Bus485 Final Business Plan

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BUS-485
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2/01/2013

Executive Summery

Overview
Company Name
LOOP-HOLES, ACCOUNTING, ADVISING, TAX AND ASSURANCE SERVICE. Background
Loop-Holes was founded in January 2013 by ________ CMA, CPA, CFA, AAMS, EA and his business associates _______ CPA, CMA, JD, LLM, AAMS and _________ CPA, CFA, AAMS. The company provides accounting, advising, tax, and assurance services. We also provide our clients with Investment services through our partner company PrimeVest Financial Services. VISION

To be recognized as the best professional service organization committed to our clients needs. Loop-Holes will accomplish this task by going the extra step to provide above average customer service and follow up. Mission

To be the top performing accounting firm in the markets we serve by providing our clients with extraordinary customer service and personalized financial solutions. Loop-Holes will distinguish itself from competitors in service to ensure our clients’ needs are met. Slogan

When the Tax Man is in your neighborhood and you need a way out. Who do you call? “Loop-Holes”
Competitive Advantage
Affordability and personality are the keys to our competitive advantage. By providing services at a cheaper rate and working with individuals to find an affordable price, we will be able to compete with the surrounding accounting firms that charge a high dollar for their services. By having personalized service we can retain our clients as we continue to grow and expand in the Phoenix market. We will treat every client with the highest level of customer service and if we grow too big to provide such service more CPAs and Partners will be added to the team. By providing clients with services such as retirement and estate planning with investment advice and planning we will have a huge competitive advantage. Unlike most CPA firms who don’t provide investments services such as stocks and bonds, this is where we will break the mold. We will provide our clients with accounting and tax advice concerning investments as well. Services

* Audits, Reviews and Compilations * Financial Statements * Financial Forecasts & Projections * Bookkeeping/Write-Up * Tax Preparation * Estate & Trust Tax Preparation * Tax Planning| * Payroll Services * Sales Tax Services * Estate Planning * Accounting Software Selection & Implementation * Health Care Entity Audits, Cost Reports, Rate Reimbursement Services * Buying and Selling a Business * Investment Advisement and Capital Gain Tax|

* Environmental Analysis and Industry Analysis: Due to the nature of the industry and our operational plan ‘Loop Holes’ does not see a major threat from outside sources with the exception of Power of Buyers. * Marketing Plan: Along with ads in the Yellow Pages and online advertising we will begin by marketing to all the banks in the valley. Through our university and club associations, our partners have established professional relationships all over the valley. This network will enable us to market our services to primaries all over Maricopa County and then the entire state. * Organizational Plan: CEO _________, CFO _________, COO ______, Office Manager _________, and Marketing Manager ___________ in a decentralized leadership similar to Google and EBay. * Operational Plan: Developing relationships with the Banking industries in Arizona starting with MidFirst as our initial core customers, followed by referral based customers using incentives with both employees and customers as networking is the lifeblood of our chosen industry. * Financial Plan: Initial funding is the partners’ personal savings of $20 thousand each. Secondary funding is a line of credit at MidFirst Bank of $50 thousand, and family commitments of loans of approximately $100 thousand. Our startup capital is $210 thousand, which with our researched fixed expenses totaling $14,329.17 we...
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