WE WELCOME THE OPPORTUNITY TO DRAFT YOUR BUSINESS PLAN

WHY DO YOU NEED A BUSINESS PLAN?

A business plan is an important tool that allows a new business to map out the following 3 key elements:

  1. What the business wants to do
  2. How the business is going to do it; and
  3. When the business is going to do it

While a business plan may seem like an administrative burden, many of our clients have found that a business plan helps them clarify exactly how they are going to execute their strategy and make the business successful.  The plan will add clarity for the owner but can also be used to obtaining financing, attract investors, support growth, and provide a clear road map to your success.

A business plan will also provide third parties with insight that to your business and may facilitate investor financing and/or loans from banks or others.  Investors and banks expect to see a well thought out and comprehensive business plan and will often use the business plan as one of the primary documents to evaluate the potential of a start-up business.

Click Here to See Our Articles and Guidance on Business Plans

WHAT CAN SCOTT LEGAL, P.C. DO FOR YOU?

Scott Legal, P.C. has prepared hundreds of business plans for our clients.  Our founder is a C.P.A. and M.B.A. and in addition to graduating from Harvard Law School, he worked in an investment bank for over 10 years.  You will have an experienced business professional working on your business plan and you will be able to take comfort that we will be able to understand your business and add valuable insight to the process that will help you build your business.

At Scott Legal, P.C., we have drafted hundreds of business plans for various types of entities. You can see some of the business entity types we have drafted business plans for below.

There are a few popular Immigration Visas where you are required to put together a comprehensive business plan and the E-2 Treaty Investor Visa, L-1 Visa and the EB-5 Visa are good examples.  These Visas are often granted (or denied) primarily based on your business plan and the plan is not something that you can gloss over.  This is particularly the case if you are submitting and EB-5 application to United States Citizenship and Immigration Services (USCIS) as the Immigration Courts have held that the business plan must adhere to stringent standards.

We have also drafted business plans for start-up client who want to attract investor funding and or obtain financing from banks or others.

Click Here to Contact Us to Find Our More About Our Business Plan Services
Click Here to Find Out More About E-2, EB-5 or L-1 Business Plans

WHAT ARE THE KEY COMPONENTS OF AN EFFECTIVE BUSINESS PLAN?

Executive Summary

A one page description of who you are, what you sell and who you will sell to.  You should also include a brief summary of financial projections and any other relevant factor that makes your business stand out. This is the first thing that someone will read and in some cases the only thing.

Description of Business

A description of the business, what the business produces or the services provided and the objectives of the business.  In addition, where relevant or applicable, the plan should describe the manufacturing or production process, the inputs required, and the supply sources.

Competition Evaluation and Assessment

A comprehensive market analysis that includes an assessment of competitors (names and why you can compete with them) along with the strengths and weaknesses of these competitors.  This has to be a detailed analysis that includes financial data and looks at the competitors product, service and pricing structure.

Market Assesment & Research

You must describe your target market and who you expect to buy your product or service and why.  We will conduct market research and add it to your plan. In addition, you should also detail any business that you have already secured and describe executed contracts.  To the extent contracts have been executed, the specific terms and detail should be included in the plan.

How You Will Get Clients?

You must provide a comprehensive overview of the marketing strategy of the business, including pricing, advertising, and how you will provide your products or services.  You should detail the exact forms of marketing (eg. Google Ads, Newspapers, etc.) as well as the strategy.

Who Will You Hire?

A detailed personnel plan is also required that outlines the business’s organizational structure and personnel. You should detail both current and future hires along with pay, job description and benefits.

Financial Data

Your plan must include a significant amount of financial data including sales, cost/expenses, balance sheet, cash flow, and income projections.  You should also include all relevant assumptions that explain how you came up with the information.

ENTITY TYPES WE HAVE PREPARED BUSINESS PLANS FOR

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Grocery Store
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Gas Station
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Mobile Application Company
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Technology Start-Up
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Yoga Studio
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Real Estate Broker
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Law Firm
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Management Consulting Firm
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Gym
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Gas Station
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Restaurant
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Sports Club
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Franchise
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Home Renovation Business
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Construction Company
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Drug Addiction Clinic
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Book Store
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Coffee Shop
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Recruitment Business
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Manufacturer
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Cabinet Maker
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Catering Company
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Accounting Firm
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Teaching School
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IT Consulting Company
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Mobile Application IT Developer
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Photographer
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Hypnotherapist
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Investment Advisor
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Manufacturing Companies
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Import Export Companies
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Investment Brokerage Firms

OUR BUSINESS PLAN ARTICLES

How Do I Explain Revenue Projections in a Business Plan? The Explanation of Revenue Projections in a Business Plan.

May 16th, 2017|0 Comments

A business plan is a document that can be used for obtaining a loan from a bank, attracting investors to invest in your business, [...]

What is a Business Plan? Do I need a Business Plan for my E-2 Visa Application? Do I need a Business Plan for my L-1 Visa?

April 25th, 2017|0 Comments

The E-2 visa can be granted to certain foreign nationals who want to invest in and start a business in the US that would [...]

  • Image courtesy of YouTube, labeled for reuse, https://i.ytimg.com/vi/K9XQ9NymJh0/maxresdefault.jpg

Why Hiring a Lawyer to Draft Your Business Plan Can Increase Your Chances of Approval for an E-2 Visa

May 3rd, 2016|0 Comments

Abbreviations, jargon, and buzzwords.  Every profession is plagued with obscure, industry-specific vocabulary.  We routinely use these terms and phrases and because careers are such [...]

¿Necesito un Plan de Negocio Para Obtener la Visa L-1?

January 13th, 2016|0 Comments

Quiero patrocinar a un empleado para una visa L-1. ¿Necesito un plan de negocio para mi compañía? Si, generalmente, todas las peticiones para la L-1 [...]

How To Develop an EB-5 or E-2 Visa Immigration Compliant Business Plan

November 5th, 2013|4 Comments

For every Business Owner, Investor & Entrepreneur, the thought of putting together a business plan is very daunting but is often a necessary evil [...]

Key Tips for Developing Business Plans for Entrepreneurs, Investors & Business Owners

January 29th, 2013|1 Comment

This Article was recently featured & published by the New York State Bar Association. For every Business Owner, Investor & Entrepreneur, the thought of [...]