Legal Associates Temp Agency
The Legal Associates Temp Agency (LATA), soon to be located in Portland, OR, will offer clients temp legal professionals. LATA will provide existing law firms with temp attorneys, both generalists as well as specialists. Law firms may use LATA’s attorneys for limited duration projects, or may decide to convert our attorneys into one of their employees.
LATA will target two types of firms. The first is mid-size firms which typically have larger variance of workload from month to month than larger firms. LATA will also be serving smaller-size firms who need temp attorneys at times to help ease the work load.
LATA will operate out of a commercial office located in a professional building in downtown Portland. LATA, once up and running, will consist of five people. LATA’s projected growth indicates a steady increase in sales after the first few months of set up.
2.1 Company Ownership
LATA will be an Oregon Corporation, with Steve Stopgap as the sole shareholder.
2.2 Start-up Summary
LATA’s start-up costs will include all of the equipment needed for the office, website creation, and advertising costs.
The office will require a computer system with a total of five workstations and a dedicated machine to be used as a terminal. The computers will need the minimum specifications: 500 megahertz Celeron/Pentium processor, 64 megabytes of RAM, 6 gigabyte hard drive and one computer with a CD-RW. A laser printer and DSL router will also be needed.
Advertising costs will be associated with the need to increase visibility of LATA to its prospective customers, including a website to communicate their message.
|Total Start-up Expenses||$1,200|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$1,200|
|Start-up Assets to Fund||$63,800|
|Total Funding Required||$65,000|
|Non-cash Assets from Start-up||$5,000|
|Cash Requirements from Start-up||$58,800|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$58,800|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$65,000|
|Loss at Start-up (Start-up Expenses)||($1,200)|
|Total Capital and Liabilities||$63,800|