Introduction[ edit ] A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals. The business goals being attempted may be for-profit or non-profit.
Indeed, the private sector is the country's chief economic force, but it needs government regulation. The government exercises its authority several ways.
Permission to Form Most businesses need to register with a state government to operate. Corporations need a charter, and other forms of businesses, such as limited liability companies or partnerships, need other forms of registration. The function of this registration is usually to define the financial liability the owners of the company have.
It limits their risk to the amount they have invested in that particular organization.
Registration also allows the government to monitor companies to execute its other functions in the business world. Contract Enforcement Businesses contract with other businesses.
These contracts may be complex, such as mergers, or they may be as simple as a warranty on supplies purchased. The government enforces these contracts. Companies bring one another to court just as individuals do. An oral agreement can constitute a contract, but usually only a written agreement is provable.
If one party fails or refuses to meet its obligation under a contract, a company will turn to the legal system for enforcement. When a vendor fails to honor the guarantee, the purchaser has recourse in the law. Likewise, when a product causes harm to an individual, the courts may hold the vendor or manufacturer responsible.
Labeling is another requirement the government imposes on marketers. Many foods, for example, must display nutritional content on the packaging.
However, the consumer movement still needs considerable development to protect the public. Employee Protection Many state and federal agencies work to protect the rights of employees. Its mission is to ensure a safe and healthful work environment. The Equal Opportunity Commission protects employees from discrimination.
Thus, it is the government's role to regulate industry and thereby protect the public from environmental externalities. Whether the government is effective in this role is a matter of much discussion.
The Gulf oil spill of has been cited as evidence of lax oversight. Taxation Governments at all levels tax businesses, and the resulting revenue is an important part of government budgets.
Some revenue is taxed at the corporate level, then taxed as personal income when distributed as dividends.
This is in no way inappropriate, since it balances the tax burden between the company and individual and allows the government to tax more equitably. Investor Protection Government mandates that companies make financial information public, thereby protecting the rights of investors and facilitating further investment.
This is generally done through filings with the Securities and Exchange Commission. Whether federal regulation has been adequate is a matter of much debate.Building your own business from the ground up is an exciting opportunity, but it can also be challenging.
Follow these 10 steps to starting a business. You’ll learn about writing a business plan, determining the legal structure of your business, and more.
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Office U.S. Government E3 and Office U.S. The priorities and work programme depicted in the Business Plan contribute to the Department’s role of serving and connecting people, communities and government to build a safe, prosperous and respected nation.
For government agencies, adding a service or expanding what you provide to your constituents – like a new website with document downloads – can also be daunting.
Organic Growth and M&A Analysis: If you have a plan to grow your business by X percent per year, you need to consider whether it will all be from organic growth (where you .
The Public Inspection page on rutadeltambor.com offers a preview of documents scheduled to appear in the next day's Federal Register issue. The Public Inspection page may also include documents scheduled for later issues, at the request of the issuing agency.
Federal Government Policies and Resources. The Government maintains several websites containing information about the federal small business program, as well as .