Small Business Idea: Beautiful Beginnings
Small Business Idea: Beautiful Beginnings Name ACC 561 Business Law Date Facilitator
Small Business Idea To begin a new business, there must be an initial idea for a specific business plan. The business plan will provide the essential guidelines that explain what services or products that business would want to provide, the action behind the selection of that business for specific product, and the financial statements that define the connections of the organization. With this small business idea, a business must take into consideration, which of the four forms of a business organization is the best fit for its product or service rather it legal, tax, accounting, and other implications. Opening a childcare facility requires specific legal consideration with the first being the selection of a suitable business entity. Childcare and daycare are similar but terms can be interchangeable. The IRS has special tax rules for home daycares but IRS declarations refer to expenses for childcare ("Starting a Child Care Business.", 2013). [Your introduction nicely provided the context for your paper and helped set the stage for what you would discuss.] Small Business Service Many adults seek the best childcare when there is involvement in the workforce. Parents want to ensure their children are receiving the best in early childhood education as well as good nutritional diets to support a healthy start in their children’s lives. A business must consider the location, the times that most people are seeking childcare and what parents will be most comfortable feeding to their children to keep those children healthy and strong. This small business plan will focus on childcare for small children, their development in early childhood education, and the child’s nutritional needs. This childcare facility will consist
Small Business Idea To begin a new business, there must be an initial idea for a specific business plan. The business plan will provide the essential guidelines that explain what services or products that business would want to provide, the action behind the selection of that business for specific product, and the financial statements that define the connections of the organization. With this small business idea, a business must take into consideration, which of the four forms of a business organization is the best fit for its product or service rather it legal, tax, accounting, and other implications. Opening a childcare facility requires specific legal consideration with the first being the selection of a suitable business entity. Childcare and daycare are similar but terms can be interchangeable. The IRS has special tax rules for home daycares but IRS declarations refer to expenses for childcare ("Starting a Child Care Business.", 2013). [Your introduction nicely provided the context for your paper and helped set the stage for what you would discuss.] Small Business Service Many adults seek the best childcare when there is involvement in the workforce. Parents want to ensure their children are receiving the best in early childhood education as well as good nutritional diets to support a healthy start in their children’s lives. A business must consider the location, the times that most people are seeking childcare and what parents will be most comfortable feeding to their children to keep those children healthy and strong. This small business plan will focus on childcare for small children, their development in early childhood education, and the child’s nutritional needs. This childcare facility will consist
References: Kimmel, P.D., Weygandt, J.J., & Kieso, D.E. (2009). Accounting: Tools for business decision Making (3rd ed.) Hoboken, NJ: John Wiley & Sons. Starting a Child Care Business. Make sure you have thought through the legal issues involved in starting a child care business. (2013). Retrieved from http://www.nolo.com/legal-encyclopedia/starting-daycare-business.html