Gaming Futures, LLC
Company Summary
Gaming Futures, LLC, is a game development studio providing Windows application development/support, PS2 development, XBox development, 2D and 3D art and visual effects, and project guidance. The company will be organized as a Limited Liability Corporation.
2.1 Company Ownership
Gaming Futures, LLC is owned by its team of developers:
- Bill Kerl
- Diane Huber
- Marcus Hathcock
- Jillian Daley
- Jeremy Lang
2.2 Company Locations and Facilities
Gaming Futures is located in a 3,000 square foot office space in the Northwest Industrial Park in northwest Madison.
2.3 Start-up Summary
The start-up expense for the Gaming Futures is focused primarily on equipment and office space. William, Diane, Marcus, Jillian, and Jeremy will each invest $35,000. In addition, Gaming Futures will secure a $100,000 long term loan.
| Start-up Funding | |
| Start-up Expenses to Fund | $124,300 |
| Start-up Assets to Fund | $150,700 |
| Total Funding Required | $275,000 |
| Assets | |
| Non-cash Assets from Start-up | $90,000 |
| Cash Requirements from Start-up | $60,700 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $60,700 |
| Total Assets | $150,700 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $100,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $100,000 |
| Capital | |
| Planned Investment | |
| Bill Kerl | $35,000 |
| Diane Huber | $35,000 |
| Marcus Hathcock | $35,000 |
| Jillian Daley | $35,000 |
| Jeremy Lang | $35,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $175,000 |
| Loss at Start-up (Start-up Expenses) | ($124,300) |
| Total Capital | $50,700 |
| Total Capital and Liabilities | $150,700 |
| Total Funding | $275,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $400 |
| Brochures | $400 |
| Insurance | $1,000 |
| Rent | $1,500 |
| Expensed Equipment | $120,000 |
| Total Start-up Expenses | $124,300 |
| Start-up Assets | |
| Cash Required | $60,700 |
| Other Current Assets | $20,000 |
| Long-term Assets | $70,000 |
| Total Assets | $150,700 |
| Total Requirements | $275,000 |
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