Business Plan Essay Example | Topics and Well Written Essays - 1000 words - 9

Business Plan - Essay Exampleorporate personal matters Commission (CAC)the national regulatory body in charge of registration and monitoring of limited liability companies operating at national and international levels. A board of directors comprising 3 directors with limited share holdings allow be reconstituted to meet the requirements of CAC.All Stars is entirely into agricultural production. The company purchased a plot of land in a settlement in Toro Local Government Area of neighbouring Bauchi State for the construction of fish ponds, blood line house, and 2 small warehouses. The companys farm is set(p) in another village in Bassa Local Government Area of Plateau State. The choice of the location was influenced by factors such as approachability of cheap land and proximity to natural stream for perennial source of water. An administrative office is located in the city-centre of Jos. Except for animal feed concentrates and fertilizer, all other inputs and supplies are sour ced locally within the village community.The business is currently financed using personal savings. Thus far over $8,700.00 has been invested from this source. To expand the business, however, the company has want for a loan of $12,711.00 from 2 banks. This loan is payable in one year. The interest rate on the loan component from a private commercial bank ($8,474.50) is 17% while that on the opinion component from an Agricultural and Cooperative bank ($4,236.50) is 8%. The transformation of the business into a Limited indebtedness Company will require constitution of a board of director. Each member of the board is evaluate to have limited number of shares as provided by law. This will also raise the running corking for the business.All Stars Farms is essentially into agribusiness. It has 3 major sections the fish farm, a livestock and vegetable farm. The companys production is seasonal and mainly for the open market. There is no plan for processing in this configuration of the companys expansion. Therefore, profitability of