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What should I put for my business purpose?

Your business purpose is the reason you have formed your company boiled down to a single sentence (or two). It can be industry-specific or general enough to include ancillary and future business activities. To understand business purpose, it is important to distinguish it from your companys vision or mission.

How do you find your business purpose?

Ask the Questions Inside the Question to Find Your Business Purpose What inspired your business idea? Whats interesting about your founding story? What is unique about your business? What problem is your company trying to solve? How has your business evolved? Whats your business purpose?

What should be included in a business purpose?

What a specific LLC purpose statement should include The name of the founder of the company. Your business name. The date of the companys formation is specific. The companys market status. The legal organization of the company. Your companys products and services you will be providing to consumers.

Whats a business purpose?

A business purpose describes the reason, or purpose, that a company was initially founded. It describes what makes a business unique, as well as what the business plans to do. A business purpose is not a mission or value statement and is much shorter than both.

What is a business purpose example?

CDW: To help our customers achieve their goals by providing them with the technology advice and products they need, when they need them. Centene: Transforming the health of the community, one person at a time. Charles Schwab: To champion every clients goals with passion and integrity.