Starting a New Company

Paper Summary:

This paper first presents the business concept of the Zero Horsepower Cab Company, that of an environmentally friendly replacement for taxicabs in small resort towns, and then presents an overall business plan for the new company. The paper outlines the structure of the company, the type of consultants it will seek out and use, and its budgeting plan.

From the Paper:

"Because there is a good deal of liability to be assumed in a business in which customers are transported through traffic in open vehicles at a speed of no more than 5 miles per hour while other city-street traffic may be doing 30 to 35 mph, it was determined that the structure of the business will be a corporation. Other forms sole proprietorship, partnership and limited liability corporation (LLC) do not offer the same degree of liability and other protections offered by a corporation, although those other formats are less expensive to form (Steingold, 2002, Findlaw Web site)."

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