LivePlan lets you create as many companies as you’d like, up to your company limit. This gives you the flexibility to do things like set up one company to test the feasibility of expanding your existing business and set up another company to flesh out the idea for an entirely different business. You can easily switch between companies in your account using the Companies menu.
Tip: If you are already at your company limit, and you don't want to upgrade to a higher limit, just archive your active company first and then add a new company. There is no limit to the number of companies you may keep in your archive.
If you've just created an account, you'll automatically be taken to the Create a new company page.
If you have an existing account and want to add another company, click the Companies menu, and then click Create New Company:
Step 1: Enter a company name
Be sure to give each company a unique and meaningful name (between 2 and 60 characters long). LivePlan allows you to have more than one company with the same name, but this isn't recommended.
The name you enter will appear on your pitch and at the top of each page of your business plan document. It will also help you distinguish this company from the others in your account:
Step 2: Choose a business stage
While the purpose of startup planning may be to seek funding, the purpose of planning for an existing company might be to improve how the business is being managed. Naturally, the contents of each type of plan will be a bit different. The business stage you choose here just helps LivePlan determine the overall purpose of your planning so that the relevant sections are included in the outline for your initial plan document. There’s no need to agonize over the choice you make here, because you can always add or remove plan sections later if you need to.
Step 3: Decide when your forecast should start
Think about when you will begin to execute your business plan, and then choose the month and year. We recommend selecting a date that reflects when you first begin to experience financial activity, such as spending or sales, or important milestones. This way, the initial expenditures you make as you prepare to open your business (i.e., on marketing or equipment) are captured in your forecast.
Step 4: Select the length of your forecast
Choose whether you want your forecast to extend three years into the future or five:
Step 5: Decide how detailed your forecast will be
Indicate how many of those years should include detail at the monthly level:
Step 6: Choose the currency you want to use
For each company in your LivePlan account, you can designate the currency symbol you want to use.
Note: This setting only changes the currency symbol used; it does not perform currency conversions. The numbers you enter will remain the same regardless of the currency symbol you choose here. Once you've created your company, you can change the currency setting again on the Options tab.
If the symbol you want to use isn't listed, choose Other and enter the desired symbol in the field provided:
Step 7: Give other users access
If you have multiple users on your LivePlan account, you will see a user access section where you can choose to share your company with others:
- All users - Choose this to share the company with everyone you’ve previously invited as guests or contributors.
- Only me - Choose this to keep the company to yourself.
- Choose users - To pick and choose specific users to share the company with, place check marks next to the people listed.
Create your company
When you have completed all of the selections on this page, click Create Company: