eDocFile

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Internet Court Documents Business Plan

Company Summary

eDocFile develops electronic filing systems to assist the judicial branch of government in increasing efficiency through the use of Web based extranet technology. Our customers are 1) court systems who want to increase efficiency without a loss of security or control, and without large expenditures of time or capital, and 2) lawyers who want convenience and reliability when considering e-filing as an option.

2.1 Start-up Summary

After the beta version is completed, salaries, operating overhead and marketing expenses will kick in. We anticipate this happening in the second half of Year 1. Seed funding will be sought from angel investors.

Start-up
Requirements
Start-up Expenses
Legal $4,000
Stationery etc. $500
Brochures $2,000
Consultants $3,000
Insurance $6,000
Rent $18,000
Research and Development $95,000
Expensed Equipment $15,000
Other $0
Total Start-up Expenses $143,500
Start-up Assets
Cash Required $341,500
Other Current Assets $215,000
Long-term Assets $0
Total Assets $556,500
Total Requirements $700,000
Start-up Funding
Start-up Expenses to Fund $143,500
Start-up Assets to Fund $556,500
Total Funding Required $700,000
Assets
Non-cash Assets from Start-up $215,000
Cash Requirements from Start-up $341,500
Additional Cash Raised $0
Cash Balance on Starting Date $341,500
Total Assets $556,500
Liabilities and Capital
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
Friends and family $200,000
Angel Investor $450,000
Government Grant $50,000
Additional Investment Requirement $0
Total Planned Investment $700,000
Loss at Start-up (Start-up Expenses) ($143,500)
Total Capital $556,500
Total Capital and Liabilities $556,500
Total Funding $700,000

2.2 Company Ownership

eDocFile is a privately held New York S Corporation, we plan to file for incorporation in the state of Delaware shortly before product launch. Claire Xoe and Brian Sliver, both founders, share ownership equally. As the company increases in size, shares will be distributed among employees.