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Write Bike

Company Summary

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
  • Scanner
  • Laser printer
  • Digital camera
  • Microsoft Office, Adobe FrameMaker, Adobe PhotoShop, and Adobe Acrobat.
Magazine journalist business plan, company summary chart image

Start-up Expenses
Legal $200
Stationery, etc. $200
Insurance $150
Rent $250
Total Start-up Expenses $800
Start-up Assets
Cash Required $9,200
Other Current Assets $0
Long-term Assets $5,000
Total Assets $14,200
Total Requirements $15,000
Start-up Funding
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
Total Assets $14,200
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
Kraig Guthrie-Owner $15,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $15,000
Loss at Start-up (Start-up Expenses) ($800)
Total Capital $14,200
Total Capital and Liabilities $14,200
Total Funding $15,000