Data Recovery Business Plan

Electronic Detectives

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Company Summary

Electronic Detectives will be a limited liability corporation registered in the state of Delaware for tax purposes. The company has a limited number of private investors and does not plan to go public. The company has its main offices in Portland, Oregon. The facilities include a computer forensics lab,  conference rooms and office spaces. The company expects to begin offering its services in January of 2003.

The company's main clients will be law firms requiring identification, restoration, and analysis of electronic data. The firm offers a wide variety of services in order to reduce costs to our clients, which can reduce overall legal fees to individuals, firms and institutions.

2.1 Company Ownership

The company will have a number of outside private investors who will own 47% of the company's shares. The rest will be owned by the senior management including Mr. David Radcliffe, (20%), Mrs. Julie Walters (10%), Mr. Brad Rinke (15%), and Mr. William Orcott (7%). All other financing will come from loans.

2.2 Start-up Summary

Total start-up requirements are $510,750 which includes a cash account of $341,550 to cover initial operating expenses prior to achieving the break-even level. The majority of our financing comes from investors, who are providing $297,000. Current borrowing will also provide $50,000 and there is long-term borrowing of $120,000.

Start-up
Requirements
Start-up Expenses
Legal $6,000
Insurance $5,000
utilities $200
Rent $2,000
Accounting and bookkeeping fees $2,000
Research and Development $4,500
Advertising $6,500
Other $15,000
Total Start-up Expenses $41,200
Start-up Assets
Cash Required $341,550
Other Current Assets $0
Long-term Assets $128,000
Total Assets $469,550
Total Requirements $510,750
Start-up Funding
Start-up Expenses to Fund $41,200
Start-up Assets to Fund $469,550
Total Funding Required $510,750
Assets
Non-cash Assets from Start-up $128,000
Cash Requirements from Start-up $341,550
Additional Cash Raised $0
Cash Balance on Starting Date $341,550
Total Assets $469,550
Liabilities and Capital
Liabilities
Current Borrowing $50,000
Long-term Liabilities $120,000
Accounts Payable (Outstanding Bills) $43,750
Other Current Liabilities (interest-free) $0
Total Liabilities $213,750
Capital
Planned Investment
Mr. David Radcliffe $60,000
Mrs. Julie Walters $30,000
Mr. Brad Rinke $45,000
Mr. William Orcott $21,000
Others $141,000
Additional Investment Requirement $0
Total Planned Investment $297,000
Loss at Start-up (Start-up Expenses) ($41,200)
Total Capital $255,800
Total Capital and Liabilities $469,550
Total Funding $510,750
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Start-up
Requirements
Start-up Expenses
Legal $6,000
Insurance $5,000
utilities $200
Rent $2,000
Accounting and bookkeeping fees $2,000
Research and Development $4,500
Advertising $6,500
Other $15,000
Total Start-up Expenses $41,200
Start-up Assets
Cash Required $341,550
Other Current Assets $0
Long-term Assets $128,000
Total Assets $469,550
Total Requirements $510,750
Start-up Funding
Start-up Expenses to Fund $41,200
Start-up Assets to Fund $469,550
Total Funding Required $510,750
Assets
Non-cash Assets from Start-up $128,000
Cash Requirements from Start-up $341,550
Additional Cash Raised $0
Cash Balance on Starting Date $341,550
Total Assets $469,550
Liabilities and Capital
Liabilities
Current Borrowing $50,000
Long-term Liabilities $120,000
Accounts Payable (Outstanding Bills) $43,750
Other Current Liabilities (interest-free) $0
Total Liabilities $213,750
Capital
Planned Investment
Mr. David Radcliffe $60,000
Mrs. Julie Walters $30,000
Mr. Brad Rinke $45,000
Mr. William Orcott $21,000
Others $141,000
Additional Investment Requirement $0
Total Planned Investment $297,000
Loss at Start-up (Start-up Expenses) ($41,200)
Total Capital $255,800
Total Capital and Liabilities $469,550
Total Funding $510,750