SEE ATTACHED DOCUMENTS FOR FULL DETAILS:

It is a group assignment, but only responsible for this part:

    Find a professional strategic business plan template to develop a startup strategy for your virtual business (Online Project Management Consulting Firm).
    Identify and recommend two additional professionals to represent your virtual team on the board of directors for your virtual business.
    Propose the U.S. state and legal structure of business (sole proprietor, partnership, LLC, etc.) to register your virtual business.
    Explain why your team chose such a legal structure and the tax and operational implications pertaining to your chosen state (Illinois) and the Internal Revenue Service.
    Determine if a business license is needed and gather necessary information.