1. Write a 3–4 page paper in which you:
2. Develop an idea for a prospective small business – a BANQUET HALL.
3. The name of the banquet hall is, “THE RSVP”
4. Identify its key competitors and summarize the strengths and weaknesses of one of the competitors. The competitor could be a hotel.
5. Prepare a mission statement that encompasses the purpose of the business and considers its target market.
6. This will be an LLC business. Identify the ownership form for this business, taking into consideration tax implications, liability exposure, managerial ability, and cost of formation.
7. Include at least two references outside the textbook.