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The Company Corporation names winner of its first Business Plan Contest
Pearl Somboonsong, 21, takes home $1,000 prize in contest that celebrates the entrepreneurial spirit
Wilmington, DE - May 20, 2013 The Company Corporation (www.incorporate.com), the leader in helping small businesses incorporate and form limited liability companies (LLCs), is pleased to congratulate Pearl Somboonsong, winner of its first-ever Business Plan Contest. Open to participants from around the country, the contest encourages young entrepreneurs to grow their ideas into start-up and early-stage businesses.
Somboonsong, 21, of Radnor, Pennsylvania, brought home the $1,000 prize for her winning business plan executive summary, which described a business called InPlace, an "aging in place" solution that would enable seniors to stay at home, in a familiar residential setting, by using their home equity to pay for affordable home health care services. The Company Corporation's panel of judges was impressed by the thoughtfulness and commercial potential of Somboonsong's plan.
A junior at Cornell University, Somboonsong served an internship last summer with Brookdale Senior Living, in Pennsylvania, which informed the details of her proposal. The hands-on experience "cultivated my interest in the senior living industry and gave me key insights while developing the InPlace business plan," she says.
In 2010, Somboonsong founded Focus, a nonprofit organization dedicated to creating educational opportunities for students in underdeveloped regions of northern Thailand. The enterprise drew praise from U.S. News & World Report and to date remains "the most meaningful achievement I have had the privilege of leading," Somboonsong says.
The Company Corporation is now taking entries for its next quarterly Business Plan Contest. Deadline to enter is June 30, 2013. To learn more and to review the contest rules, be sure to visit www.incorporate.com/business_plan_contest.html
About The Company Corporation
With more than 500,000 businesses formed, The Company Corporation® provides affordable incorporation services to small businesses and entrepreneurs nationwide. In addition to filing corporations and limited liability companies (LLCs) in all 50 states and the District of Columbia, The Company Corporation offers a wide range of products and services, including license and permit assistance, corporate kits, business education books, certificates of good standing, Registered Agent services, and business start-up services. Based in Delaware, The Company Corporation serves small business owners nationwide through its websites, www.incorporate.com and www.llc.com.