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
| Start-up | |
| Requirements | |
| 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 |
| Assets | |
| 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 | |
| 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 | |
| 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 |
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