College Es

In: English and Literature

Submitted By vision13new
Words 730
Pages 3
Establishing a Furniture Business
Establishing a Furniture Business

The name of my business is '???? ????' I am interested in establishing a furniture business because I think I can provide goods to sell to customers and other companies at affordable prices. My products will supply comfort and style at work or in the home. The needs and wants I am satisfying are to sell stylish, modern furniture designs (from fitted offices to tables and reception desks to storage space). I think my products will sell because each item is hand-made to individual order so the standard range can be adapted during production to suit each customer's specific requirements.

The products are made from many types of wood (oak, maple, beech, ash, merbau, pine, cherry, birch etc.), veneer/lacquer, wood based boards, mdf etc. We also incorporate glass and metal into our designs. We will produce furniture such as credenzas, sideboards, bookcases, storage units, drawer pedestals, full height storage wall, open plan offices/desks, partial height screens, executive offices, conference and boardroom tables, meeting room tables, tip-top system tables, reception desks (standard/bespoke) and home offices. I will need quite a lot of capital because of all the machinery, tools, computers, a factory and offices.

I need to set a Limited Liablitliy company this is because Limited liability companies, or LLCs, are becoming more and more popular, and it's easy to see why. They combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. In addition, they're more flexible and require less on-going paperwork than corporations.

The type of business I want to set up is a partnership. The advantages and disadvantages are stated below:

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The documents I will have to draw up…...

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