EcoAquatics is starting very small, with the intention that it will be there later on, with a few key reference clients, when it is time to grow.
2.1 Start-up Summary
We have the advantage of a very simple start-up. There is no equipment needed, no rent, not even a phone line. Because we are purposely focusing on just a few clients who are friends and family, we don’t need sales literature. The cost is the registration with the State of Oregon.
|Start-up Expenses to Fund||$50|
|Start-up Assets to Fund||$0|
|Total Funding Required||$50|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$0|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$0|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Self investment from savings||$50|
|Additional Investment Requirement||$0|
|Total Planned Investment||$50|
|Loss at Start-up (Start-up Expenses)||($50)|
|Total Capital and Liabilities||$0|
|Total Start-up Expenses||$50|
|Other Current Assets||$0|
2.2 Company Ownership
EcoAquatics is registered in the State of Oregon, Lane County, as a fictitious business name. The business is owned and operated entirely by Megan Berry, who turned 15 a couple months before it was founded.