Hi, I need help creating 2 years of Cash Flow Statements and Income Statements for transporting company business. This just a school assignment . NOT an existing business . SEE THE ATTCHED PROFE

FATIMA TRANSPORTATION

Introduction

Fatima Transportation is a movement company that focuses on the transportation of people and commodities. It also involves providing transportation for other company owners who want assistance in connecting their product to their real operations. It encompasses several vehicles for different demands.

Product/Service Development Plan.

Fatima transportation is intended to be an inter-state transport company offering satisfactory transportation services to various clients. We aim to have 10 functional busses and four trucks for a start. The transportation services provided would be available 24 hours a day, seven days a week, and would provide clients with both movement and delivery services. The planned transportation activities will take place between Rhode Island and Massachusetts, but the company is prepared to expand if demand grows.

We will provide LTL (less than truckload) freight, which is the transportation of items or materials that do not require a full truckload, allowing us to provide low-cost transportation services by combining many parcels into one vehicle. Clients who use our bus services will be able to get cold beverages and snacks.

Fatima transportation will be registered as an LLC (limited liability company). This business structure would protect its owners from personal responsibility for its debts or liabilities. Limited liability companies (LLCs) are hybrid businesses that combine the advantages of a corporation with those of a partnership or a single proprietorship (How a Limited Liability Company (LLC) Works, n.d.).

To determine the validity of the name Fatima transportation, a background check was undertaken using legalzoom and two additional Google name test tools. A college bus stop with almost a similar name was discovered in India. We could, however, use the name without infringing anyone’s intellectual name or property.

Plan for developing a prototype (model) and testing.

The transportation and mobility industry is currently shifting to a service-centric business model. Business settings used to be concentrated on the supply of products or stand-alone services prior to the transformation. As a result, solution-oriented services are complicated in nature and necessitate the integration of many service providers' skills. This mandates the creation of expressly controlled business networks in which conventional mobility and transportation service providers, equipment vendors, government agencies, and user organizations collaborate to co-create value-in-use (Traganos et al., 2015).

We plan to use customer-driven needs for solution-oriented services which changes considerably fast. Rapid advancements in information and transportation technologies will bolster this process even more. As a result, controlling service delivery agility will be a critical aspect in Fatima’s transportation market position. We intend to keep up with the market trends by doing constant research on other transportation companies.

Fatima transport will offer three types of services; moving people across states; transporting packaged goods and parcels; transporting shipped containers to various clients. We intend to distribute management tasks among the three members of the partnership. We will first lease three busses to test various pick-up and drop-off locations to figure out the highest traffic areas. We would also have suggestion boxes on the bus just in case a passenger is not satisfied or is grateful for our business.

We chose partnership to be the legal structure of Fatima transportation because when it comes to forming a business relationship, partnership is a huge plus. Profits and losses are shared among partners in the arrangement. A partnership's members are legally responsible for their own acts as well as the activities of their business partners. Partnerships, on the other hand, may pose more tax and liability issues than a corporation would.

Timeline:

We intend to start the transport company on 4th April 2022. Our first operation would be to register as a partnership business and lease three buses. We should be able to locate best operation route within the first month of operation.

Intellectual property

Our company will require trademark for its operations. Our trademark, Fatima transportation Ltd., will be registered under the trademark’s act. We would register this to ensure we have the sole right to use the trademark across the states for 10 years(Overview of Trademark Law, n.d.). We plan to renew our trademark every 10 years after that. This would secure our commercial identity by discouraging other businesses from adopting a name that is "confusingly similar" to our trademark.

References:

How a Limited Liability Company (LLC) Works. (n.d.). Investopedia. Retrieved February 25, 2022, from https://www.investopedia.com/terms/l/llc.asp

Overview of Trademark Law. (n.d.). Retrieved February 26, 2022, from https://cyber.harvard.edu/metaschool/fisher/domain/tm.htm

Traganos, K., Grefen, P., Hollander, A., Turetken, O., & Eshuis, R. (2015). Business model prototyping for intelligent transport systems: A service-dominant approach. https://doi.org/10.13140/RG.2.2.23069.72160