Hamlin and Park Design
Courtney Hamlin and Katherine Park will start Hamlin and Parks Design to offer a wide range of interior design services to clients in southwest Claremont. The company has a high level of expertise in interior design and will provide superior personal services to all clients. Courtney and Katherine take pride in knowing that 50% of their business comes from repeat clients and their referrals.
Our responsibility as interior design professionals is to take the client’s design goals and utilize our skills and resources to exceed the client’s expectations for service, value, functionality, and beauty.
2.1 Company Ownership
The owners and designers of Hamlin and Park Design are Courtney Hamlin and Katherine Park.
2.2 Start-up Summary
Courtney Hamlin and Katherine Park will invest $60,000 in Hamlin and Park Design. They will also secure a $50,000 loan.
The following table and chart show projected initial start-up costs for Hamlin and Park Design.
|Start-up Expenses to Fund||$20,550|
|Start-up Assets to Fund||$79,450|
|Total Funding Required||$100,000|
|Non-cash Assets from Start-up||$20,000|
|Cash Requirements from Start-up||$59,450|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$59,450|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$10,000|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$60,000|
|Loss at Start-up (Start-up Expenses)||($20,550)|
|Total Capital and Liabilities||$79,450|
|Utilities Start Up||$250|
|Total Start-up Expenses||$20,550|
|Other Current Assets||$20,000|