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This section is especially useful to give context to the rest of your plan, and can also be very useful for internal pla...
26/11/2021

This section is especially useful to give context to the rest of your plan, and can also be very useful for internal plans. The company history section can provide new employees with a background on the company so that they have a better context for the work that they are doing and where the company has come from over the years.

If you are writing a business plan for an existing company, it’s appropriate to include a brief history of the company a...
26/11/2021

If you are writing a business plan for an existing company, it’s appropriate to include a brief history of the company and highlight major historical achievements. Again, keep this section short—no more than a few paragraphs at most.

Be sure to provide a review of how the business is owned as well. Does each business partner own an equal portion of the...
26/11/2021

Be sure to provide a review of how the business is owned as well. Does each business partner own an equal portion of the business? How is ownership divided? Potential lenders and investors will want to know the structure of the business before they will consider a loan or investment.

Your company overview should also include a summary of your company’s current business structure. The most common busine...
26/11/2021

Your company overview should also include a summary of your company’s current business structure. The most common business structures include:

LLC
C-corp
S-corp
Sole proprietor
Partnership

But, if you have intellectual property that is proprietary to your business and helps your business defend itself agains...
26/11/2021

But, if you have intellectual property that is proprietary to your business and helps your business defend itself against competitors, you should detail that information here. If you have patents or are in the patent application process, this is the place to highlight those patents. Equally important to discuss is technology licensing—if you are licensing core technology from someone else, you need to disclose that in your business plan and be sure to include details of the financial relationship.

This mostly applies to technology and scientific ventures, so just skip this if you don’t need to discuss your patents a...
26/11/2021

This mostly applies to technology and scientific ventures, so just skip this if you don’t need to discuss your patents and other intellectual property.

26/11/2021
26/11/2021

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