Business Plan Drafting

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 obtain financing, attract investors, support growth, and provide a clear road map to your success.

A business plan will also provide third parties with insight into 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.

Finally, certain types of visas require a business plan. For example, business plans are often required for E-2 visas, EB-5 visas, and L-1 Visas. The key components of a good business plan are summarized below. Particular focus should be given to the business plan’s executive summary.

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. We also have a Certified Financial Analyst on our staff. You will have an experienced business professional working on your business plan and you will be able to take comfort in the fact 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 for which you are required to put together a comprehensive business plan. The E-2 Treaty Investor visa, L-1 visa, and EB-5 visa are good examples. These visas are often granted (or denied) primarily based on your business plan, so the plan is not something that you can gloss over. This is particularly the case if you are submitting an EB-5 visa 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 clients who want to attract investor funding and/or obtain financing from banks or others.

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 factors that make your business stand out. This is the first thing — and, in some cases, the only thing — that someone will read.

DESCRIPTION OF BUSINESS

A description of the business, what products or services the business provides, 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’ products, services, and pricing structure.

MARKET ASSESSMENT AND RESEARCH

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

HOW WILL YOU 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 (e.g. Google Ads, newspapers, etc.) as well as the marketing strategy.

WHO WILL YOU HIRE

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

FINANCIAL DATA

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

Entity Types

We Have Prepared Business Plans For

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

Business Plan Articles

Business Plans

What Makes a Good E-2 Business Plan? Considerations for Immigration Business Plans

A business plan is a very important part of an E-2 visa application and is required in certain instances.  The plan sets out a description of the business as well as important financial data including an income statement, balance sheet…
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Business Plans

Do I need a business plan for an E-1 visa? If an E-1 Business Plan is not required, why should I submit one? Should I prepare and E-1 Business Plan?

You are not required to submit a Business Plan with your E-1 application, but it still may be a good idea to submit one.  Normally a business plan is required for an E-2 visa as it shows the employees that…
Business Entity Set-Up

Executive Summary of a Business Plan. What Should be Included in the Most Important Part of the Plan?

Business plans are a mandatory and crucial component in the E-2 application process, and all E-2 Treat Investor Visa applications must include a business plan. To learn more about the E-2 visa, please click here. A business plan is used…
Business Plans

How Do You Draft the Personnel Section of the Business Plan? The Personnel Section of a Business Plan Explained.

One of the key sections of a Business Plan is the section that describes the plan to grow or scale the business.  This often involves hiring staff and staff often represent the single largest ongoing expense that a company will…
Business Plans

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

A business plan is a document that can be used for obtaining a loan from a bank, attracting investors to invest in your business, or obtaining an EB-5 Green Card, E-2 Visa or L-1 Visa.  When a third party is…
Business Plans

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?

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 hire US workers. For most applications, a business plan is required to illustrate key aspects of…
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Business Plans

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

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 an important part of our lives, we often take for granted that they are not part…
Business Plans

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

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 deben incluir un plan de negocios para la compañía de los E.E.U.U. Sin embargo, la…