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Each area, city has its own requirements. To give you an idea let’s get San Francisco as an example. To start up your business in San Francisco, seven procedures are first necessary:
Precise business planning is one of the most important aspects of the business startup process. As a famous quotation explains, “Fail to Plan, Plan to fail”. In effect, business planning can make the critical difference between success and failure.
A business plan serves to define your business, identify your goals, and acts as your firm's resume. You can not create a company with out business plan. It’s necessary as soon as you want to apply for a Visa (e.g. entrepreneur Visa: E2) if you want to raise money from investors (angels and VCs).
The basic components include a current and pro forma balance sheet, an income statement, and a cash flow analysis. It helps you allocate resources properly, handle unforeseen complications, and make good business decisions. A good business plan provides specific and organized information about your company and how you will repay borrowed money. It is therefore a crucial part of any loan application. Additionally, it informs sales personnel, suppliers, and others about your operations and goals.
The information on this site is not intended to constitute legal advice or to substitute for obtaining legal advice from an attorney licensed in your state. This web site is not intended to be advertising under applicable laws and ethical rules. These materials have been prepared by the French American Chamber of Commerce with the expertise of our staff and members for informational purposes only and are not legal advice. Anyone viewing the information should not act upon it without seeking professional counsel. The information contained in this website is provided only as general information which may or may not reflect the most current legal developments.