Business description

A useful business description (concept) covers simple, straightforward facts:

• type of business (e.g. retail, wholesale, construction);
• legal structure (e.g. corporation, partnership, LLC);
• the owner(s)/operator(s) and their backgrounds;
• products or services to be produced;
• business history, if the firm previously existed;
• hours of operation;
• location;
• business goals and objectives.

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