Seacliff is a start-up, limited-liability corporation, incorporated in the State of Oregon.
The company is 80% owned by the founder and inventor of the Supreme, with the remaining shares owned by six individual investors.
To complete the necessary start-up funds, external financing must be obtained. The start-up table is itemized below.
Start-up Expenses: Various expenses, such as legal, travel, salaries, and design costs for the start of the plan.
Start-up Inventory: Prior to any sales, which are projected to begin in January, cash is needed to purchase materials included in the kit.
Long-term Assets: In addition to minor office equipment the major Long-term asset represents the purchase price of Patent Number 6,038,806.
Start-Up Funding: The inventor/founder has invested heavily in the company. Additional money has been invested by six individual investors. A further sum has been invested in a barter agreement in exchange for essential peg and graphic illustration work (see Design Preproduction Expenses). Between mid-October and the end of December, a final sum is expected to be raised from sale of stock to individual investors.
The company is located in Florence, Oregon, where there is adequate storage and office space available.