StructureAll Ltd. is a new company which provides professional engineering design services for clients which manage, maintain, and plan for residential, commercial, and industrial type buildings. Our focus will be the public sector market in remote communities across Canada’s North.
2.1 Company Ownership
StructureAll Ltd. will be created as a limited liability company. The company will be privately owned by Philip D. Nolan. Leslie C. Goit will also be listed as a Director.
2.2 Start-up Summary
Our start-up expenses allow for initial legal expenses, licenses, permits, stationary, specialty software, office equipment, and furniture. In addition to these start-up costs, an initial balance will be placed in the company accounts. The software purchases include an allowance of $5,000 for AutoCADD® 2000, $1,800 for National Master Specifications, and $200 for QuickBooks® (accounting package).
Philip Nolan will contribute towards the overall start-up costs.
|Start-up Expenses to Fund||$13,000|
|Start-up Assets to Fund||$12,000|
|Total Funding Required||$25,000|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$12,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$12,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$25,000|
|Total Planned Investment||$25,000|
|Loss at Start-up (Start-up Expenses)||($13,000)|
|Total Capital and Liabilities||$12,000|
|Professional Liability Insurance||$1,200|
|Permit Holder (NAPEGG)||$500|
|Total Start-up Expenses||$13,000|
|Other Current Assets||$0|
2.3 Company Locations and Facilities
We will establish a home office in Yellowknife, NT in order to reduce start-up costs. The office space is estimated to be 150 square feet. We will be installing a dedicated fax line as well as a high-speed Internet connection. An interactive website will also be developed which will serve as a marketing tool. The domain name of “structureall.com” has already been reserved.