Setting up a

Private Limited Company

By Zahabiya 9g2
Requirements
1. A company name
2. An address for the company
3. Appoint a director and a company secretary
4. Get at least one shareholder to invest his/hers shares
5. Sign and agree Memorandum of Association and Articles of
Association
6. Register for Corporation Tax

A business plan sample

Name of Business Drake Bakes Bakery Ltd
Type of Organization Private limited company
Business aim To provide a homey welcoming atmosphere with freshly
baked treats 24/7
Product Festive and also simple, baked goods and confectionary
Price Average price of AED 3
Market aimed for People of all ages
Market research undertaken Questionnaires conducted for research
and the results
Human Resource plan 3 staff minimum to be employed excluding the owners to
be employed initially
Details of business owners Olivia Dunham front counter experience of 2 years
John Reese former pastry chef with experience of 6
years
Production details and business Main suppliers Tavola
costs Fixed costs of business Dhs 60,000
Sponsorship costs AED 50,000
Location of business Villa # 34, St # 16, Jumeira, Dubai
Main equipment required Latest models of kitchen equipment AED 10,000
Forecast profit Total costs to be Dhs 70,000 in the first year with a
revenue of Dhs 90,000
Predicted profit = Dhs 20,000
Cash flow Negative cash flow due to high set up costs
Finance Dhs 30,000 to be invested by each owner
Other finances invested by friends and family of owners
adding up toDhs 50,000
Questions to be asked to a rival bakery owner
1. What type of business organization do you run?
- A private limited company.
2. What are your business objectives?
- To continue my fathers dream.
3. What kind of consumers are you aiming at?
- Families, generally.
4. What are your main costs?
- Theyre usually water and electricity bills and our few
employees salary
5. Will your products sold expenses be enough to satisfy your main
costs?
- In the long run yes. When we had opened our first branch in
Sharjah, we had barely scraped by.
6. Where exactly is your firm located?
- Bldg # 21 on St Rolla in Ajman.
7. How much capitol is required?
- The expenses to maintain our commercial oven is pretty
much annual, along with our standard bakery refrigerator and
ingredients used, etc.
8. How many workers do you employ?
- We employ a head chef and his 2 assistants and 2 more to
provide aid to our customers upfront. Thiss excluding us
owners though.