafting laws in your space.Choose a business structureThe legal structure you choose for your business will impact your business registration requirements, how much you pay in taxes, and your personal liability.Your business structure influences the amount you cover in charges, your capacity to fund-raise, the desk work you need to document, and your own obligation.You'll have to pick a business structure before you register your business with the state. Most organizations will likewise have to get an assessment ID number and document for the proper licenses and allows.Pick cautiously. While you may change over to an alternate business structure later on, there might be limitations dependent on your area. This could likewise bring about charge results and unintended disintegration, among different inconveniences.Talking with business guides, lawyers, and bookkeepers can demonstrate accommodating.Survey regular business structuresSole ownershipA sole ownership is not difficult to frame and gives you unlimited authority of your business. You're naturally viewed as a sole ownership in the event that you work together exercises however don't enroll as some other sort of business.Sole ownerships don't deliver a different business element. This implies your business resources and liabilities are not isolated from your own resources and liabilities. You can be expected actually to take responsibility for the obligations and commitments of the business. Sole owners are as yet ready to get a trademark. It can likewise be difficult to fund-raise since you can't sell stock, and banks are reluctant to loan to sole ownerships.Sole ownerships can be a decent decision for okay organizations and proprietors who need to test their business thought prior to framing a more proper business.AssociationAssociations are the least difficult construction for at least two individuals to claim a business together. There are two regular sorts of associations: restricted organizations (LP) and restricted obligation associations (LLP).Restricted associations have just one general cooperate with limitless risk, and any remaining accomplices have restricted obligation. The accomplices with restricted risk additionally will in general have restricted authority over the organization, which is reported in an association understanding. Benefits are gone through to individual assessment forms, and the overall accomplice — the accomplice without restricted risk — should likewise cover independent work charges.Restricted risk associations are like restricted organizations, yet give restricted obligation to each proprietor. A LLP shields each accomplice from obligations against the association, they will not be answerable for the activities of different accomplices.Associations can be a decent decision for organizations with numerous proprietors, proficient gatherings (like lawyers), and gatherings who need to test their business thought prior to shaping a more conventional business.Restricted risk organization (LLC)A LLC allows you to exploit the advantages of both the enterprise and association business structures.LLCs shield you from individual obligation in many occurrences, your own resources — like your vehicle, house, and investment accounts — will not be in danger in the event that your LLC faces insolvency or claims.Benefits and misfortunes can get gone through to your own pay without confronting corporate charges. Be that as it may, individuals from a LLC are viewed as independently employed and should pay independent work charge commitments towards Medicare and Social Security.LLCs can have a restricted life in numerous states. At the point when a part joins or leaves a LLC, a few states may require the LLC to be broken down and re-framed with new enrollment — except if there's as of now an arrangement set up inside the LLC for purchasing, selling, and moving proprietorship.LLCs can be a decent decision for medium-or higher-hazard organizations, proprietors with critical individual resources they need to be ensured, and proprietors who need to pay a lower charge rate than they would with an enterprise.PartnershipC corpA partnership, some of the time called a C corp, is a legitimate element that is independent from its proprietors. Companies can make a benefit, be burdened, and can be expected legitimately to take responsibility.Companies offer the most grounded assurance to its proprietors from individual risk, yet the expense to frame a company is higher than different designs. Organizations likewise require more broad record-keeping, operational cycles, and announcing.In contrast to sole owners, associations, and LLCs, partnerships pay annual assessment on their benefits. Sometimes, corporate benefits are burdened twice — first, when the organization makes a benefit, and again when profits are paid to investors on their own assessment forms.Enterprises have a totally autonomous life separate from its investors. In the event that an investor leaves the organization or sells their offers, the C corp can keep working together moderately undisturbed.Partnerships have a benefit with regards to raising capital since they can raise assets through the offer of stock, which can likewise be an advantage in pulling in representatives.Enterprises can be a decent decision for medium-or higher-hazard organizations, organizations that need to fund-raise, and organizations that arrangement to "open up to the world" or in the long run be sold.S corpA S organization, in some cases called a S corp, is an exceptional kind of enterprise that is intended to keep away from the twofold tax collection downside of customary C corps. S corps permit benefits, and a few misfortunes, to be gone through straightforwardly to proprietors' very own pay while never being dependent upon corporate duty rates.Not all states charge S corps similarly, however most remember them a similar way the national government does and burdens the investors likewise. A few states charge S corps on benefits over a predefined limit and different states don't perceive the S corp political race by any stretch of the imagination, essentially regarding the business as a C corp.S corps should record with the IRS to get S corp status, an alternate interaction from enrolling with their state.There are unique cutoff points on S corps. S corps can't have in excess of 100 investors, and all investors should be U.S. residents. You'll actually need to follow exacting documenting and operational cycles of a C corp.S corps additionally have a free life, actually like C corps. On the off chance that an investor leaves the organization or sells their offers, the S corp can keep working together moderately undisturbed.S corps can be a decent decision for an organizations that would somehow or another be a C corp, yet meet the measures to record as a S corp.B corpAn advantage enterprise, here and there called a B corp, is a revenue driven organization perceived by a greater part of U.S. states. B corps are not quite the same as C corps in reason, responsibility, and straightforwardness, however aren't distinctive by they way they're burdened.B corps are driven by both mission and benefit. Investors consider the organization responsible to deliver a type of public advantage notwithstanding a monetary benefit. A few states require B corps to submit yearly advantage reports that exhibit their commitment to the public great.There are a few outsider B corp confirmation administrations, yet none are needed for an organization to be legitimately viewed as a B corp in a state where the lawful status is accessible.Close partnershipClose partnerships look like B corps yet have a less customary corporate design. These shed numerous conventions that commonly administer partnerships and apply to more modest organizations.State rules change, however shares are normally banished from public exchanging. Close companies can be controlled by a little gathering of investors without a directorate.Not-for-profit organizationNot-for-profit organizations are coordinated to do good cause, training, strict, scholarly, or logical work. Since their work benefits general society, philanthropies can get charge absolved status, which means they don't pay state or government charges personal duties on any benefits it makes.Philanthropies should record with the IRS to get charge exclusion, an alternate interaction from enlisting with their state.Philanthropic enterprises need to keep hierarchical guidelines fundamentally the same as a customary C corp. They likewise need to keep uncommon principles about how they manage any benefits they procure. For instance, they can't disseminate benefits to individuals or political missions.Not-for-profits are frequently called 501(c)(3) organizations — a reference to the segment of the Internal Revenue Code that is most generally used to give charge absolved status.HelpfulAn agreeable is a business or association claimed by and worked to support those utilizing its administrations. Benefits and profit created by the agreeable are conveyed among the individuals, otherwise called client proprietors. Ordinarily, a chosen governing body and officials run the agreeable while customary individuals have casting a ballot ability to control the bearing of the helpful. Individuals can turn out to be essential for the helpful by buying shares, however the measure of offers they hold doesn't influence the heaviness of their vote.Consolidate diverse business structuresAssignments like S corp and philanthropic aren't rigorously business structures — they can likewise be perceived as an expense status. It's workable for a LLC to be burdened as a C corp, S corp, or a philanthropic. These plans are undeniably more uncommon and can be more hard to arrangement. In case you're thinking about one of these non-standard designs, you ought to talk with a business guide or a lawyer to help you choose.Choose your business nameIt’s not easy to pick the perfect name. You’ll want one that reflects your brand and captures your spirit. You’ll also want to make sure your business name isn’t already being used by someone else.Register your business name to protect itYou’ll want to choose a business name that reflects your brand identity and doesn’t clash with the types of goods and services you offer.Once you settle on a name you like, you need to protect it. There are four different ways to register your business name. Each way of registering your name serves a different purpose, and some may be legally required depending on your business structure and location.Entity name protects you at state levelTrademark protects you at a federal levelDoing Business As (DBA) doesn’t give legal protection, but might be legally requiredDomain name protects your business website addressEach of these name registrations are legally independent. Most small businesses try to use the same name for each kind of registration, but you’re not normally required to.4 different ways to register your business nameEntity nameAn entity name can protect the name of your business at a state level. Depending on your business structure and location, the state may require you to register a legal entity name.Your entity name is how the state identifies your business. Each state may have different rules about what your entity name can be and usage of company suffixes. Most states don’t allow you to register a name that’s already been registered by someone else, and some states require your entity name to reflect the kind of business it represents in most cases, your entity name registration protects your business and prevents anyone else in the state from operating under the same entity name. However, there are exceptions pertaining to state and business structure.Check with your state for rules about how to register your business name.TrademarkA trademark can protect the name of your business, goods, and services at a national level. Trademarks prevent others in the same (or similar) industry in the U.S. from using your trademarked names.For example, if you were an electronics company and wanted to call your business Springfield Electronic Accessories and one of your products Screen Cover 5000, trademarking those names would prevent other electronics businesses or similar products from using those same names.Businesses in every state are subject to trademark infringement lawsuits, which can prove costly. That’s why you should check your prospective business, product, and service names against the official trademark database,Doing Business As (DBA) nameYou might need to register your DBA — also known as a trade name, fictitious name, or assumed name — with the state, county, or city your business is located in. Registering your DBA name doesn’t provide legal protection by itself, but most states require you to register your DBA if you use one. Some business structure require you to use a DBA.Even if you’re not required to register a DBA, you might want to anyway. A DBA lets you conduct business under a different identity from your own personal name or your formal business entity name. As an added bonus, getting a DBA and fedreal tax ID number (EIN) allows you to open a business bank account.Multiple businesses can go by the same DBA in one state, so you’re less restricted in what you can choose. There’s also more leeway in the clarity of business function. For example, a small business owner could use Springfield Electronic Accessories for their entity name but use TechBuddy for their DBA. Just remember that trademark infringement laws will still apply.Determine your DBA requirements based on your specific location. Requirements vary by business structure as well as by state, county, and municipality, so check with local government offices and websites.Domain nameIf you want an online presence for your business, start by registering a domain name — also known as your website address, or URL.Once you register your domain name, no one else can use it for as long as you continue to own it. It’s a good way to protect your brand presence online.If someone else has already registered the domain you wanted to use, that’s okay. Your domain name doesn’t actually need to be the same as your legal business name, trademark, or DBA. For example, Springfield Electronic Accessories could register the domain name z4fir. You’ll register your domain name through a registrar service. Consult a directory of accredited registrars to determine which ones are safe to use, and then pick one that offers you the best combination of price and customer service. You’ll need to renew your domain registration on a regular basis.Register your businessOnce you’ve picked the perfect business name, it’s time to make it legal and protect your brand. If you’re doing business under a name different than your own, you’ll need to register with the federal government, and maybe your state government, too.See whether you need to enroll your businessYour area and business structure decide how you'll have to enroll your business. Decide those components first, and enlistment turns out to be exceptionally clear.For most private ventures, enlisting your business is pretty much as basic as enrolling your business name with state and neighborhood governments.Now and again, you don't have to enlist by any stretch of the imagination. On the off chance that you direct business as yourself utilizing your legitimate name, you will not have to enroll anyplace. In any case, recall, on the off chance that you don't enroll your business, you could pass up close to home risk assurance, lawful advantages, and tax breaks.Register with government officesMost organizations don't have to enlist with the national government to turn into a legitimate substance, other than just recording to get an administrative assessment ID. Independent companies in some cases register with the central government for brand name assurance or assessment excluded status.On the off chance that you need to reserve your business, image or item name, document with the United States Patent and Trademark office whenever you've shaped your business.In the event that you need charge excluded status for a charitable organization, register your business as an assessment absolved substance with the IRS.To make a S corp, you'll need to document structure 2553 with the IRS.Register with state officesIn the event that your business is a LLC, organization, association, or charitable enterprise, you'll likely have to enroll with any state where you direct business exercises.Commonly, you're viewed as leading business exercises in a state when:Your business has an actual presence in the stateYou regularly have face to face gatherings with customers in the stateA critical bit of your organization's income comes from the stateAny of your representatives work in the stateA few states permit you to enroll on the web, and a few states make you record paper archives face to face or through the mail.Most states expect you to enlist with the Secretary of State's office, a Business Bureau, or a Business Agency.Get a registration agentIn the event that your business is a LLC, enterprise, association, or charitable company, you'll need an enrolled specialist in your state before you record.An enlisted specialist gets official papers and authoritative archives for the benefit of your organization. The enlisted specialist should be situated in the state where you register.Numerous entrepreneurs like to utilize an enrolled specialist administration as opposed to do this job themselves.Document for unfamiliar capabilityIn the event that your LLC, enterprise, association, or charitable company conducts business exercises in more than one state, you may have to shape your business in one state and afterward document for unfamiliar capability in different states where your business is dynamic.The state where you structure your business will believe your business to be homegrown, while each and every other state will see your business as unfamiliar. Unfamiliar capability advises the express that an unfamiliar business is dynamic there.Unfamiliar qualified organizations ordinarily need to settle charges and yearly report expenses in both their condition of arrangement and states where they're unfamiliar qualified.To unfamiliar qualify, record a Certificate of Authority with the state. Numerous states likewise require a Certificate of Good Standing from your condition of arrangement. Each state charges a documenting expense, yet the sum differs by state and business structure.Look at with state workplaces to discover unfamiliar capability prerequisites and charges.Record state archives and chargesMuch of the time, the absolute expense to enroll your business will be under $300, yet charges shift contingent upon your state and business structure.The data you'll require commonly incorporates:Business nameBusiness areaProprietorship, the board construction, or chiefsEnlisted specialist dataNumber and estimation of offers (in case you're a company)The archives you need — and what goes in them — will fluctuate dependent on your state and business structure.Get federal and state tax IDsYou’ll use your employer identification number (EIN) for important steps to start and grow your business, like opening a bank account and paying taxes. It’s like a social security number for your business. Some — but not all — states require you to get a tax ID as well.Get a government charge ID numberYour Employer Identification Number (EIN) is your government charge ID. You need it to cover government charges, enlist representatives, open a financial balance, and apply for permits to operate and allows.It's allowed to apply for an EIN, and you ought to get it done just after you register your business.Your business needs a government charge ID number in the event that it does any of the accompanying:Pays workersWorks as a company of organizationDocuments expense forms for work, extract, or liquor, tobacco, and gunsRetains charges on pay, other than compensation, paid to a non-occupant outsiderUtilizations a Keogh Plan (an assessment conceded annuity plan)Works with specific kinds of associationsApply for an EIN with the IRS help instrument. It will manage you through questions and request your name, government backed retirement number, address, and your "Working together As" (DBA) name. Your nine-digit government charge ID opens up promptly upon check.Change or supplant your EINOn the off chance that you as of now have an EIN, you may need to change or supplant it with another one if certain progressions have happened with your business.Kinds of business changes that may expect you to change or supplant your EIN are:Name changeAddress changeChanges in proprietorshipChanges in administrationChange in charge statusYour necessities will rely upon your business structure and the sort of progress that happened. Check with the IRS to decide precisely whether you need to change or supplant your EIN.Get a state charge ID numberThe requirement for a state charge ID number ties straightforwardly to whether your business should settle state charges. Once in a while, you can utilize state charge ID numbers for different capacities, similar to insurance against data fraud for sole owners.Duty commitments vary at the state and nearby levels, so you'll have to check with your state's sites.To know whether you need a state charge ID, investigate and comprehend your state's laws with respect to personal duties and work burdens, the two most regular types of state charges for private companies.The interaction to get a state charge ID number is like getting a government charge ID number, however it will fluctuate by state. You'll need to check with your state government for explicit advances.State pay and work charges for organizationsSeven states have no personal duty, and another two just force charge on pay from profits. States that do burden pay will decide figures dependent on business structure.Assessments additionally differ by state on business protection and laborers' pay protection. Comprehend these and different ramifications in figuring startup costs and picking a business structure.Visit your state's site to distinguish whether you need to get a state charge ID number to settle state charges.Apply for licenses and permitsKeep your business running smoothly by staying legally compliant. The licenses and permits you need for your business will vary by industry, state, location, and other factors.Federal licenses and permitsYou'll need to get a federal license or permit if your business activities are regulated by a federal agency.Check to see if any of your business activities are listed here, and then check with the right federal agency to see how to apply.Requirements and fees depend on your business activity and the agency issuing the license or permit. It's best to check with the issuing agency for details on the business license cost.State licenses and permitsThe licenses and permits you need from the state, county, or city will depend on your business activities and business location. Your business license fees will also vary.States tend to regulate a broader range of activities than the federal government. For example, business activities that are commonly regulated locally include auctions, construction, and dry cleaning, farming, plumbing, restaurants, retail, and vending machines.Some licenses and permits expire after a set period of time. Keep close track of when you need to renew them — it's often easier to renew than it is to apply for a new one.You'll have to research your own state, county, and city regulations. Industry requirements often vary by state. Visit your state's website to find out which permits and licenses you need.Open a business bank accountA small business checking account can help you handle legal, tax, and day-to-day issues. The good news is it’s easy to set one up if you have the right registrations and paperwork ready.Benefits of business bank accountsAs soon as you start accepting or spending money as your business, you should open a business bank account. Common business accounts include a checking account, savings account, credit card account, and a merchant services account. Merchant services accounts allow you to accept credit and debit card transactions from your customers.You can open a business bank account once you've gotten your Federal EIN. Most business bank accounts offer perks that don't come with a standard personal bank account. Protection. Business banking offers limited personal liability protection by keeping your business funds separate from your personal funds. Merchant services also offer purchase protection for your customers and ensures that their personal information is secure. Professionalism. Customers will be able to pay you with credit cards and make checks out to your business instead of directly to you. Plus, you'll be able to authorize employees to handle day-to-day banking tasks on behalf of the business.Preparedness. Business banking usually comes with the option for a line of credit for the company. This can be used in the event of an emergency, or if your business needs new equipment.Purchasing power. Credit card accounts can help your business make large startup purchases and help establish a credit history for your business.Find an account with low fees and good benefitsSome business owners open a business account at the same bank they use for their personal accounts. Rates, fees, and options vary from bank to bank, so you should shop around to make sure you find the lowest fees and the best benefits.Here are things to consider when you're opening a business checking or savings account:Introductory offersInterest rates for savings and checkingInterest rates for lines of creditTransaction feesEarly termination feesMinimum account balance feesHere are things to consider when you're opening a merchant services account:Discount rate: The percentage charged for every transaction processed. Transaction fees: The amount charged for every credit card transaction.Address Verification Service (AVS) fees.ACH daily batch fees: Fees charged when you settle credit card transactions for that day. Monthly minimum fees: Fees charged if your business doesn't meet the minimum required transactions. Payment processing companies are an increasingly popular alternative to traditional merchant services accounts. Payment processing companies sometimes provide extra functionality, like accessories that let you use your phone to accept credit card payments. The fee categories that you need to consider will be similar to merchant services account fees. If you find a payment processor that you like, remember that you'll still need to connect it to a business checking account to receive payments.Get documents you need to open a business bank accountOpening a business bank account is easy once you've picked your bank. Simply go online or to a local branch to begin the process. Here are some of the most common documents banks ask for when you open a business bank account. Some banks may ask for more. Employer Identification Number (EIN)(or a Social Security number, if you're a sole proprietorship)Your business's formation documents, Ownership agreements and business license.

Microsoft Office - is the answer!OK if there ever was a question for me this is the one!I simply don’t know why my brain works in this way, but it does:My eyes and ears feed ideas to my brain and my brain analyses the stuff on its way in. I don’t know why it gives me business ideas, but it always has done and in my mid 30’s it told me that I should be running my own businesses. I grew up in a family where my mum and dad ran their own businesses and I guess this was a big part.It doesn’t always work like that because my son Gideon has developed in a different direction - he studied Chemical Engineering at University and immediately afterwards he started a management career in the finance industry.My daughter wanted to dance and went to dancing school - many years later she got involved in managing a recruitment operation providing nursing expertise on a rota basis. She is now starting her own business in the same environment.Noella my wife runs her own dancing school and lives a life of theatre and dance.SO, WHAT WAS IT THAT LED ME INTO CONTROL OF MY OWN BUSINESSES?At the time I was working as Business Planning Manager for Rank Xerox UK. My role was to develop a new strategy for the field engineering operation. I had previously done this for Olvetti the Italian typewriter company. + for some years I had been UK Director of the Association of Field Service Managers International (this led me into speaking about field service on both sides of the Atlantic. During this period John Bache OBE retired ex-director of IBM UK became my mentor - and later became also a Director of my businesses.------------------------------------------------------------------------------------------------------Confidential Document V6 Example Business plan Prepared for……….The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose any individual to a significant risk of losing all of the property or other assets invested.This communication is exempt from the general restriction in section 21 of the Financial Services and Markets Act 2000 on the communication of invitations or inducements to engage in investment activity on the grounds that it is made to certified high net worth individuals. A certified high net worth individual is one who satisfies the criteria and who has signed a certificate in the form set out in schedule 5 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 see attached.If you are in any doubt as to the action to be taken, you are recommended to seek immediately your own personal financial advice from a person authorised under the Financial Services and Markets Act 2000 specialising in advising on the acquisition of shares in unquoted private companies.e-bikes business plan author Richard Grace –follows: 15 pages totalUK e-bikesBusiness PlanA Start-up Business with a winning combination of expertise and circumstantial advantage. This business plan addresses an opportunity to change dramatically the way e-bikes are marketed throughout the UK. Fast enough to become market leader within 2 months. Low start up and running costs lead to significant profitability within 6 months. Growth in UK market expected +30% per annum over next 5 yearsThe rapid route through break even to profitability is driven by a detailed high impact marketing campaign. Entry barriers for copycat competitive attack are built in due to circumstantial advantage.Prepared by:Richard Grace (serial entrepreneur) (www.calfpath.co.uk)The rights to distribute this document are restricted by the confidentiality agreement receivedUk e-bikes Plan index1. The Executive Summary (The idea and business model) p 3-72. The Detailed Business Plan p 8-93. Marketing, Management and Professional Advisors p 10-114. Risk and Opportunity analysis + at risk costs yr 1 p 125. Finance and funding p 13-14Appendix: (Available on request to confirmed interested parties)Appendix 1: CV’sAppendix 2: Financial DataNotes to financial forecastCash Flow Forecast Year 1Balance Sheet at End of Year 1Profit and loss forecast Yrs 1-3Appendix 3 technology explanation and future predictions regarding impact of legislation1. Executive Summary (How THE BUSINESS MODEL “The idea” WAS FORMED)Richard Grace has spent 15 years in corporate management and 25 years as a serial entrepreneur having started and run domestic and international businesses in reprographics, computer consumables, e-commerce and construction markets. For some years Richard has studied the development of the rapidly emerging market for electric bikes worldwide. Using “Google alerts” (key phrase search tool) this tool as formatted auto directs every development in product and markets for e-bikes from all parts of the world direct to Richards inbox.An established market in both man-powered and motorised bicycles has existed for many decades and is mature. Engines have been traditional and all previous powered bikes have attracted taxation and mandatory insurance. The development of electric motors and lithium batteries over recent years have led to the emergence of electric powered bikes as a competitive, attractive, quiet clean and economical alternative to existing transport both for leisure and commuting. Governments have no plan to tax this form of transport currently.Quote from BBC News March 2013-08-01“Millions have been sold in China and the machines are popular in parts of continental Europe - selling about 300,000 a year in Germany and 175,000 in the Netherlands. In the UK sales stand at about 20,000.”The e-bike market is currently growing in the UK at +30% having reached £30-40m pa.This is lagging behind many countries where e-bikes have been adopted faster. This plan addresses the comparative low growth in our market e.g. US market expanding at 60% and proposes a totally new approach to marketing which makes the product easy for consumers to see touch and test in a family orientated low cost environment.Put simply the e-bikes business model is to offer all significant brands at suitable locations where the products can be viewed, sampled tested and compared hands-on.The locations will offer a “family friendly” environment with indoor and outdoor test tracks, café, accessories and expert advice.The first location planned is to be in the North West at Pulford Chester. Close to motorway M56 junction 13. And adjacent to Eaton Hall the home of the Duke of Westminster.Note:Major-General Sir Gerald Cavendish Grosvenor, 6th Duke of Westminster, Bt. KG CB CVO OBE TD CD DL (born 22 December 1951), is the son of Robert George Grosvenor, 5th Duke of Westminster, and his wife Hon. Viola Maud Lyttelton. He is the owner of property company Grosvenor Group.According to the Sunday Times Rich List 2012, the Duke of Westminster is worth £7.35 billion, placing him seventh in the list[1] and making him the richest British-born person. (5 months older than me but considerably more wealthy so-far!)The Pulford location (see CH4 9DG on Google earth) offers 2,500 sq m of indoor space for showroom, cafe and indoor test track/circuit including a short 10-degree incline. Outside will be parking for 50 vehicles and an outdoor test track of two miles including sharp steep incline and long slow incline up and down to the River Dee through farmland. E-bikes and accessories will be offered for sale with expert advice in an environment where the family activities will be offered providing a buying experience for e-bikes unrivalled anywhere else in UK.This approach addresses all the reasons why UK is lagging behind other developed countries in the e-bike market.Stage 2 and following learned information from consumers at the Pulford site site 2 will be opened close to M25 west (A3 junction area – tentative negotiations underway), Future operations in Scotland and Wales should not be ruled out.The approach of providing multiple choice (all leading brands and test facilities) will attract all those interested to visit, spreading the word and leading to total domination of the UK market.Negotiations regarding the Pulford site are at a very advanced stage and investors are being sought to finance this plan. Investors are encouraged to show an active interest in the business development. The ROI / dividend for investors is targeted at 20% per annum leading to full capital payback in 5 years and an ongoing income stream from the market leading company in a market expected to grow by 40% + in the foreseeable future. Of course if the company is sold or floated on the market rewards could be larger.How the idea was bornUK e-bikes is based on a unique idea from Richard Grace. Born from the typical circumstances of luck and interest in the technological advancement of e-bikes throughout the World. In 2005 Richard Grace re-located the family business Garden Structures Ltd design and manufacturing to Lyndale Farm in Pulford Chester. The farm is located adjacent to Grosvenor Estates and borders the River Dee East of Chester City (one of the UK’s premier tourist locations on the Welsh Border).The farm owner George Ashworth is better known to some for his involvement with Bolton Wanderers football club. Due to high competition in his core business (chicken farming), the bird flue scare and his desire to retire George closed down the chicken farming activity and gifted the farm assets to his children.Richard was first to occupy one of the unused buildings for use as Garden Structures Ltd Office and workshop / manufacturing facility. Since 2005 all the other buildings on the site (bar one) have become occupied by a variety of local engineering businesses. In 2009 Richard installed a fixed line telephone system and broadband network on the site after a significant battle with open-reach which culminated in a favourable decision made in the House of Commons. (The site was classed as derelict and did not qualify for fixed line installation).Today only one building remains unoccupied (by far the best one) a 25m * 100m single spans building which can be seen from outer space. A huge shed with full services insulated superbly with vehicle access and parking for 50 + visiting vehicles. This building, which cost £400,000 when first constructed is in virtually unused condition “ready to occupy” and lies at the heart of the Uk, e-bikes marketing idea.An exclusive agreement has been reached between Richard and the Ashworth family for UK e-bikes to occupy this building with immediate effect. (subject to contract)The plan includes minor alterations - some partitioning to create a show and café area + the first e-bikes indoor test track in the UK.Outside a longer test track will be created making use of existing farm tracks and construction of a steep ramp in to demonstrate the increasing power of the modern batteries used to power the highly developed motors currently provided with e-bikes.In a one-stop shop e-bikes UK will offer:1.The widest choice of all brands and models available2.The opportunity to see, touch, feel and test indoor and outdoor these amazing products3.A family orientated environment with off-road parking in a very attractive location + café + expert advice and accessories.In short e-bikes UK will take this fragmented market by storm on opening day planned for November 2013 in time to catch the Christmas marketing opportunity for a very attractive stocking filler.There is no identified uk competition to this proposed facility.The marketing plan will propel UK e-bikes rapidly to critical mass and a commanding position erecting solid barriers to competitive entry.Market research shows potential for over £13m revenue in year 1 At 30% market penetration and expected market growth +30% the annual turnover will exceed £50m before the end of year 5. With total operating costs at under 80% of this profit before tax in 2018 is forecast at £10m .Start-up finance of £350,000 including £50,000 of contingency is needed for Initial stock purchase, modification to the building infrastructure and business infrastructure IT, website, e-commerce facility, Launch PR campaign and consultancy.This plan shows profitability from Month 2 rising as the market grows naturally and UK e-bikes establishes its leading position.2. The Detailed Business PlanAbout the conceptIn UK the e-bike market is immature with few specialist outlets (see The bikes for people who don't cycle) Typically existing bike shops may stock one or two models from a single manufacturer i.e. “traditional dealerships”. The products are not all available on the web where no supplier offers a wide range and price competition is weak.The obvious difficulty with e-commerce is that this emerging product cannot be seen and tested.In order to overcome the “show rooming” effect UK e-bikes will sell at competitive prices from day 1 ensuring that customers are aware of full after sales service and accessory availability from one source without a threat from Amazon, ebay and other large e-commerce outlets. This must remain a fundamental part of the business strategy.Since Greenhouse published their predictions and review of the world e-bike market in 2010 the market has outstripped their predictions and there are estimated to be 50 million e-bikes on the worlds roads today, although only a tiny proportion of this is here in the UK it is estimated that uk-ebikes has the real potential to sell £15 million value in year 1 and up to £100 million value in year 5. Truly astounding potential to sell a developed reliable and proven life style orientated product.To re-cap on the model:·UK e-bikes has a consequential advantage over all other e-bike suppliers in UK at start-up·The existence of the premises arrangement is the key·The market exists and all research confirms a significant “hole”Market Data (source RJG research)Market £m currentGrowth fcast %Units p/a CurrentUnits p/a 2018 fcastChina109,000,00015,000,000Germany48020300,000500,000Holland28030175,000300,000UK403529,00083,000US1954567,000670,000The total annual revenue forecast from uk e-bike sales in 2018 is estimated at £133 million.Once successful in the first location the directors can reproduce the effect in South, Scotland and Wales giving full UK access to UK-e-bikes winning concept3. Marketing Management and Professional AdvisorsMarketing the company will be carried out by press releases, email programmes, web and social media. Consultants have been identified specialising in each of these areas and a budget included in the financial forecasts.ManagementAn experienced manager will be sought immediately (not yet identified) to lead the operation with experience in retail of similar products (Ex Halfords top store manager would fit the bill). Investors are expected to take an active interest in the business as appropriate to their availability and potential to add expertise.Professional AdvisorsDavid Henshaw (the market in UK for electric bikes)Writer and editor – specialised in folding bikes since 1993 and electric bikes since 1999 published “Electric Bikes” in 2010. Owns and manages the database of worldwide electric bike manufacturers. Has contacts and knowledge of the market and relevant press.Gary Jones (Law)Gary Jones of Weightmans (one of the North West’s Leading Corporate Lawyers) is advising on all aspects of the start-up and investor plans.Richard GraceRichard as author of the plan is taking a current very active role in development, expects to invest some £35K however does not wish to take an active role in day-to-day management of the business. (Due to other direct hands on commitments in his fast growing Garden Structures business).Richard is prepared and would like to consult on all aspects after sale service. Has very significant experience in this area including organisation of spares, servicing, maintenance plans, customer satisfaction monitoring etc.Jonathan BellisConstruction Project Management Consultant and Chartered Environmentalist. Advisor on premises alteration, site safety and track construction and environmental issues.Darren JohnsonDarren is an SC Cleared I.T. professional with 29 years I.T. experience covering Aerospace, Banking, Insurance, Manufacturing, Sales, Hire, Police and Software Houses.He has extensive knowledge in Payment Systems, Management Information Systems and Process Management.Professional advice strategyUK e-bikes will continue the strategy of taking professional advice on where necessary in this fast moving business. It is envisaged that Finance, Marketing and Internet / IT will be key issues.4. Risk and opportunity analysisCompetitive company appears using same model.Unlikely due to cost of establishing premises and test track before uk-e-bikes achieves dominationTarget market will not respondSome risk but research suggests lowMen in Lycra brigade will objectThey are getting older and will change their mindsInternet sales / “show rooming” will take biggest share of market.Mitigated by uk-ebikes low operating cost strategyNote: Potential buyers have been research questioned and are keen to visit the centre when open almost 100%. The target market is all but in particular commuters and outdoor types who don’t want to peddle hard.Marketing promotion and IT consultancy cost Yr1Marketing Budget£Website Development£10,000Public Relations Consultancy£10,000Email Programme ongoing “returnpath”£10,000Subtotal£30000Software development and consultancy£20,000Total£50,000The marketing plan will be implemented and results carefully measured. The majority of sales will be made in house or by e-commerce payment will taken predominantly by card or direct bank transfer. Accounts will be kept up to date.5. Forecasts / FUNDING and Financial DataSales ForecastThe sales forecast is based on a 30% penetration of the growing target market in the first ten months. This is supported by experience gained from similar projects marketed in the same way.Cash Flow ProjectionsThe cash flow projections for year 1 (see Appendix 2) show that after the £350,000 cash input from Investor funds and the business will be generating positive cashflow from month 3. A contingency of £55,000 is built in.Profit and Loss Account £ millionsThe company expects to make a substantial pre-tax profit in the first billing year of £2.32m (see Appendix 2 and the summary table below).Projected P/L account in Years 1 to 3 (£m)Year 1Year 2Year 3Turnover£14.40£21.60£32.40Cost of Sales£10.08£15.12£22.68Gross Profit£4.32£6.48£9.72Less Expenses£2.0£2.5£3.0Profit Before Tax£2.32£3.98£6.72- Startup costs£0.3£0.0£0.0Balance SheetThe balance sheet at the end of year 1 (see Appendix 2) shows a healthy surplus of current assets over current liabilities.1.Financing RequirementsFunds Required and TimingThe major investments to make are in stock, marketing and IT infrastructure. The building is available without long-term commitment, without necessity to spend hugely on alteration. The initial layout and design of internals and tracks is done with the help of David and Jon The immediate expenditure is detailed and shown in the cashflow first four months. (see appendix 2)Funding OptionsVenture capitalCrowd fundingContact based private equitySupplier Credit (possible from some suppliers tested)Target funding required £350,000 including £50,000 contingencySummaryA winning idea in a fast growing market driven by people who don’t want to peddle. Lithium batteries are improving in power to weight ratio driven by both the Green thing, the growth in electric vehicles as a whole and last but not least it is a combination of circumstance luck, innovative thinking, understanding human behaviour and simple analysis over time.Business plan written and devised by Richard Grace serial entrepreneur and author of many winning plans over the last 40 years.Further info and contact detail:Anyone interested in funding or participation should contact Richard Grace or Gary Jones for more information and to register interest formally.Email [email protected] mob 07811 322967 Office 01244 679502Ends – second and third documents “legal requirements” attached to same emailRichard Grace - Retired Serial Entrepreneur - UK Pinterest ExpertThats it - Just a few clicks! + one more right here!Pinterest for Business Marketing Expert UK Specialist