Electronic Filing Storage Business Plan

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Company Summary

MyHaystack.com is an Internet marvel. Imagine if your mail carrier not only delivered mail to your front door, but also cleared the piles of documents off your desk and filed everything in the appropriate folder in your filing cabinet. MyHaystack.com delivers, organizes, and files your documents electronically, without ever entering your home. Like a home filing cabinet, MyHaystack.com stores product owner’s manuals, insurance policies, financial statements, and other product and service information. An electronic gatekeeper protects your privacy by allowing you to determine what information is added or removed from your files.

2.1 Company Ownership

MyHaystack.com was formed as a C-Corporation and is headquartered in California. The two founders are currently the directors of the company and the majority shareholders. In addition to shares held by the founding partners, a number of shares have been set aside to accommodate an employee incentive plan. Shares have been authorized to accommodate future investors. MyHaystack.com corporate offices are located in San Francisco, CA.

2.2 Start-up Summary

MyHaystack.com is raising $450,000 in private investment. The funds will be used to complete the prototype development, add members to both the management team and board of advisors, and to establish additional corporate relationships necessary to launch the complete service.

Sbp, electronic filing storage business plan, company summary chart image

Start-up Expenses
Legal $5,000
Stationery etc. $500
Brochures $3,500
Consultants $10,000
Insurance $1,000
Rent $500
Research and development $5,000
Expensed equipment $10,000
Other $1,500
Total Start-up Expenses $37,000
Start-up Assets
Cash Required $453,000
Other Current Assets $10,000
Long-term Assets $0
Total Assets $463,000
Total Requirements $500,000
Start-up Funding
Start-up Expenses to Fund $37,000
Start-up Assets to Fund $463,000
Total Funding Required $500,000
Non-cash Assets from Start-up $10,000
Cash Requirements from Start-up $453,000
Additional Cash Raised $0
Cash Balance on Starting Date $453,000
Total Assets $463,000
Liabilities and Capital
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Planned Investment
John Smith $30,000
Jane Doe $20,000
Other $0
Additional Investment Requirement $450,000
Total Planned Investment $500,000
Loss at Start-up (Start-up Expenses) ($37,000)
Total Capital $463,000
Total Capital and Liabilities $463,000
Total Funding $500,000

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