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Kaolin Calefactors is a Eugene, OR based start-up company that hand makes production and custom ceramic dishware. KC sells their products in local crafts stores, craft fairs, and via their website.
2.1 Company Ownership
Kaolin Calefactors is a sole proprietorship founded and owned by Sue Glazer.
2.2 Start-up Summary
Kaolin Calefactors will incur the following start-up costs:
- Computer system with a CD-RW, printer, Microsoft Office and QuickBooks Pro.
- Commercial kiln.
- Electric potters wheel.
- Storage containers for the clay and glazes.
- Assorted tools for trimming, edging and glazing.
- Shelves and large tables for storage and work spaces.
- Website development.
Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.
|Total Start-up Expenses||$650|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$650|
|Start-up Assets to Fund||$17,350|
|Total Funding Required||$18,000|
|Non-cash Assets from Start-up||$5,600|
|Cash Requirements from Start-up||$11,750|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$11,750|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$18,000|
|Loss at Start-up (Start-up Expenses)||($650)|
|Total Capital and Liabilities||$17,350|