Gaian Adventure Fabrics will be a small company, starting out with a retail location and a virtual store online.
2.1 Company Ownership
Gaian Adventure Fabric and Notions is a sole proprietorship owned by Martha Thimble.
2.1.1 Start-up Summary
Gaian Adventure Fabric and Notions will incur the following start-up costs:
Computer system with printer, CD-RW, Microsoft Office, QuickBook Pro, and scanner.
Phone line with DSL Internet connection.
Desk, chair, and file cabinet.
Rack to hold bolts of fabric.
Shelving to organize all of the notions.
Large table for cutting fabric.
Hand rotary fabric cutter, electric rotary fabric cutter, cutting boards.
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.