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</html><thumbnail_url>https://development-work.com/tloboise/wp-content/uploads/2019/04/computer-drink-iphone-586339.jpg</thumbnail_url><thumbnail_width>900</thumbnail_width><thumbnail_height>601</thumbnail_height><description>Entrepreneurs, startups, and established companies must each consider many of the same business and legal issues before setting up a new business. Although it is not a legal requirement, at the outset of a new business venture, the founders should clearly define the business&#x2019; objectives in a concise, dynamic business plan to effectively communicate these goals to key stakeholders such as lenders, equity investors, suppliers, distributors, and management. Among other things, effective business plans should: (i) include an executive summary; (ii) describe the products or services to be offered; (iii) list the company assets, liabilities, budgets, and key timeless; (iv) summarize management structure, company structure, and company goals; (v) profile the target customer and analyze the competition and market trends; (vi) describe marketing strategies; and (viii) and forecast sales growth and profits. However, before disclosing a business plan to outside parties, a nondisclosure agreement should be signed to protect sensitive business information. At Taylor Law Offices, we specialize in drafting nondisclosure agreements that protect a business&#x2019; confidential information.</description></oembed>
