Wooderful Floors is a newly formed Pennsylvania-based L.L.C. that offers customers environmentally-sound wood floor refinishing options. The company has been founded by Logan Madison as a start up in January.
2.1 Start-up Summary
Wooderful Floors will require the following start-up equipment:
Putty knives and scrapers
Shop vacuum cleaners
Ear protection, dust masks, safety goggles
Lamb's wool and natural bristle brushes
Various hand tools
Pneumatic nail finisher
Computer with Microsoft Office, QuickBooks Pro, a printer, and an Internet connection
Total Start-up Expenses
Other Current Assets
2.2 Company Ownership
Wooderful Floors is wholly owned by Logan Madison. The business has been financed by owner investment and a long-term bank loan.