A Secret Garden

The business I have created is called “A Secret Garden”. This is a business that my mom and I had for several years that did really well. Unfortunately, we had to close shop due to family issues, and not enough help with the business. Sad to say, people were really upset, but family had to come first at the time. Now those times have passed, and we are ready to reopen the business, and let investors know that this is a sound business plan, especially on the accounting side. This business will be classified as a Limited Liability Company (LLC). The limited liability company is a distinct business entity that combines the corporate advantage of limited liability protection with “pass-through” taxation, the method of taxation afforded to both general partnerships and S corporations. I chose this simply because of the nature of the business. Companies that are considered LLC allow the owner to be free of all responsibility relating to debt. If the business was to fail the owner would not be held personally responsible for any loss. Although I would be required to send annual reports to the government on my business, this is perfect because with this being a fairly brand new business there is room for failure and my personal finances should be protected. My business would simply provide beautiful flowers and assorted beauties from all over the world to our area. These services would mostly be used in our neighborhood, so that is where my locations will be. This will be a perfect place for individuals to stop in and pick up an order for a romantic gesture, or something as simple as because it is “Wednesday”. It also implements convenience because customers can save time and create their orders online or over the phone. As one of the owners I will mainly be responsible for understanding auditing procedures, how the business should be run, and