A community management statement (CMS) is a document that set up rules and regulations for living in a corporate entity, its development, shared property that is divided among individual lots and the rules for payment.
Contribution schedule, interest schedule, and schedule of lot entitlements.
- Business Structure: What business structure will your company take, a sole proprietorship, an LLC, a partnership or a corporation? This determination will form the basis for the rest of the areas in this section.
- Management Team: Who will oversee the company? If you’re forming a corporation, who will make up the Board of Directors? An organizational chart can be a good visual to use to illustrate this element.
- Management Team Gaps: What are your anticipated personnel needs? How will each role, once filled, contribute to the success of your company?
- Other Personnel: Aside from your Board and employees, what external support will help the business function? This could include attorneys, accountants, public relations professionals, administrative support and even an external advisory board.
- Personnel Growth Plan: What are the salaries of each person to be involved with the company for the next three years? This should provide a bottom line cost for personnel expenditures.
Friendly marketing aligns well with their mission statement. They have adapted the common tech-friendly sentiment of “making the world a better place,” but they have incorporated their own unique spin on this value by turning its focus toward their product. While this mission statement might be vague, they narrow their focus just enough to make their mission statement feel personalized to their company.