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Boutique Law Firm and Title Company in Hohenwald Tennessee. - Research Paper Example
Finance & Accounting
Pages 8 (2008 words)
Syndicate Law Firm (Author’s name) (Institutional Affiliation) Executive Summary The Syndicate Law Firm will be a general law firm located in Lewis County, Hohenwald, Tennessee. The Syndicate Law Firm will specialize in the law of real estate. The company will counsel clients on local and state laws, and federal regulations that will govern the development of real estate in Lewis…
James Mark has a passion for the law and is comfortable with the real estate aspects of it. Specifically title searches, which forms the genealogy of land ownership. As a starting company, Syndicate Law firm will forecast its revenue. Revenue forecast is the amount of money calculated that Syndicate firm expects to receive from its sales. It is almost impossible to predict the yearly revenues of Syndicate Company precisely. It is critically crucial for Syndicate to develop a revenue budget of high quality. Managers of Syndicate will spend their time to assess the condition of the market, conduct analysis and negotiate with superiors to set the revenue expectations. This is possible for the company by setting aggressive but achievable targets. Therefore, revenue forecast plays a crucial in the present economies. It helps Syndicate understand how programs of the company affect the levels of domestic income. It also offers insight into the company’s economic health in the long-term and short-term (“Idaho real estate: practice & law”, 2002). Consequently, revenue forecast is crucial because it enables the managers of Syndicate to re-adjust the company’s annual budget. Adjustments are based on the company’s cash inflow’s estimate and keep off a large deficit of the budget. ...
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