Gaian Adventure Fabric and Notions
Company Summary
Gaian Adventure Fabrics will be a small company, starting out with a retail location and a virtual store online.
2.1 Company Ownership
Gaian Adventure Fabric and Notions is a sole proprietorship owned by Martha Thimble.
2.1.1 Start-up Summary
Gaian Adventure Fabric and Notions will incur the following start-up costs:
- Computer system with printer, CD-RW, Microsoft Office, QuickBook Pro, and scanner.
- Phone line with DSL Internet connection.
- Desk, chair, and file cabinet.
- Rack to hold bolts of fabric.
- Shelving to organize all of the notions.
- Large table for cutting fabric.
- Hand rotary fabric cutter, electric rotary fabric cutter, cutting boards.
- Inventory.
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 |
Stationery etc. | $100 |
Inventory | $10,000 |
Web site development | $3,000 |
Total Start-up Expenses | $13,600 |
Start-up Assets | |
Cash Required | $20,900 |
Start-up Inventory | $0 |
Other Current Assets | $0 |
Long-term Assets | $3,500 |
Total Assets | $24,400 |
Total Requirements | $38,000 |
Start-up Funding | |
Start-up Expenses to Fund | $13,600 |
Start-up Assets to Fund | $24,400 |
Total Funding Required | $38,000 |
Assets | |
Non-cash Assets from Start-up | $3,500 |
Cash Requirements from Start-up | $20,900 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $20,900 |
Total Assets | $24,400 |
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 | |
Martha | $38,000 |
Investor 2 | $0 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $38,000 |
Loss at Start-up (Start-up Expenses) | ($13,600) |
Total Capital | $24,400 |
Total Capital and Liabilities | $24,400 |
Total Funding | $38,000 |