Wy'East Law Firm
Company Summary
WLF is a law firm serving technology companies and public interest organizations, and will subsidize its public interest work with local companies. WLF specializes in mergers and acquisitions as well as stock option plans, but can handle most legal needs for a technology company.
The technology work will subsidize the company’s public interest work which will be billed out at the cost of overhead.
2.1 Company Ownership
WLF is a limited liability company, owned solely by Richard Bloom.
2.2 Start-up Summary
WLF’s start-up costs will include all equipment needed for the home office, website creation, and advertising.
The home office equipment will be the largest chunk of the start-up expenses. This equipment includes 4 computers, a fax machine, copier, cellular phone, office supplies, additional land line, a DSL connection, and office furniture.
Start-up expenses will also include advertising. Two methods will be used: a content-only website and the Yellow Pages.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $0 |
| Stationery etc. | $100 |
| Website creation | $500 |
| DSL installation | $150 |
| Office equipment | $500 |
| Rent | $0 |
| Research and development | $0 |
| Expensed equipment | $0 |
| Other | $0 |
| Total Start-up Expenses | $1,250 |
| Start-up Assets | |
| Cash Required | $18,750 |
| Other Current Assets | $0 |
| Long-term Assets | $5,000 |
| Total Assets | $23,750 |
| Total Requirements | $25,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $1,250 |
| Start-up Assets to Fund | $23,750 |
| Total Funding Required | $25,000 |
| Assets | |
| Non-cash Assets from Start-up | $5,000 |
| Cash Requirements from Start-up | $18,750 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $18,750 |
| Total Assets | $23,750 |
| 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 | |
| Investor 1 | $25,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $25,000 |
| Loss at Start-up (Start-up Expenses) | ($1,250) |
| Total Capital | $23,750 |
| Total Capital and Liabilities | $23,750 |
| Total Funding | $25,000 |
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