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Role of the community health nurse in partnership with community stakeholders for population health promotion

Population health promotion involves the improvement of the quality of life of the community through the provision of primary, secondary and tertiary healthcare services. The community health nurse should, therefore, play a supervisory role of the community member to control and regulate their health behavior. The primary function of the nurse in the partnership with the community stakeholders is to guide and advise them on the healthy practice that can promote a healthy living of the community (Eldredge et al., 2015).

For example, the community health nurse may choose to push community stakeholders to support each household’s building of a toilet. In this approach, the nurse will be delivering primary care through community stakeholders who have the ability to stop the spread of illness within the community. In addition, the nurse can use the community’s stakeholders to set up a meeting where she can counsel and instruct the people on behaviors related to seeking health and engaging in health-promoting activities.

Evaluating local resources such as nonprofits and religious institutions is essential to increasing community involvement in health promotion.For instance, religious institutions are against some social acts that can encourage the spread of diseases like premarital sex. Appraising such values in such institutions helps to improve the community’s understanding and participation in disease prevention and health promotion.

Using 200-300 words APA format with references in support of the discussion

  Explain the role of the community health nurse in partnership with community stakeholders for population health promotion. Explain why it is important to appraise community resources (nonprofit, spiritual/religious, etc.) as part of a community assessment and why these resources are important in population health promotion. 

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Is your business a sole proprietorship, LLC, partnership or corporation? Why did you choose this particular form of business?

Business Plan Template for a Startup Business

BE SURE TO DELETE ALL RED TEXT FROM THIS TEMPLATE BEFORE SUBMITTING YOUR PLAN!!

A startup business plan serves several purposes. It can help convince investors or lenders to finance your business. It can persuade partners or key employees to join your company. Most importantly, it serves as a roadmap guiding the launch and growth of your new business.

Writing a business plan is an opportunity to carefully think through every step of starting your company so you can prepare for success. This is your chance to discover any weaknesses in your business idea, identify opportunities you may not have considered, and plan how you will deal with challenges that are likely to arise. Be honest with yourself as you work through your business plan. Don’t gloss over potential problems; instead, figure out solutions.

A good business plan is clear and concise. A person outside of your industry should be able to understand it. Avoid overusing industry jargon or terminology.

Most of the time involved in writing your plan should be spent researching and thinking. Make sure to document your research, including the sources of any information you include.

Avoid making unsubstantiated claims or sweeping statements. Investors, lenders and others reading your plan will want to see realistic projections and expect your assumptions to be supported with facts.

This template includes instructions for each section of the business plan, followed by corresponding fillable worksheet/s.

The last section in the instructions, “Refining Your Plan,” explains ways you may need to modify your plan for specific purposes, such as getting a bank loan, or for specific industries, such as retail.

Proofread your completed plan (or have someone proofread it for you) to make sure it’s free of spelling and grammatical errors and that all figures are accurate.

Business Plan

[Insert Date]

Company name

Street address 1

Street address 2

City, state, ZIP

Business phone

Website URL

Email address

Confidentiality Agreement

The undersigned reader acknowledges that any information provided by _________________________ in this business plan, other than information that is in the public domain, is confidential in nature, and that any disclosure or use of same by the reader may cause serious harm or damage to ________________________. Therefore, the undersigned agrees not to disclose it without express written permission from ________________________________.

Upon request, the undersigned reader will immediately return this document to ___________________________.

___________________ Signature

___________________ Name (typed or printed)

___________________ Date

This is a business plan. It does not imply an offering of securities.

Table of Contents Confidentiality Agreement 3 I. Executive Summary 5 Executive Summary 6 II. Company Description 7 Company Description Worksheet 8 III. Products & Services 9 Product & Service Description Worksheet 10 IV. Marketing Plan 11 SWOT Analysis Worksheet 12 Competitor Data Collection Plan 14 Competitive Analysis Worksheet 15 Marketing Expenses Strategy Chart 17 Pricing Strategy Worksheet 19 Distribution Channel Assessment Worksheet 21 V. Operational Plan 23 VI. Management & Organization 25 Management Worksheet 26 Organization Chart 27 VII. Startup Expenses & Capitalization 28 VIII. Financial Plan 29 IX. Appendices 31 X. Refining the Plan 32 Now That You’re (Almost) Finished . . . 34

I. Instructions: Executive Summary

The Executive Summary is the most important part of your business plan. Often, it’s the only part that a prospective investor or lender reads before deciding whether or not to read the rest of your plan. It should convey your enthusiasm for your business idea and get readers excited about it, too.

Write your Executive Summary LAST, after you have completed the rest of the business plan. That way, you’ll have thought through all the elements of your startup and be prepared to summarize them.

The Executive Summary should briefly explain each of the below.

1. An overview of your business idea (one or two sentences).

2. A description of your product and/or service. What problems are you solving for your target customers?

3. Your goals for the business. Where do you expect the business to be in one year, three years, five years?

4. Your proposed target market. Who are your ideal customers?

5. Your competition and what differentiates your business. Who are you up against, and what unique selling proposition will help you succeed?

6. Your management team and their prior experience. What do they bring to the table that will give your business a competitive edge?

7. Financial outlook for the business. If you’re using the business plan for financing purposes, explain exactly how much money you want, how you will use it, and how that will make your business more profitable.

Limit your Executive Summary to one or two pages in total.

After reading the Executive Summary, readers should have a basic understanding of your business, should be excited about its potential, and should be interested enough to read further.

After you’ve completed your business plan, come back to this section to write your executive summary on the next page .

Executive Summary

(Write after you’ve completed the rest of the business plan.)

II. Instructions: Company Description

This section explains the basic elements of your business. Include each of the below:

1. Company mission statement

A mission statement is a brief explanation of your company’s reason for being. It can be as short as a marketing tagline (“MoreDough is an app that helps consumers manage their personal finances in a fun, convenient way”) or more involved: (“Doggie Tales is a dog daycare and grooming salon specializing in convenient services for urban pet lovers. Our mission is to provide service, safety and a family atmosphere, enabling busy dog owners to spend less time taking care of their dog’s basic needs and more time having fun with their pet.”) In general, it’s best to keep your mission statement to one or two sentences.

2. Company philosophy and vision

a. What values does your business live by? Honesty, integrity, fun, innovation and community are values that might be important to your business philosophy.

b. Vision refers to the long-term outlook for your business. What do you ultimately want it to become? For instance, your vision for your doggie day-care center might be to become a national chain, franchise or to sell to a larger company.

3. Company goals

Specify your long- and short-term goals as well as any milestones or benchmarks you will use to measure your progress. For instance, if one of your goals is to open a second location, milestones might include reaching a specific sales volume or signing contracts with a certain number of clients in the new market.

4. Target market

You will cover this in-depth in the Marketing Plan section. Here, briefly explain who your target customers are.

5. Industry

Describe your industry and what makes your business competitive: Is the industry growing, mature or stable? What is the industry outlook long-term and short-term? How will your business take advantage of projected industry changes and trends? What might happen to your competitors and how will your business successfully compete?

6. Legal structure

a. Is your business a sole proprietorship, LLC, partnership or corporation? Why did you choose this particular form of business?

b. If there is more than one owner, explain how ownership is divided. If you have investors, explain the percentage of shares they own. This information is important to investors and lenders.

After reading the Company Description, the reader should have a basic understanding of your business’s mission and vision, goals, target market, competitive landscape and legal structure.

Use the Company Description worksheet on the next page to help you complete this section.

Company Description Worksheet

Business Name
Company Mission Statement
Company Philosophy/ Values
Company Vision
Goals & Milestones1. 2. 3.
Target Market
Industry/ Competitors1. 2. 3.
Legal Structure/ Ownership

III. Instructions: Products & Services

This section expands on the basic information about your products and services included in the Executive Summary and Company Description. Here are some items to consider:

1. Your company’s products and/or services: What do you sell, and how is it manufactured or provided? Include details of relationships with suppliers, manufacturers and/or partners that are essential to delivering the product or service to customers.

2. The problem the product or service solves: Every business needs to solve a problem that its customers face. Explain what the problem is and how your product or service solves it. What are its benefits, features and unique selling proposition? Yours won’t be the only solution (every business has competitors), but you need to explain why your solution is better than the others, targets a customer base your competitors are ignoring, or has some other characteristic that gives it a competitive edge.

3. Any proprietary features that give you a competitive advantage: Do you have a patent on your product or a patent pending? Do you have exclusive agreements with suppliers or vendors to sell a product or service that none of your competitors sell? Do you have the license for a product, technology or service that’s in high demand and/or short supply?

4. How you will price your product or service: Describe the pricing, fee, subscription or leasing structure of your product or service. How does your product or service fit into the competitive landscape in terms of pricing—are you on the low end, mid-range or high end? How will that pricing strategy help you attract customers? What is your projected profit margin?

Include any product or service details, such as technical specifications, drawings, photos, patent documents and other support information, in the Appendices.

After reading the Products & Services section, the reader should have a clear understanding of what your business does, what problem it solves for customers, and the unique selling proposition that makes it competitive.

Use the Product and Service Description Worksheet on the next page to help you complete this section.

Product & Service Description Worksheet

Business Name
Product/ Service Idea
Special Benefits
Unique Features
Limits and Liabilities
Production and Delivery
Suppliers
Intellectual Property Special Permits
Product/ Service Description

IV. Instructions: Marketing Plan

This section provides details on your industry, the competitive landscape, your target market and how you will market your business to those customers.

Market research

There are two kinds of research: primary and secondary. Primary market research is information you gather yourself. This could include going online or driving around town to identify competitors; interviewing or surveying people who fit the profile of your target customers; or doing traffic counts at a retail location you’re considering.

Secondary market research is information from sources such as trade organizations and journals, magazines and newspapers, Census data and demographic profiles. You can find this information online, at libraries, from chambers of commerce, from vendors who sell to your industry or from government agencies.

This section of your plan should explain:

· The total size of your industry

· Trends in the industry – is it growing or shrinking?

· The total size of your target market, and what share is realistic for you to obtain

· Trends in the target market – is it growing or shrinking? How are customer needs or preferences changing?

Barriers to entry

What barriers to entry does your startup face, and how do you plan to overcome them? Barriers to entry might include:

· High startup costs

· High production costs

· High marketing costs

· Brand recognition challenges

· Finding qualified employees

· Need for specialized technology or patents

· Tariffs and quotas

· Unionization in your industry

Threats and opportunities

Once your business surmounts the barriers to entry you mentioned, what additional threats might it face? Explain how the following could affect your startup:

· Changes in government regulations

· Changes in technology

· Changes in the economy

· Changes in your industry

Use the SWOT Analysis Worksheet on the next page to identify your company’s weaknesses and potential threats, as well as its strengths and the potential opportunities you plan to exploit.

SWOT Analysis Worksheet

StrengthsWeaknessesOpportunitiesThreats
Product/ Service Offering
Brand/ Marketing
Staff/HR
Finance
Operations/ Management
Market
Can any of your strengths help with improving your weaknesses or combating your threats? If so, please describe how below.
 
Based on the information above, what are your immediate goals/next steps?
 
Based on the information above, what are your long-term goals/next steps?
 

Product/service features and benefits

Describe all of your products or services, being sure to focus on the customer’s point of view. For each product or service:

· Describe the most important features. What is special about it?

· Describe the most important benefits. What does it do for the customer?

In this section, explain any after-sale services you plan to provide, such as:

·

21

· Product delivery

· Warranty/guarantee

· Service contracts

· Ongoing support

· Training

· Refund policy

Target customer

Describe your target customer. (This is also known as the ideal customer or buyer persona.)

You may have more than one target customer group. For instance, if you sell a product to consumers through distributors, such as retailers, you have at least two kinds of target customers: the distributors (businesses) and the end users (consumers).

Identify your target customer groups, and create a demographic profile for each group that includes:

For consumers:

·

· Age

· Gender

· Location

· Income

· Occupation

· Education level

For businesses:

·

· Industry

· Location

· Size

· Stage in business (startup, growing, mature)

· Annual sales

Key competitors

One of the biggest mistakes you can make in a business plan is to claim you have “no competition.” Every business has competitors. Your plan must show that you’ve identified yours and understand how to differentiate your business. This section should:

List key companies that compete with you (including names and locations), products that compete with yours and/or services that compete with yours. Do they compete across the board, or just for specific products, for certain customers or in certain geographic areas?

Also include indirect competitors. For instance, if you’re opening a restaurant that relies on consumers’ discretionary spending, then bars and nightclubs are indirect competitors.

Use the Competitor Data Collection Plan on the next page to brainstorm ways you can collect information about competitors in each category.

Competitor Data Collection Plan

Price
Benefits/Features
Size/profitability
Market strategy

Once you’ve identified your major competitors, use the Competitive Analysis Worksheet on the next page to compare your business to theirs.

Competitive Analysis Worksheet

For each factor listed in the first column, assess whether you think it’s a strength or a weakness (S or W) for your business and for your competitors. Then rank how important each factor is to your target customer on a scale of 1 to 5 (1 = very important; 5 = not very important). Use this information to explain your competitive advantages and disadvantages.

FACTORMeCompetitor ACompetitor BCompetitor CImportance to Customer
Products
Price
Quality
Selection
Service
Reliability
Stability
Expertise
Company Reputation
Location
Appearance
Sales Method
Credit Policies
Advertising
Image

Positioning/Niche

Now that you’ve assessed your industry, product/service, customers and competition, you should have a clear understanding of your business’s niche (your unique segment of the market) as well as your positioning (how you want to present your company to customers). Explain these in a short paragraph.

How you will market your product/service

In this section, explain the marketing and advertising tactics you plan to use.

Advertising may include:

· Online

· Print

· Radio

· Cable television

· Out-of-home

Which media will you advertise in, why and how often?

Marketing may include:

· Business website

· Social media marketing

· Email marketing

· Mobile marketing

· Search engine optimization

· Content marketing

· Print marketing materials (brochures, flyers, business cards)

· Public relations

· Trade shows

· Networking

· Word-of-mouth

· Referrals

What image do you want to project for your business brand?

What design elements will you use to market your business? (This includes your logo, signage and interior design.) Explain how they’ll support your brand.

Promotional budget

How much do you plan to spend on the marketing and advertising outreach above:

· Before startup (These numbers will go into your startup budget)

· On an ongoing basis (These numbers will go into your operating plan budget)

Use the Marketing Expenses Strategy Chart on the next page to help figure out the cost of reaching different target markets.

Marketing Expenses Strategy Chart

Target Market 1Target Market 2Target Market 3
One-Time Expenses
Monthly or Annual Expenses
Labor Costs

Download the Annual Marketing Budget Template. Using the information you’ve gathered, create your annual marketing budget.

Pricing

You explained pricing briefly in the “Products & Services” section; now it’s time to go into more detail. How do you plan to set prices? Keep in mind that few small businesses can compete on price without hurting their profit margins. Instead of offering the lowest price, it’s better to go with an average price and compete on quality and service.

· Does your pricing strategy reflect your positioning?

· Compare your prices with your competitors’. Are they higher, lower or the same? Why?

· How important is price to your customers? It may not be a deciding factor.

· What will your customer service and credit policies be?

Use the Pricing Strategy Worksheet on the next page to help with your pricing.

Pricing Strategy Worksheet

Business Name
Which of the following pricing strategies will you employ? Circle one.
Cost Plus The costs of making/obtaining your product or providing your service, plus enough to make a profitValue Based Based on your competitive advantage and brand (perceived value)Other:
Provide an explanation of your pricing model selection. Include strategy info on your major product lines/service offerings. List industry/market practices and any considerations to be discussed with your mentor.

Location or proposed location

If you have a location picked out, explain why you believe this is a good location for your startup.

If you haven’t chosen a location yet, explain what you’ll be looking for in a location and why, including:

· Convenient location for customers

· Adequate parking for employees and customers

· Proximity to public transportation or major roads

· Type of space (industrial, retail, etc.)

· Types of businesses nearby

Focus on the location of your building, not the physical building itself. You’ll discuss that later, in the Operations section.

Distribution channels

What methods of distribution will you use to sell your products and/or services? These may include:

· Retail

· Direct sales

· Ecommerce

· Wholesale

· Inside sales force

· Outside sales representatives

· OEMs

If you have any strategic partnerships or key distributor relationships that will be a factor in your success, explain them here.

If you haven’t yet finalized your distribution channels, use the Distribution Channel Assessment Worksheet on the next page to assess the pros and cons of each distribution channel you are considering.

Distribution Channel Assessment Worksheet

Distribution Channel 1Distribution Channel 2Distribution Channel 3
Ease of Entry
Geographic Proximity
Costs
Competitors’ Positions
Management Experience
Staffing Capabilities
Marketing Needs

12-month sales forecast

Download the Sales Forecast spreadsheet and use it to create a month-by-month sales projection.

If you’ve already made some sales, you can use those as a basis for your projections. If, like most startups, you haven’t sold anything yet, you’ll need to create estimates based on your market research, your proposed marketing strategies and your industry data.

Create two forecasts: a “best guess” scenario (what you really expect) and a “worst case” scenario (one you’re confident you can reach no matter what).

Keep notes on the research and assumptions that go into developing these sales forecasts. Financing sources will want to know what you based the numbers on.

After reading the Marketing Plan section, the reader should understand who your target customers are, how you plan to market to them, what sales and distribution channels you will use, and how you will position your product/service relative to the competition.

A SCORE mentor can help you complete your Marketing Plan tailored for your business. Find a SCORE mentor .

V. Instructions: Operational Plan

This section explains the daily operation of your business, including its location, equipment, personnel and processes.

1. Production

How will you will produce your product or deliver your service? Describe your production methods, the equipment you’ll use and how much it will cost to produce what you sell.

Quality control

How will you maintain consistency? Describe the quality control procedures you’ll use.

Location

Where is your business located? You briefly touched on this in the Company Overview. In this section, expand on that information with details such as:

a. The size of your location

b. The type of building (retail, industrial, commercial, etc.)

c. Zoning restrictions

d. Accessibility for customers, employees, suppliers and transportation if necessary

e. Costs including rent, maintenance, utilities, insurance and any buildout or remodeling costs

f. Utilities

Legal environment

What type of legal environment will your business operate in? How are you prepared to handle legal requirements? Include details such as:

g. Any licenses and/or permits that are needed and whether you’ve obtained them

h. Any trademarks, copyrights or patents that you have or are in the process of applying for

i. The insurance coverage your business requires and how much it costs

j. Any environmental, health or workplace regulations affecting your business

k. Any special regulations affecting your industry

l. Bonding requirements, if applicable

Personnel

What type of personnel will your business need? Explain details such as:

m. What types of employees? Are there any licensing or educational requirements?

n. How many employees will you need?

o. Will you ever hire freelancers or independent contractors?

p. Include job descriptions.

q. What is the pay structure (hourly, salaried, base plus commission, etc.)?

r. How do you plan to find qualified employees and contractors?

s. What type of training is needed and how will you train employees?

Download the Job Analysis Worksheet and use it to help you answer the questions above.

Inventory

If your business requires inventory, explain:

· What kind of inventory will you keep on hand (raw materials, supplies, finished products)?

· What will be the average value of inventory (in other words, how much are you investing in inventory)?

· What rate of inventory turnover do you expect? How does this compare to industry averages?

· Will you need more inventory than normal during certain seasons? (For instance, a retailer might need additional inventory for the holiday shopping season.)

· What is your lead time for ordering inventory?

Suppliers

List your key suppliers, including:

· Names, addresses, websites

· Type and amount of inventory furnished

· Their credit and delivery policies

· History and reliability

· Do you expect any supply shortages or short-term delivery problems? If so, how will you handle them?

· Do you have more than one supplier for critical items (as a backup)?

· Do you expect the cost of supplies to hold steady or fluctuate? If the latter, how will you deal with changing costs?

· What are your suppliers’ payment terms?

Credit policies

If you plan to sell to customers on credit, explain:

· Whether this is typical in your industry (do customers expect it)?

· What your credit policies will be. How much credit will you extend? What are the criteria for extending credit?

· How will you check new customers’ creditworthiness?

· What credit terms will you offer?

· Detail how much it will cost you to offer credit, and show that you’ve built these costs into your pricing structure.

· How will you handle slow-paying customers? Explain your policies, such as when you will follow up on late payments, and when you will get an attorney or collections agency involved.

After reading the Operational Plan section, the reader should understand how your business will operate on a day-to-day basis.

VI. Instructions: Management & Organization

This section should give readers an understanding of the people behind your business, their roles and responsibilities, and their prior experience. If you’re using your business plan to get financing, know that investors and lenders carefully assess whether you have a qualified management team.

1. Biographies

Include brief biographies of the owner/s and key employees. Include resumes in the Appendix. Here, summarize your experience and those of your key employees in a few paragraphs per person. Focus on the prior experience and skills that have prepared your team to succeed in this business. If anyone has previous experience starting and growing a business, explain this in detail.

2. Gaps

Explain how you plan to fill in any gaps in management and/or experience. For instance, if you lack financial know-how, will you hire a CFO or retain an accountant? If you don’t have sales skills, will you hire an in-house sales manager or use outside sales reps?

3. Advisors

List the members of your professional/advisory support team, including:

a. Attorney

b. Accountant

c. Board of directors

d. Advisory board

e. Insurance agent

f. Consultants

g. Banker

h. Mentors and other advisors

If they have experience or specializations that will increase your chances of success, explain. For instance, does your mentor have experience launching and growing a similar business?

4. Organization Chart

Develop and include an organization chart. This should include both roles that you’ve already filled and roles you plan to fill in the future.

After reading the Management & Organization section, the reader should feel confident that you have a qualified team leading your business.

Use the Management Worksheet and Organization Chart on the next two pages to highlight your management team.

Management Worksheet

Bio/s
Gaps in Management or Experience
Advisors

Organization Chart

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

TITLE

VII. Instructions: Startup Expenses & Capitalization

In this section, detail the expenses involved in opening for business and how much capital you’ll need. (Do not include ongoing expenses after your business opens; those are listed in the Financial Plan.) Estimating startup expenses as accurately as possible helps you gather enough startup capital.

1. Start-Up Expenses

Download and complete the Start-Up Expenses template. In working on this Business Plan, you should already have gathered most, if not all, of the information you need. In the body of this section, be sure to explain all of the assumptions behind the figures. How did you come up with these expenses? If you’ve secured or expect to secure loans, explain the source/s, amount/s and terms. If you’ve secured or expect to secure investors, explain how much each investor will contribute and what percentage of ownership each receives in return.

Be sure to include extra capital for unexpected expenses. Opening a new business almost always ends up costing more than expected, and you need to be prepared. List this figure in the Start-Up Expenses template under “Reserve for Contingencies.” How much should you set aside for contingencies? You can talk to other business owners in your industry to get a ballpark figure. If you can’t come up with a figure this way, a good rule of thumb is to set aside 20% to 25% of your total startup costs for contingencies.

2. Opening Day Balance Sheet – NOT REQUIRED

Download and complete the Opening Day Balance Sheet . Use it to detail the expected state of your business finances on opening day. As with the Start-Up Expenses sheet, be sure to explain the assumptions behind the figures.

3. Personal Financial Statement

If you are using the business plan to seek financing, include personal financial statementsfor each owner and each major stockholder. The personal financial statements should detail each person’s assets and liabilities outside of the business and their personal net worth. Investors and/or lenders typically expect business owners to use personal assets to finance a startup, and they’ll want to see how much capital you have available from your personal finances.

After reading the Startup Expenses & Capitalization section, the reader should know how much money is needed to start the business and how well capitalized you are.

VIII. Instructions: Financial Plan

Your financial plan is perhaps the most important element of your business plan. Lenders and investors will review it in detail. Developing your financial plan helps you set financial goals for your startup and assess its financing needs. Include the following:

1. 12-month profit & loss projection

Also known as an income statement or P&L, the 12-month profit and loss projection is the centerpiece of your business plan. Download the 12-Month Profit and Loss Projection and fill in your projected sales, cost of goods sold and gross profit. (Refer to the Sales Forecast you created in Section IV). Then list your expenses, net profit before taxes, estimated taxes and net operating income.

Be sure to explain the assumptions behind the numbers in your P&L. Keep detailed notes about how you came up with these figures; you may need this information to answer questions from potential financing sources.

2. Optional: 3-year profit & loss projection

A three-year profit and loss projection is not essential to a business plan. However, you may want to create one if you expect your business’s financials to change substantially after the first year, or if investors or lenders require it. Download the 3-Year Profit and Loss Projection template, and use it to create your projection.

3. Cash flow projection

The cash flow statement tracks how much cash your business has on hand at any given time. Once your business is up and running, you’ll want to keep close tabs on your cash flow statement. For now, however, you’re creating a cash flow projection. Think of the cash flow projection as a forecast for your business checking account. It details when you need to spend money on things such as inventory, rent and payroll, and when you expect to receive payments from customers and clients. For example, you may make a sale, have to buy inventory to fulfill the sale, and not collect payment from the customer for 30, 60 or 90 days. The cash flow projection takes these factors into account, helping you budget for upcoming expenses so your business doesn’t run out of money.

Download the 12-Month Cash Flow Statement and use it to create your projections.

4. Optional: 3-year cash flow statement

Depending on your needs and the purpose of your business plan, you may also want to include a 3-year cash flow statement. If so, download the 3-Year Cash Flow Statement  and use it to create your projections. This is a much simpler document than the 12-month cash flow statement, but can still be useful in making plans.

5. Projected balance sheet

A balance sheet subtracts the company’s liabilities from its assets to arrive at the owner’s equity. You already created an opening day balance sheet in Section 1. Now, download the Balance Sheet (Projected) , and create a projected balance sheet showing the estimated financial condition of your business at the end of its first year. The major difference between the two is that the projected balance sheet includes any owner’s equity resulting from the business’s first year in operation. Lenders and investors may want to see this projection.

6. Break-even calculation

The break-even analysis projects the sales volume you need in order to cover your costs. In other words, when will the business break even? Download the Break-Even Analysis template and, using your profit and loss projections, enter your expected fixed and variable costs. Adjust the categories to reflect your own business.

You can even create a couple of different break-even analyses for different scenarios. For example, your payroll costs will vary depending on whether you hire full-time employees or use independent contractors. Creating different break-even analyses can help you determine the best option.

7. Use of capital

If you’re using the business plan to seek financing from lenders or investors, provide a breakdown of how you will the capital and what results you expect. For example, perhaps you will use the money to buy new equipment and expect that to double your production capacity.

After reading the Financial Plan section, the reader should understand the assumptions behind your financial projections and be able to judge whether these projections are realistic.

A SCORE mentor can help you complete your Financial Plantailored for your business. Find a SCORE mentor .

IX. Instructions: Appendices

Don’t slow your readers down by cluttering your business plan with supporting documents, such as contracts or licenses. Instead, put these documents in the Appendices, and refer to them in the body of the plan so readers can find them if needed.

Below are some elements many business owners include in their Appendices.

1. Agreements (Leases, contracts, purchase orders, letters of intent, etc.)

2. Intellectual property (trademarks, licenses, patents, etc.)

3. Resumes of owners/key employees

4. Advertising/marketing materials

5. Public relations/publicity

6. Blueprints/plans

7. List of equipment

8. Market research studies

9. List of assets that can be used as collateral

You can also include any other materials that will give readers a fuller picture of your business or support the projections and assumptions you make in your plan. For instance, you might want to include photos of your proposed location, illustrations or photos of a product you are patenting, or charts showing the projected growth of your market.

After reviewing the Appendices, the reader should feel satisfied that the assumptions throughout the plan are backed up by documentation and evidence.

X. Instructions: Refining the Plan

Modify your business plan for your specific needs, audience and industry. Here are some guidelines to help:

For Raising Capital from Bankers

Bankers want to know that you’ll be able to repay the loan. If the business plan is for bankers or other lenders, include:

· How much money you’re seeking

· How you’ll use the money

· How that will make your business stronger

· Requested repayment terms (number of years to repay)

· Any collateral you have and a list of all existing liens against your collateral

For Raising Capital from Investors

Investors are looking for dramatic growth, and they expect to share in the rewards. If the business plan is for investors, include:

· Investment amount you need short-term

· Investment amount you’ll need in two to five years

· How you’ll use the money and how that will help your business grow

· Estimated return on investment

· Exit strategy for investors (buyback, sale or IPO)

· Percentage of ownership you will give investors

· Milestones or conditions you will accept

· Financial reporting you will provide to investors

· How involved investors will be on the board or in management

For a Manufacturing Business

· Explain the operations involved in manufacturing your product/s.

· What equipment is needed? What are the production/capacity limits of the equipment?

· What are the production/capacity limits of the proposed physical plant?

· Is specialized labor needed?

· What raw materials do you need for manufacturing? Are there any special requirements for storing these?

· What quality control procedures will you use?

· How will you manage inventory levels?

· What is your supply chain?

· Explain any new products you’re developing, or products you plan to begin developing after startup.

For a Service Business

· Explain your prices and the methods used to set them.

· What systems and processes will you use for ensuring consistent delivery of services?

· What quality control procedures will you use?

· How will you measure employee productivity?

· Will you subcontract any work to other businesses? If so, what percentage of work will be subcontracted? Will you make a profit on subcontracting?

· Explain your credit, payment and collections policies and procedures.

· How will you maintain your client base and get long-term contracts?

· Explain any new services you’re developing or services you plan to add after startup.

For a Retail Business

· List specific brands you plan to carry that will give you a competitive advantage.

· How will you manage inventory? What inventory management software will you use?

· What forms of payment will you accept? What payment processing service will you use?

· What point-of-sale software and hardware will you use?

· Explain your markup policies. Your prices should be profitable, competitive and in line with your brand.

· Initial inventory level: Find the industry average annual inventory turnover rate (available in the RMA book). Multiply your initial inventory investment by the average turnover rate. The result should be at least equal to your projected first year’s cost of goods sold. If not, you may need to budget more for startup inventory.

· What are your customer service policies?

· How will you handle returns and exchanges?

· Will your retail store also have an ecommerce site, or is one planned for the future?

For an Ecommerce Business

· Will you sell a physical product, a service, a digital product (such as eBooks) or some combination of these?

· If you’re selling physical products, how will you brand and package them?

· Will you sell on your own website, online marketplaces (such as Amazon) or both?

· What technology providers and platforms will you use to run your ecommerce site?

· Web hosting service

· Web design service

· Shopping cart provider

· Payment processing service

· Fulfillment & shipping services

· Email marketing services

· Can the solutions you’ve chosen quickly scale up or down as needed?

· Where will you get your products? Will you manufacture them in-house, buy them from manufacturers or use drop shippers?

· How will you handle returns and exchanges?

· What are your customer service policies? How will you provide customer service?

· Will you use any proprietary technology of your own and if so, what advantages does that give you?

For a Software or SaaS business

· What is your pricing structure? Will you use a free trial, “freemium” or paid business model?

· If you offer free services or a free trial option, how will you upsell customers to a payment model? What percentage of customers are expected to become paying customers?

· Have you tested your software? Are any “early adopters” already using the product?

· How will you encourage long-term contracts in order to create recurring revenues?

· How will you manage rapidly changing markets, technologies and costs?

· How will you keep your company competitive?

· Will you use in-house developers or outsource this function?

· How will you provide customer support?

· How will you retain key personnel?

· Are you using any proprietary or exclusive software that will give you a competitive edge?

· How will you protect your intellectual property?

· What additional products or updates to current products are you planning after launch?

Now That You’re (Almost) Finished . . .

Remember to go back, and complete the Executive Summary.

After you’ve filled out all the worksheets and executive summary, print them out and you have a business plan. Work with a SCORE mentor to review and refine your plan

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Discussion of partnership processes and preparation of Accounting entries

Assessment Assessment 2
(Part A: Business Report, Part B: Discussion of partnership processes and preparation of Accounting entries)
Individual/Group Individual Assignment
Length Part A—1500 words
Part B— 300 words for requirement 3.
Learning Outcomes b) Apply Accounting principles and standards when accounting for non-current assets, revenue and liabilities. c) Prepare statements of cash flows.
d) Prepare Accounting entries and processes for partnerships.
Submission Week 10 (Detailed information is provided below)
Weighting 30%
Total Marks 100 marks (Part A: 75 marks and Part B: 25 marks)
Individual Assignment Specifications
Assessment Task Description
The assignment is to be completed individually. Listed below is the overview, instructions, marking criteria and rubric for Part A and Part B outlining the specific questions to be addressed in your report.
1. Overview
The total marks available for this assessment task are 30. The assignment has an allocation of 100 marks, final mark on the assignment will be a weightage of 30% of the marks awarded out of 100. The assignment requires you to:
(i) directly address Part A & Part B worth a total of 100 marks, and
(ii) “to do so with academic and discipline conventions and sources of evidence”, worth 15 marks (see Instructions, Item 4)
2. Instructions
1. Select a company from Table 1 listed under pt.5.
2. Obtain the recent annual report preferably financial year ending 30 June 2020.
3. Students are not allowed to select the same company; therefore, your lecturer must approve the choice of your company.
4. In terms of ‘Academic Quality’ worth 10 marks for Part A and 5 marks for Part B, a combined total of 15 marks out of 100 marks.
5. Selected list of ASX companies is provided below, that need to be selected for your choice of Part A
Table 1: Selected list of ASX listed companies
ASX Code Company name
1 CSL CSL Ltd
2 STO Santos Ltd
3 RIO RIO Tinto Ltd
4 TCL Transurban Group
5 LLC Lendlease Group
6 ALX Atlas Arteria
7 ORI Orica Ltd
8 OZL OZ Minerals Ltd
9 OSH Oil Search Ltd
10 MIN Mineral Resources Ltd
6. The requirements for Part A of this assignment must be written/structured in the form of a ‘business report’. That is, it must have a/an:
(i) Word limit: 1,500 words
(ii) A proper report format is expected (title page, executive summary, table of contents, introduction, body of the report with headings and subheadings, conclusion & recommendations, appendices, list of references)
(iv) Students are strongly advised to avoid plagiarism or collusion in doing the assessment. General rule: If the similarity, detected and reported by Turnitin report, comes from the original assignment questions, table of contents, table of numbers and data, diagrams and charts, calculations, reference list, appendix…, then it is not an indication of plagiarism. However, if the similarity comes from the discussion or analysis or interpretation or recommendation parts of the assignment then it is an indication that the student has “copied and pasted” from the original source. This is not the student’s own work and therefore it will negatively affect the quality of the student’s answers in the submitted report.
(v) A minimum of 3 different academic reference sources are required. Remember that Wikipedia, Investopedia and other similar websites are not academic sources and must not be used as a reference source.
(vi) The marking rubrics for the business report is provided under Assignment marking criteria and Rubric.
Part A: Discuss and interpret various Accounting Standards covering non-current assets, revenue recognition, liabilities, and cash flow statement. (75 Marks) For your selected/approved Company, comment on the following:
1. Knowledge and understanding of the accounting principles and standards for non-current assets, revenue, and liabilities.
a. Discuss why the selected company has prepared the general purpose financial statements. Your discussion should include the reference to the objective of conceptual framework (6 marks)
b. State the basis of preparation of these statements. (3 marks)
c. Refer to the following items from statement of financial position/ Balance sheet of the selected company: ? Property, Plant& Equipment (PPE)
? Intangible assets
? Right of use of asset
? Deferred tax assets
? Deferred tax liabilities
? Provisions
Review the information provided in notes to financial statements about each of the above items. In your written report identify the following for each of the above item:
? accounting standards used for reporting. (6 marks)
? measurement basis used. (6 marks)
? key judgements and estimates applied. (6 marks)
d. Identify selected company’s sources of revenue and the accounting standard applied for reporting revenue. (3 marks)
e. Explain the revenue recognition criteria applied to each of the revenue source identified in (d) and further assess whether it satisfies the recognition criteria as stated in the Conceptual Framework. (6 marks)
2. Preparation, presentation, and analysis of cash flow statement.
a. Outline the two different methods of preparing the statement of cash flows. Examine the selected company’s statement of cash flows and report on its method used. (6 marks)
b. Assess how each section in the statement of cash flow of your selected company relates to the statement of financial position. (6 marks)
c. Examine the selected company’s statement of cash flows and compare the cash from operating activities with operating profit after tax. Are they similar? If not, suggest why. (6 marks)
d. What financing activities were undertaken by the selected company? Compare the borrowings from the previous year and suggest reasons for any major changes. Were there any payments made to shareholders? (3 marks)
e. Generate an opinion about the selected company’s cash position and its usefulness to shareholders, lenders, and creditors. (3 marks)
3. Developed recommendations in line with the evidence available in the annual report.
Analyse the measurement basis, key judgements and estimates identified in Part A 1 (c), discuss whether this provides relevant, reliable, and faithful representation to stakeholders. For this analysis you may look at qualitative characteristics mentioned in the conceptual framework and look at an annual report of another company in the similar sector and compare the approach adopted with your selected company. (5 marks)
4. Use of academic and discipline conventions and sources of evidence.
Report Layout and Content (i.e., title page, executive summary, table of contents, introduction, body of the report (this is where you will address the above 3 questions) with headings and subheadings, conclusion & recommendations, appendices, list of references (10 marks)
Part B: Partnership processes and accuracy of accounting entries (25 Marks)
On 1 July 2019 Patrick and Patricia decided to join forces and form a partnership (P&P Partners). Their contributions to the partnership were: Patrick – Cash: $160,000, Accounts Receivable: $75,000, Equipment: $85,000 Patricia – Cash: $240,000, Inventory: $200,000, Accounts payable: $75,000 Their agreement has the following conditions:
• Patricia’s inventory has a market value of $180,000
• Patrick’s equipment has been valued at $80,000
• The partners receive 5% interest on their capital balances • Salaries Patrick – $90,000 and Patricia – $75,000
• The remaining profit is split equally.
• Any drawings attract an 10% interest rate for the financial year. Required:
1. Prepare journal entries for the formation of the partnership. (4 marks)
2. During their first year they made a profit of $204,000. Both partners have drawings Patrick $25,000 and Patricia $30,000. Prepare a schedule for the distribution of profit for the year. (6 marks)
3. As the business is growing, partners are curious to know if company structure would be beneficial for the business. Provide a brief advise to the partners stating whether they should consider registering the business as a company. In your advice comment on the aspects of company structure, such as regulatory compliance, taxation, continuity and if these aspects provide any advantage over partnership structure. (10 marks, 300 words)
4. Use of academic and discipline conventions and sources of evidence. (5 marks)
Assignment Marking Criteria and Rubric
The following summarizes the key marking criteria that will be used to assess how you have addressed the assignment requirements of Part A and Part B, academic and discipline conventions, and sources of evidence.
Marking Criteria
Marking Criteria Marks Allocated Marks Awarded
Part A: Discuss and interpret various Accounting standards covering non-current assets, revenue recognition, liabilities, and cash flow statement
1.
a.
b.
c.
d.
e.
Knowledge and understanding of the accounting principles and standards for non-current assets, revenue, and liabilities. Discuss why the selected company has prepared the general purpose financial statements. Your discussion should include the reference to the objective of conceptual framework (6 marks)
State the basis of preparation of these statements. (3 marks)
Refer to the following items from statement of financial position/ Balance sheet of the selected company: ? Property, Plant& Equipment (PPE)
? Intangible assets
? Right of use of asset
? Deferred tax assets
? Deferred tax liabilities ? Provisions
Review the information provided in notes to financial statements about each of the above items. In your written report identify the following for each of the above item:
? accounting standards used for reporting. (6 marks)
? measurement basis used. (6 marks)
? key judgements and estimates applied. (6 marks)
Identify selected company’s sources of revenue and the accounting standard applied for reporting revenue. (3 marks)
Explain the revenue recognition criteria applied to each of the revenue source identified in (d) and further assess whether it satisfies the recognition criteria as stated in the Conceptual Framework. (6 marks)
36
2. Preparation, presentation, and analysis of cash flow statement.
a. Outline the two different methods of preparing the statement of cash flows. Examine the selected company’s statement of cash flows and report on its method used. (6 marks)
24
b. Assess how each section in the statement of cash flow of your selected company relates to the statement of Financial position.
(6 marks)
c. Examine the selected company’s statement of cash flows and compare the cash from operating activities with operating profit after tax. Are they similar? If not, suggest why. (6 marks)
d. What financing activities were undertaken by the selected company? Compare the borrowings from the previous year and suggest reasons for any major changes. Were there any payments made to shareholders? (3 marks)
e. Generate an opinion about the selected company’s cash position. (3 marks)
3. Developed recommendations in line with the evidence available in the annual report.
Analyse the measurement basis, key judgements and estimates identified in Part A 1 (c), discuss whether this provides relevant, reliable, and faithful representation to stakeholders. For this analysis you may look at qualitative characteristics mentioned in the conceptual framework and look at an annual report of another company in the similar sector and compare the approach adopted with your selected company. (5 marks)
5
4. Use of academic and discipline conventions and sources of evidence. 10
Part B: Partnership processes and accuracy of accounting entries
1. Prepare journal entries for the formation of the partnership. (4 marks)
2. During their first year they made a profit of $204,000. Both partners have drawings Patrick $25,000 and Patricia $30,000 drawings. Prepare a schedule for the distribution of profit for the year. (6 marks)
3. As the business is growing, partners are curious to know if company structure would be beneficial for the business. Provide a brief advise to the partners stating whether they should consider registering the business as a company. In your advice comment on the aspects of company structure, such as regulatory compliance, taxation, continuity and if these aspects provide any advantage over partnership structure. (10 marks, 300 words)
20
4. Use of academic and discipline conventions and sources of evidence. (5 marks) 5
TOTAL Marks 100
TOTAL Weight 30%
Final Mark
Marking Rubric (Business report: 75 marks (Part A) and Partnership processes and Accounting entries: 25 marks (Part B)). Assessment Attributes for Part A and Part B have been clearly labeled in the table below. Please note that the last Attribute of Academic and discipline conventions apply to both parts, where Part A has been allocated 10 marks and Part B allocation is 5 marks.
Assessment Attributes Fail
(0-49%) Pass (50-64%) Credit (65-74%) Distinctions (75-84%) High Distinction (85-100%)
Knowledge and understanding of the Accounting principles and standards for non-current assets, revenue, and liabilities.
(36 marks)
Part A •


• Shows very little to no understanding of the Accounting principles and standards required to be discussed from the annual report of selected company. Key components of the assignment are not addressed.
Demonstrates little to no capacity to explain and apply relevant Accounting principles and standards. Has answered most parts incorrectly. •
• Shows limited understanding of the Accounting principles and standards required to be discussed from the annual report of selected company.
Has answered some parts incorrectly. • Thorough knowledge or understanding of the Accounting principles and standards required to be discussed from the annual report of selected company. • Highly developed understanding of the Accounting principles and standards required to be discussed from the annual report of selected company. •
A sophisticated understanding of the Accounting principles and standards required to be discussed from the annual report of selected company.
Preparation, presentation, and analysis of cash flow statement.
(24 marks)
Part A •
• Shows no understanding of direct and indirect methods of presenting cash flows from operating activities.
Demonstrates little to no capacity to explain the importance of cash flow from operating activities. •
• Shows limited understanding of direct and indirect methods of presenting cash flows from operating activities.
Demonstrates limited capacity to •
• Shows good understanding of direct and indirect methods of presenting cash flows from operating activities.
Demonstrates a good •
• Shows highly developed understanding of direct and indirect methods of presenting cash flows from operating activities.
Demonstrates a highly developed •
• Shows sophisticated understanding of direct and indirect methods of presenting cash flows from operating activities.
Demonstrates a
• Has answered most parts incorrectly. • explain the importance of cash flow from operating activities.
Has answered some parts incorrectly.
understanding in explaining the importance of cash flow from operating activities.
understanding in explaining the importance of cash flow from operating activities. sophisticated understanding in explaining the importance of cash flow from operating activities.
Developed
recommendations in line with the evidence available in the annual report.
(5 marks)
Part A • No recommendations developed. • Recommendations developed but not broadly consistent with the evidence presented and generated in the case. • Supports personal opinion and information substantiated by evidence from the research/course materials. • Discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. • Systematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading.
Knowledge and understanding of partnership processes and accuracy of Accounting entries
(20 marks)
Part B •

• Shows very little to no understanding of the partnership processes Demonstrates little to no accuracy in recording Accounting entries. Has answered most parts incorrectly. •

• Shows very limited understanding of the partnership processes Demonstrates limited accuracy in recording
Accounting entries.
Has answered some parts incorrectly. •
• Thorough knowledge or understanding of the partnership processes
Demonstrates good accuracy in recording Accounting entries •
• Highly developed understanding of the partnership processes
Demonstrates high accuracy in recording accounting entries •

A sophisticated understanding of the partnership processes. Demonstrates perfect accuracy in recording
Accounting entries
Use of academic and discipline conventions and sources of evidence.
(15 marks)
10 marks for Part A and 5 marks for Part B •

• Poorly written with errors in spelling, grammar. Demonstrates inconsistent use of good quality, credible and relevant research sources to support and develop ideas. There are mistakes in using the APA style. •

• Is written according to academic genre
(e.g. with introduction, conclusion or summary) and has accurate spelling, grammar, sentence and paragraph construction. Demonstrates consistent use of credible and relevant research sources to support and develop ideas, but these are not always explicit or well developed. There are no mistakes in using the APA style. •

• Is well-written and adheres to the academic genre (e.g. with introduction, conclusion or summary). Demonstrates consistent use of high quality, credible and relevant research sources to support and develop ideas. There are no mistakes in using the APA style. •

• Is very well-written and adheres to the academic genre. Consistently demonstrates expert use of good quality, credible and relevant research sources to support and develop appropriate arguments and statements. Shows evidence of reading beyond the key reading.
There are no mistakes in using the APA style. •

• Expertly written and adheres to the academic genre. Demonstrates expert use of high-quality, credible and relevant research sources to support and develop arguments and position statements. Shows extensive evidence of reading beyond the key reading.
There are no mistakes in using the APA style.
ACCT 2000 Financial Accounting |Page 9 of 9

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Partnership vs. Corporation

Assignment : Partnership vs. Corporation
Worth 180 points on the topic Partnership vs. Corporation
Using Internet websites such as https://www.irs.gov/ or other similar resources related to partnerships and corporate taxation, write a four to five (4-5) page paper in which you do the following:

Compare and contrast the tax rules and treatment applicable to corporations and partnerships. Indicate the major way in which the tax treatment affects the shareholders or partners.
Explain at least two (2) reasons why a business owner might opt to become a partnership over a corporation. Provide support for your rationale.
Imagine that you are a consultant and make the recommendation that the most advantageous business structure is a C-corporation. Justify why you would recommend a Corporation over a Partnership. Indicate tax rules that influenced your decision.
Analyze what a business owner must consider when deciding what type of entity is best for the goals and vision of the business. Provide at least two (2) examples of research the owner must perform to ensure the proper election is made. Provide support for your rationale.
Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. Note: Please refer to the APA template in the course shell for more information on APA style.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Examine the tax rules that are unique to corporations, and the basic concerns relevant to shareholders and the corporation.
Examine the tax rules and treatment related to partnerships.
Use technology and information resources to research issues in corporate federal taxation.
Write clearly and concisely about corporate federal taxation using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric.   

………………………………………………………………………………………Partnership vs. Corporation……………

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Accounting: Partnership vs. Corporation

(Course Instructor)

(University Affiliation)

(Student’s Name)

(Date)

Tax Rules and Treatment Applicable to Corporation and Partnership

The formation of a corporation occurs with the filling of a certificate of birth with the secretary of state under the article of incorporation (Emanuel, 2009). The process gives a legal means through with such a company can operate. The subchapter “C” of the tax code considers all corporations to be C-corps., unless otherwise categorized as an S-corp. With partnerships, their formation occurs when two or more individuals form a business operation with the purpose of sharing management roles and profits.

            In regards with tax rules, corporations and partnerships are subject to corporation and partnership tax rules respectively (Law, 2015). The corporation is a legal entity, which is separate from its owners for the purpose of taxation. The shareholders in a corporation are not subject to self-employment taxes. A corporation will always pay income tax on the profits earned, while in partnership, the shareholders are not responsible for the payment of tax from the profits that the business makes. This is because partnership is not a separate legal entity and does not have to pay taxes in itself.

            There are different tax laws to which partnerships and corporations must comply. The corporations under the tax rules are taxed at different levels compared to other business entities. A corporation is required to file tax returns under the Form 1120 in addition to paying taxes on profits at the predetermined corporate income tax rates.

            How the Corporation Tax Rule may affect Shareholders             There shareholders of a corporation are affected because a C corporation is taxed twice in a year based on its net income. The corporation is taxed on its profits and then the shareholder profits in form of dividend distributions creating an element………………………………………………………..Partnership vs. Corporation………………………………………………………………………………………………………………………………………….

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Discuss the factors and approach you will use to develop a professional partnership with your selected site.

 Answer both of the following questions honestly and professionally:

  1. Discuss the factors and approach you will use to develop a professional partnership with your selected site.
  2. What is the importance of collaborating with other healthcare professionals in order to establish trusting relationships to gain commitment for mobilizing health initiatives?

Your initial posting should be 400 words in length and utilize at least one scholarly source other than the textbook. Please reply to at least two classmates. Replies to classmates should be a minimum of 200 words in length. 

DQ1 UMBO – 1, 2DQ1 PLG – 6, 7DQ1 CLO – 1, 6

When you are ready for the discussion, do the following:

  1. Click on the discussion link above.
  2. Start your answer by clicking “Start a New Thread” button with the title of your answer and the body of text following the guidance above.
  3. To properly post your answer, please click on the “Post” button.
  4. After posting your contribution, you must read what others have posted, reply to at least two of those posts, and respond (when appropriate) to those you have responded to you.

To reply to a classmate’s post:

  1. Click on the title of another student’s post.
  2. Click “Reply to Thread” and type your response to the student.
  3. Click the “Post” button to post your reply.
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Explain the role of the community health nurse in partnership with community stakeholders for population health promotion

Explain the role of the community health nurse in partnership with community stakeholders for population health promotion. Explain why it is important to appraise community resources (nonprofit, spiritual/religious, etc.) as part of a community assessment and why these resources are important in population health promotion.