FireRescue Depot is an S Corporation, registered and located in Chicago, IL.
FireRescue Depot has identified the type of equipment, and the start-up costs of the organization. The start-up expenditures will allow FireRescue Depot to open a small showroom for their equipment, launch a comprehensive eCommerce website, and have the necessary office support.
- Office furniture- enough for five workstations.
- Computer system- five workstations and one central file server. A laser printer, digital camera, scanner, and a broadband Internet connection will also be used. Needed software will be Business Plan Pro, Microsoft Office, and QuickBooks Pro.
- Copier and fax machine.
- Assorted furniture for the showroom.
- Storage shelving units.
- Assorted professional service providers fees including business, legal and accounting providers.
- Website development.
- Inventory for showroom.
|Total Start-up Expenses||$21,500|
|Other Current Assets||$6,500|
|Start-up Expenses to Fund||$21,500|
|Start-up Assets to Fund||$103,500|
|Total Funding Required||$125,000|
|Non-cash Assets from Start-up||$41,500|
|Cash Requirements from Start-up||$62,000|
|Additional Cash Raised||$10,000|
|Cash Balance on Starting Date||$72,000|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$135,000|
|Loss at Start-up (Start-up Expenses)||($21,500)|
|Total Capital and Liabilities||$113,500|
FireRescue Depot’s main shareholder in the S Corporation is Steve Dalmatian.