Main Objective: Agora Tutoring and Agora Connections are seeking comprehensive business advice on optimal corporate structures. We aim to understand how we can effectively organize both entities to enhance operational efficiency, provide liability protection, optimize tax liabilities, reduce insurance costs, simplify bookkeeping, and protect owners and business liabilities.

Project Goal: The goal of this project is to analyze the current structures of Agora Tutoring and Agora Connections and explore potential restructuring options. This includes examining the feasibility of creating a holding company, evaluating different business structures (e.g., LLC, corporation), and providing recommendations to reduce costs and improve legal and financial protections.

Project Activities:

Initial Research and Data Collection:

• Task: Gather detailed information about Agora Tutoring and Agora Connections, including their current business structures, operations, financial performance, strategic goals, and existing legal frameworks.
• Deliverable: A comprehensive overview report of the current state of both businesses.

Comparative Analysis of Business Structures:

• Task: Conduct a comparative analysis of various business structures (e.g., sole proprietorship, LLC, C-Corp, S-Corp, partnerships).
• Deliverable: A detailed report comparing the pros and cons of each business structure in terms of tax implications, liability protection, administrative requirements, insurance costs, and bookkeeping processes.

Feasibility Study for Holding Company:

• Task: Investigate the benefits and feasibility of creating a holding company to manage both Agora Tutoring and Agora Connections.
• Deliverable: A feasibility study report outlining the potential advantages, challenges, and steps required to establish a holding company.

Stakeholder Interviews and Surveys:

• Task: Conduct interviews with key stakeholders at Agora Tutoring and Agora Connections to understand their specific needs, challenges, and long-term goals. Develop and distribute surveys to gather insights from industry experts, small business owners, legal advisers, and insurance professionals.
• Deliverable: Summarized findings from interviews and surveys, highlighting key insights and recommendations.

Evaluation of Legal and Financial Implications:

• Task: Analyze the legal and financial implications of each business structure option, including potential savings on insurance costs and simplification of bookkeeping.
• Deliverable: An evaluation report detailing the legal and financial impacts of different business structures on current operations and future growth.

Risk Management and Liability Protection Assessment:

• Task: Assess the current liability exposure of both businesses and explore strategies to protect owners and business assets.
• Deliverable: A risk management report with recommendations on insurance policies and structures that can reduce costs while maintaining adequate coverage.

Final Recommendations and Implementation Plan:

• Task: Compile research findings and analysis into a comprehensive final report. Provide clear recommendations on the best business structures for Agora Tutoring and Agora Connections, including detailed reasoning, steps for implementation, and strategies for liability protection and cost reduction.
• Deliverable: A final comprehensive report with actionable recommendations and an implementation plan for restructuring the businesses.

Presentation to Stakeholders:

• Task: Prepare and deliver a presentation summarizing the project findings, recommendations, and implementation plan to Agora Tutoring and Agora Connections' senior management.
• Deliverable: A PowerPoint presentation and a Q&A session with stakeholders to discuss the recommendations and next steps.

Support & Mentorship:

To ensure learners have the necessary resources and guidance to successfully complete the project, Agora Tutoring and Agora Connections will provide comprehensive support and mentorship as follows:

Staff Time:

• Regular Check-Ins: Scheduled weekly check-ins with senior management to review progress, address challenges, and provide feedback.
• Feedback Sessions: Dedicated feedback sessions at key project milestones to ensure alignment with project goals and to provide constructive input.

Mentorship:

• Subject Matter Experts (SMEs): Access to Agora’s subject matter experts in business development, legal structures, strategic planning, and insurance for specialized advice and support.
• Guidance: Continuous guidance and mentorship from Agora’s senior management team to ensure the project stays on track and aligns with strategic goals.

Feedback and Review:

• Regular Reviews: Scheduled review meetings with Agora Tutoring and Agora Connections’ project leads to provide constructive feedback and ensure alignment with project goals.
• Final Review and Recommendations: A comprehensive final review of the developed strategies, proposals, and action plans, with recommendations for implementation and potential improvements.

By providing these supports and mentorship, Agora Tutoring and Agora Connections will ensure that learners have the necessary resources, guidance, and tools to successfully complete the project and achieve the desired outcomes.