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Kaolin Calefactors
Company Summary
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.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Website development | $0 |
| Brochures | $150 |
| Other | $0 |
| Total Start-up Expenses | $650 |
| Start-up Assets | |
| Cash Required | $11,750 |
| Other Current Assets | $0 |
| Long-term Assets | $5,600 |
| Total Assets | $17,350 |
| Total Requirements | $18,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $650 |
| Start-up Assets to Fund | $17,350 |
| Total Funding Required | $18,000 |
| Assets | |
| 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 |
| Total Assets | $17,350 |
| 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 | |
| Sue | $18,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $18,000 |
| Loss at Start-up (Start-up Expenses) | ($650) |
| Total Capital | $17,350 |
| Total Capital and Liabilities | $17,350 |
| Total Funding | $18,000 |