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Everywhere Assistant

Company Summary

Everywhere Assistant has been formed as a sole proprietorship by Sadie Clark.  The company will incur some start expenses detailed in section 2.2.

2.1 Company Ownership

Sadie Clark has formed Everywhere Assistant as a sole proprietorship.  Sadie will invest money of her own as well as money received from her family.

2.2 Start-up Summary

The following equipment/services will be needed for purchase to allow Everywhere Assistant to begin operations:

  • Windows computer
  • Mac computer
  • Laser printer
  • Broadband Internet connection
  • Scanner
  • Fax machine
  • Copier
  • Various software including Adobe Acrobat, Photoshop and PageMaker, Microsoft Office, Word Perfect, and QuickBooks Pro
  • Attorney services to develop a standard contract template for clients
Administrative service business plan, company summary chart image

Start-up Expenses
Legal $1,000
Website Development $5,000
Insurance $50
Rent $150
Total Start-up Expenses $6,200
Start-up Assets
Cash Required $16,800
Other Current Assets $0
Long-term Assets $7,000
Total Assets $23,800
Total Requirements $30,000
Start-up Funding
Start-up Expenses to Fund $6,200
Start-up Assets to Fund $23,800
Total Funding Required $30,000
Non-cash Assets from Start-up $7,000
Cash Requirements from Start-up $16,800
Additional Cash Raised $0
Cash Balance on Starting Date $16,800
Total Assets $23,800
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
Sadie $20,000
Family $10,000
Additional Investment Requirement $0
Total Planned Investment $30,000
Loss at Start-up (Start-up Expenses) ($6,200)
Total Capital $23,800
Total Capital and Liabilities $23,800
Total Funding $30,000