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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. 

Law firm business plan, company summary chart image

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
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
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
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