Scan Lab has been formed as a Massachusetts corporation. It is solely owned by Carolyn Jones.
2.1 Start-up Summary
Scan Lab will need to purchase the necessary equipment for the clinic.
- Office furniture for four exam rooms. This equipment will be purchased used in good condition. This will be done as a cost saving measure.
- Receptionist office furniture and assorted waiting room furniture (this will also be purchased in good, used condition).
- Three computers, one with QuickBooks Pro, all with Microsoft Office, a central laser printer and broadband Internet connection.
- Medical scanning devices:
- X-ray machine
- Ultra sound unit
- CAT scan imaging machine
- MRI imaging machine
|Total Start-up Expenses||$10,600|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$10,600|
|Start-up Assets to Fund||$1,179,400|
|Total Funding Required||$1,190,000|
|Non-cash Assets from Start-up||$861,500|
|Cash Requirements from Start-up||$317,900|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$317,900|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$330,000|
|Loss at Start-up (Start-up Expenses)||($10,600)|
|Total Capital and Liabilities||$1,179,400|
2.2 Company Ownership
Carolyn Jones is the sole stockholder of the Scan Lab corporation.