Write Bike is a sole proprietorship that is located with the home of Kraig Guthrie. It was founded in January 2003. The business is based in Kraig’s home. Kraig pays a fixed amount of rent per month based on the square footage that his office occupies relative to the rest of the house.
2.1 Company Ownership
Write Bike is a home based business owned and operated by Kraig Guthrie.
2.2 Start-up Summary
Write Bike requires the following equipment for its article writing services.
- Macintosh G4 computer
- DSL Internet connection
- Laser printer
- Digital camera
- Microsoft Office, Adobe FrameMaker, Adobe PhotoShop, and Adobe Acrobat.
|Total Start-up Expenses||$800|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$800|
|Start-up Assets to Fund||$14,200|
|Total Funding Required||$15,000|
|Non-cash Assets from Start-up||$5,000|
|Cash Requirements from Start-up||$9,200|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$9,200|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$15,000|
|Loss at Start-up (Start-up Expenses)||($800)|
|Total Capital and Liabilities||$14,200|