MGT 315 CSU Arcadian Cafe Will Be a Limited Liability Company Plan

Portfolio Project, Option 1- Bus Plan PortionPart 2 – Project: Domestic Business Plan – Need in 2 weeks by 1/30/22
As an entrepreneur, you want to start a business. You know that the first step is to consider drafting a business plan to organize all of
your ideas. For this assignment, you will be submitting a business plan for your imaginary business. For research purposes, you can
choose any state for the location of your business. Your business plan should include the following:
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Introduction of the proposed business/executive summary
o The executive summary is often considered the most important section of a business plan. This section
briefly tells your reader where your company is, where you want to take it, and why your business idea
will be successful. If you are seeking financing, the executive summary is also your first opportunity to
attract a potential investor’s interest.
o The executive summary should highlight the strengths of your overall plan and therefore be the last
section you write. However, it appears first in your business plan.
Identify and describe the type of business entity that is best for your business.
o Examples may include partnership, limited liability company, or corporation, for example. (For
purposes of this assignment, you should NOT choose a sole proprietorship for your business entity.)
o Defend your choice of business entity (this may include advantages/disadvantages of the selected type
of business entity based on your business concept).
Describe the specific legal steps needed to be followed to successfully start the business.
o Note: Steps will vary, depending on the type of business you choose and the state in which you are
located.
o Good sources of research for this area include the following:
▪ Textbooks
▪ Review for information on the business formation
process https://www.findlaw.com/smallbusiness/incorporation-and-legalstructures/business-formation-quickstart.html
▪ The https://www.sba.gov/ will be helpful; it includes information on how to start a small
business.
Recommend and describe an appropriate written agreement for the particular type of entity chosen.
o Examples: Articles of incorporation, articles of organization or partnership agreement.
A draft of a valid contract with a vendor, supplier, or customer, for example, that illustrates all elements of a contract
and takes into consideration some of the topics discussed in Modules 6 and 7
o As a reminder, you are to draft your contract. Do not use templates found on the internet or elsewhere.
The use of these templates will dramatically impact your similarity index score and more importantly, it
does not fulfill the requirements of the assignments nor demonstrate your knowledge of the material.
Explain potential ethical considerations for your business, including any social responsibility plans or attitudes that
your business will embrace.
Describe a possible disagreement that could be encountered among the partners or investors and shareholders.
Recommend potential resolutions (referring back to the formal documents, such as the articles of incorporation or the
partnership agreement).
o Examples could include the introduction of a new product line, borrowing money for expansion, or an
advertising campaign.
Determine how the business would be terminated if the disagreement between the board of directors, shareholders, or
partners could not be resolved.
Your well-written plan should be eight to ten pages in length, not including the title or reference pages. Headings and subheadings
may help you organize your work. Include at least four academic or other legitimate sources to support your findings, not including
your textbook. Follow APA 7th edition guidelines.
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Portfolio Milestone
Amy Nellis-Stotmeister
Colorado State University Global
MGT315: Business Law
Dr. Gary Deel
January 16, 2022
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Portfolio Milestone
Option one was chosen for the Business Law portfolio project to create a domestic business plan.
I chose it because it provides a chance to practice a valuable task that may be useful in the future.
It is significantly possible that I will start a small business in the future, and knowing how to
write a domestic business plan will be beneficial. I’m working on a business plan for a casual
cafe named Arcadian Cafe, LLC. The final portfolio project will include subsequent tentative
business proposal components from the following outline.
Outline
Executive Summary
Arcadian Cafe, LLC will be a limited liability company with its headquarters in Colorado
Springs, and it will operate as a limited liability company. The “vegan community” in Colorado
Springs is growing rapidly, bringing new acquaintances and opportunities. The vegetarianism
movement is gaining ground in this town as more people seek out vegan eating establishments.
The combination of investments, innovative marketing tactics, and community demand presents
prospects for profit while promoting positive environmental change.
The company plans to convey a goal and vision centered on ethical business practices
while delivering vegan, consumer-customized “bowl” cuisine. Customers begin by choosing a
grain or sturdy vegetable basis, then add a variety of innovative and tasty vegan toppings to
create a substantial healthy meal that differs from the conventional “boring” vegan food seen on
other restaurant menus.
An essential part of Arcadian Cafe’s corporate objective is to promote ethical and socially
responsible business practices. A vegan menu ensures that ethical sourcing and operations
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remain at the company’s heart. To be vegan means avoiding using animal products or byproducts
to prepare our food and drinks, allowing us to ethically, acquire the ingredients for our dishes.
Arcadian Cafe LLC also supports local agriculture by sourcing its culinary components from
Colorado-based producers they believe in. Marketing, advertising, and the architecture of the
building will include the importance of supporting local businesses.
As a business owner, you have a moral obligation to consider your company’s influence
on the economy, society, and the environment. Restaurant waste and pollution may be reduced
by using minimum biodegradable packaging and solar power panels at Arcadian Cafe. Arcadian
Cafe wants to reuse and repurpose diverse materials to build buildings inside and outside its
Colorado Springs site to save early start-up expenses. The building’s marketing, advertising, and
design will focus on reducing waste and finding new uses for goods that would otherwise be
discarded (Kuna-Marszalek & Klysik-Uryszek, 2020).
As far as possible, Arcadian Café will support the local economy by purchasing from
nearby businesses and reducing its carbon footprint. Arcadian Cafe aims to participate in local
events to spread the word about the health advantages of a vegan diet and enhance our local
community.
Regarding financing, I’m seeking a $15,000.00 investment to help me get a place in
downtown Colorado Springs and get the business up and running. Arcadian Cafe LLC is
expected to lose money in the first year of operation, resulting in a two-year payback period on
the initial capital expenditure. The favorable location of Arcadian Cafe and its growing vegan
clientele are predicted to increase sales by nearly $500,000 in the Cafe’s second year of
operation.
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Business Entity Selection
Arcadian Cafe will be organized as a limited liability company (LLC) to safeguard the
owners’ assets in the event of a disaster (Cunningham & Proctor, 2012).
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Advantages & disadvantages of selecting this type of business entity
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Provide why an LLC was selected based on the advantages outweighing the
disadvantages and ways to overcome disadvantages.
Legal Steps for Starting the business
Choosing a company name that is not already trademarked is one of the first steps in
forming an LLC. I checked the Colorado Secretary of State’s, (2022). website to ensure my
suggested company name, Arcadian Cafe, is not already used. When it comes to founding a
Limited Liability Company (LLC), a simple operating agreement and Articles of Organization
form are all that is required (Coppedge, 2005).
Written Agreements
Next, written agreements such as the operating agreements and articles of organization
need to be completed. An LLC in Colorado is required to develop and submit an operating
agreement and articles of incorporation to the state’s secretary of state (Coppedge, 2005). The
operating agreement outlines the rights and duties of the property owners. Also included are
rules for member buyouts (in the case of a member’s death or incapacity) and the termination of
membership (Coppedge, 2005). These operational agreement components should be thoroughly
described in the agreement to reduce the likelihood of misinterpretations.
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The Colorado Articles of Organization form gives the State information on the company
name, address, registered agent’s name and address, management data, and the owner’s genuine
identity and address (NOLO.com, 2022). The organization is referred to by the term “entity.” In
addition, a registered agent must be appointed for the company. Also included is getting in touch
with the business’s proprietors (NOLO.com, 2022).
Lastly, to finalize the legal steps, the related filing costs must be paid to then wait for
permission and validation from the Colorado Secretary of State to proceed in Colorado State
(Coppedge, 2005). Once the EIN is obtained from the Internal Revenue Service, the business is
ready to be registered as a business (Sullivan, 2000). To complete the process, a bank account
has to be created in Colorado for the new business entity (Sullivan, 2000).
Contract
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A contract for a food supplier will be drafted
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Include topics from the course
Conflict Resolution Strategy
Possible opposition that the business may face could be a partner or shareholder that objects
to the opportunity cost of fulfilling a purpose with a socially conscious emphasis. Indeed, a
restaurant based on ethical principles such as vegetarianism and environmental sustainability
may significantly impact society and the environment. Still, it also comes at a considerable
financial expense. The strategic advantage of Arcadian Cafe is the contrast between firms that
concentrate on reducing costs for themselves and those that reduce expenses for the community,
shareholders, and the Earth. This is not a partner I would be interested in taking on as a
shareholder. A strong sense of morality guides arcadian Cafe’s goal.
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Other potential ethical considerations for the business can be included
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Possible disagreements such as employee disputes
Business Termination Plan
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Determine how the business would be terminated if a disagreement between the partners
cannot be resolved.
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References
Colorado Secretary of State. (2022, January 14). Business Organizations. Retrieved from
ColoradoSOS.gov:
https://www.coloradosos.gov/pubs/business/businessHome.html?menuheaders=2
Coppedge, B. R. (2005). LLC Operating Agreements-Drafting Tips and Traps for the Unwary
(Vol. 19). Prob. & Prop., 19, 44.
Cunningham, J. M., & Proctor, V. R. (2012). Drafting Limited Liability Company Operating
Agreements. New York: Wolters Kluwer. Retrieved from
https://books.google.ki/books?id=94ZODAAAQBAJ&lpg=PP1&pg=PP1#v=onepage&q
&f=false
Kuna-Marszaek, A., & In Kysik-Uryszek, A. (2020). CSR and socially responsible investing
strategies in transitioning and emerging economies.
NOLO.com. (2022). How to Start an LLC in Colorado. Retrieved from Nolo.com:
https://www.nolo.com/legal-encyclopedia/colorado-form-llc-31823.html
Sullivan, R. (2000). The Small Business Start-Up Guide. Great Falls: Information International.
Arcadian
Cafe
For healthy eaters