Establishment of a Business Form - Sample

 Travel Micro Credit is a limited liability company that offers micro loans to individuals who would want to satisfy their travel goals. Being one of the most popular micro lending companies in the country, we are extending our business to operate a franchised business. We aim to globalized our business by putting up several satellite offices across the globe, this is to ensure that we improve not only the company’s profitability but also its growth rate.

The business will provide financial needs to individuals who aims to pursue their travel goals that were not materialized because of the restrictions and financial issues related to COVID19 pandemic. The borrower can travel and pay for the borrowed amount in installment until the liability is paid off on or before its maturity. By providing this, the business should be able to satisfy the customer’s goal while earning.

“The most important reason you might want to operate the Franchised Business through an entity (instead of as a sole proprietor) is to shield yourself from personal liability for the debts or other obligations of the Franchised Business. A C-corporation, an S-corporation or an LLC all offer this type of protection.” (Vinson, n.d.) The business is structured as LLC to ensure that the investors and stock holders are protected and that the franchised business will grow and profitable. So, instead of losing more time searching for good investment, you now have this in your hands. A business for all is the investment you need, what are we waiting for? Let’s join hands and make this business grow.

Reference:

Vinson, K. (n.d.). Establishment of a Business Form. FranMan. https://franman.net/establishment-of-a-business-form/