Green Investments is a Washington-based financial service company that is concentrating on the niche of environmentally responsible companies. The company is owned by Steve Burke and Sarah Lewis. It has been formed as a L.L.C.
2.1 Start-up Summary
The following equipment will be needed for start up:
- Phone system (5 line).
- Workstation computers (4), back end server, DSL Internet connection, and laser printer.
- Office furniture, meeting room and waiting room furniture.
- Monthly service charge for Bears Stearns software.
- Fax machine, copier, lighting, and assorted office supplies.
|Research and Development||$9,000|
|Total Start-up Expenses||$20,000|
|Other Current Assets||$7,000|
|Start-up Expenses to Fund||$20,000|
|Start-up Assets to Fund||$105,000|
|Total Funding Required||$125,000|
|Non-cash Assets from Start-up||$26,000|
|Cash Requirements from Start-up||$79,000|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$79,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$125,000|
|Loss at Start-up (Start-up Expenses)||($20,000)|
|Total Capital and Liabilities||$105,000|
2.2 Company Ownership
Steve Burke and Sarah Lewis equally own Green Investments. While they initially were going to create a S Corporation as the business formation, they decided to form as a L.L.C. as a means to avoid double taxation found with a corporation yet realizing the benefits of personal liability avoidance.