Wednesday, May 6, 2020
Business Plan For A Business Essay - 920 Words
Starting a business can be very expensive and one way to defer some of those costs would be to take on a partner. A partnership exists when at least two owners go into business, but have not filed papers to the state to become a company. (Laurence) Our business should consider a general partnership where profits and liabilities are divided and shared equally. For example, the cost of ownership or leasing would reduce 50% for each partner. In addition to having a partner we should consider the Part 135 Certificate. This certificate places our airplane on a professional charter, which will enable our business to hire out our services during down time. (Shoreline Aviation Worldwide Charter FBO Services, 2013) An operator working for the charter ââ¬Å"markets and sells time on our aircraft and has the expertise and clientele to readily fill available time-frames, while managing all related Part 135 requirements.â⬠(Shoreline Aviation Worldwide Charter FBO Services, 2013) This no t only frees up our personnel, but also the added bonus enlists a service that has already built up their clientele. This could stand to be a huge savings to our business by helping to defer costs of operations, taxes and maintenance. The aircraft and hanger purchases are one-time purchases and the other support element costs are annual costs. Potential annual savings to have a partner total $717,500. Support Element Cost Partner Gulfstream G550 $53,500,000 $26,750,000 Hanger $30,000 $15,000 OperatingShow MoreRelatedBusiness Plan For A Business1223 Words à |à 5 Pagesyour own business is to prepare a business plan. 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