I. Introduction of the Proposed Business
Neverland Cupcakes is going to be a bakery with the vision of bringing people together over delicious cupcakes and engaging in spreading the gospel and love of Jesus by means of cupcakes. The primary goal of this business entity will be to glorify God in all business transactions. This business will be located in the state of Virginia.
II. Description and Explanation of Type of Business Entity
The type of business entity, which would be best for Neverland Cupcakes to be operated as, would be a limited liability partnership. Firstly, an LLP would be the best option, because I would be starting this business and operating it with my sister. An LLP allows for a certain amount of liability and protects one …show more content…
In Business for the Glory of God, Grudem highlights and elaborates a myriad of biblical standards and principles for how to bring Glory to God while owning and operating a business, and even participating in business transactions in general. Some of the key facets covered in Grudem’s book include stewardship, appropriately handling money, and using what God has placed us over to care for others and the less fortunate. These are all key ideas that will be incorporated into the basic ethics and social responsibility plans of Neverland Cupcakes. One way to be good stewards over the bakery and supplies that God has placed the bakery over would be to be productive and produce cupcakes to increase revenue. This increased revenue will be utilized to provide for our families and the families of the workers, and can be used to care for those in need. Clothes can be purchased, especially during the wintertime, for the homeless, or those who are struggling financially and are unable to purchase clothes. Appropriately handling money would constitute being honest in our policies, especially since the ninth commandment calls followers to not lie (Exodus 20:16), and in the New Testament Jesus makes the famous statement on paying taxes as a responsibility of a Christian (Mark12:17). We are called, as children of God, …show more content…
The bakery may not have generated a sufficient amount of revenue within the first quarter or first few quarters of being in operation, and this could upset one of the partners and cause her to want to completely restructure the business structure of producing revenue for the bakery. The other partner believes that the business structure for incurring revenue should remain the same, and claims the bakery was experiencing growing pains being a new competitor in the free market system. The two partners are both at complete disagreement, with one wanting to completely restructure the business, and the other partner wanting to leave the structure of the business completely the
Neverland Cupcakes is going to be a bakery with the vision of bringing people together over delicious cupcakes and engaging in spreading the gospel and love of Jesus by means of cupcakes. The primary goal of this business entity will be to glorify God in all business transactions. This business will be located in the state of Virginia.
II. Description and Explanation of Type of Business Entity
The type of business entity, which would be best for Neverland Cupcakes to be operated as, would be a limited liability partnership. Firstly, an LLP would be the best option, because I would be starting this business and operating it with my sister. An LLP allows for a certain amount of liability and protects one …show more content…
In Business for the Glory of God, Grudem highlights and elaborates a myriad of biblical standards and principles for how to bring Glory to God while owning and operating a business, and even participating in business transactions in general. Some of the key facets covered in Grudem’s book include stewardship, appropriately handling money, and using what God has placed us over to care for others and the less fortunate. These are all key ideas that will be incorporated into the basic ethics and social responsibility plans of Neverland Cupcakes. One way to be good stewards over the bakery and supplies that God has placed the bakery over would be to be productive and produce cupcakes to increase revenue. This increased revenue will be utilized to provide for our families and the families of the workers, and can be used to care for those in need. Clothes can be purchased, especially during the wintertime, for the homeless, or those who are struggling financially and are unable to purchase clothes. Appropriately handling money would constitute being honest in our policies, especially since the ninth commandment calls followers to not lie (Exodus 20:16), and in the New Testament Jesus makes the famous statement on paying taxes as a responsibility of a Christian (Mark12:17). We are called, as children of God, …show more content…
The bakery may not have generated a sufficient amount of revenue within the first quarter or first few quarters of being in operation, and this could upset one of the partners and cause her to want to completely restructure the business structure of producing revenue for the bakery. The other partner believes that the business structure for incurring revenue should remain the same, and claims the bakery was experiencing growing pains being a new competitor in the free market system. The two partners are both at complete disagreement, with one wanting to completely restructure the business, and the other partner wanting to leave the structure of the business completely the