What type of business entity would you choose and why?

Final Group Project/Presentations:
Students will work in small groups (usually 2 students per group, depending on class size) to develop a group proposal that targets a business/organization/league/team etc. and propose a business budget/plan that will ideally target to increase revenues and profits in the short and/or long term. You can think of this project as the culmination of everything you have learned throughout the semester. In addition to a written proposal to be handed in to me, you will also be pitching your ideas to the class. Your presentation should be persuasive and convince me and others that your idea is a good one, in order to attract investors and/or financial backing. More detailed information regarding this project will be handed out later in the semester.
In further detail, based on the information learned in the textbook and using the guidelines listed on pages 120-124, create a business plan accompanied by a pro forma budget for a sports related business of your choice. It can be an online service, sports/apparel store, sports team, existing business or new, that needs to raise funds for expansion, start up costs etc.
The emphasis should be on the financial and budgeting part of the business plan (not marketing, strategic planning, production issues, etc), although all aspects should be discussed.
You may choose one partner and present to the class as if you were presenting to a financial institution, hoping to obtain funding for your project/business plan.
You will be expected to produce work prior to the final deadline in stages as listed below:
1. What type of business entity would you choose and why?
2. You have $10k of your own money to invest in your sports related business. Explain how you will use that money and why.
3. How can the business raise the money required to build a new sports facility, for example? Or would you choose stocks, bonds to raise money?
4. Class presentation (during last 2 weeks of semester).
Points to include are (but not limited to):
Emphasize financial projections and capital needs for your business project.
Revenue/expense sources
Business structure (non profit, profit)
Financial planning (capital needs, projections, industry norms)
Forecasting of potential revenues
Budgeting for the future (short and long term)
Sources of capital
Capital growth

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