Executive Search and Rescue Firm
Company Summary
Executive, soon to be located in downtown Portland, is an executive search firm for emerging companies. While the majority of Executive’s clients will be high technology clients, Executive will be able to serve any type of fast growing company.
Executives’ extensive networking system will allow them to have a high placement ratio. Additionally, Executives sophisticated screening system will ensure that the placements will be long lived.
2.1 Company Ownership
Executive is an Oregon Corporation, founded and owned by Dan Bloodhound.
2.2 Start-up Summary
Executive will have the following start-up costs:
- Legal fees. For the formation of the business form as well as generation and review of assorted contracts.
- Office equipment. This includes desks, chairs, filing cabinets and couches, etc.
- Computer system. This will include the necessary computer equipment for a server and three workstations. Also needed will be a printer, CD-RW, and a DSL connection.
- Web creation fees. Executive will have a website and these are the costs associated with the development of the site.
- Advertising costs.
The assets that are used for more than a year will be listed as long-term assets and depreciated using the straight-line method.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $1,000 |
| Stationery etc. | $250 |
| Brochures | $0 |
| Website Development | $500 |
| Insurance | $0 |
| Rent | $0 |
| Research and Development | $0 |
| Expensed Equipment | $0 |
| Other | $0 |
| Total Start-up Expenses | $1,750 |
| Start-up Assets | |
| Cash Required | $20,750 |
| Other Current Assets | $0 |
| Long-term Assets | $2,500 |
| Total Assets | $23,250 |
| Total Requirements | $25,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $1,750 |
| Start-up Assets to Fund | $23,250 |
| Total Funding Required | $25,000 |
| Assets | |
| Non-cash Assets from Start-up | $2,500 |
| Cash Requirements from Start-up | $20,750 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $20,750 |
| Total Assets | $23,250 |
| 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 | |
| Dan | $25,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $25,000 |
| Loss at Start-up (Start-up Expenses) | ($1,750) |
| Total Capital | $23,250 |
| Total Capital and Liabilities | $23,250 |
| Total Funding | $25,000 |
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