Kaolin Calefactors is a Eugene, OR based start-up company that hand makes production and custom ceramic dishware. KC sells their products in local crafts stores, craft fairs, and via their website.
2.1 Company Ownership
Kaolin Calefactors is a sole proprietorship founded and owned by Sue Glazer.
2.2 Start-up Summary
Kaolin Calefactors will incur the following start-up costs:
- Computer system with a CD-RW, printer, Microsoft Office and QuickBooks Pro.
- Commercial kiln.
- Electric potters wheel.
- Storage containers for the clay and glazes.
- Assorted tools for trimming, edging and glazing.
- Shelves and large tables for storage and work spaces.
- Website development.
Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.
| Start-up |
|
|
| Legal |
$500 |
| Website development |
$0 |
| Brochures |
$150 |
| Other |
$0 |
| Total Start-up Expenses |
$650 |
|
|
| Cash Required |
$11,750 |
| Other Current Assets |
$0 |
| Long-term Assets |
$5,600 |
| Total Assets |
$17,350 |
|
|
| Total Requirements |
$18,000 |
| Start-up Funding |
| Start-up Expenses to Fund |
$650 |
| Start-up Assets to Fund |
$17,350 |
| Total Funding Required |
$18,000 |
|
|
| Non-cash Assets from Start-up |
$5,600 |
| Cash Requirements from Start-up |
$11,750 |
| Additional Cash Raised |
$0 |
| Cash Balance on Starting Date |
$11,750 |
| Total Assets |
$17,350 |
|
|
|
|
|
|
| Liabilities |
|
| Current Borrowing |
$0 |
| Long-term Liabilities |
$0 |
| Accounts Payable (Outstanding Bills) |
$0 |
| Other Current Liabilities (interest-free) |
$0 |
| Total Liabilities |
$0 |
|
|
| Capital |
|
|
|
| Planned Investment |
|
| Sue |
$18,000 |
| Investor 2 |
$0 |
| Other |
$0 |
| Additional Investment Requirement |
$0 |
| Total Planned Investment |
$18,000 |
|
|
| Loss at Start-up (Start-up Expenses) |
($650) |
| Total Capital |
$17,350 |
|
|
|
|
| Total Capital and Liabilities |
$17,350 |
|
|
| Total Funding |
$18,000 |