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Mt. Hood Records

Company Summary

Mt. Hood Records is a start-up organization that has been founded as an Oregon based L.L.C. The founder is Hillary MacQuilliams. The company was founded in January 2003.

2.1 Company Ownership

The company has been founded and is primarily owned by Hillary MacQuilliams. Hillary has invested personal funds in the business and will seek additional investment money from friends and family.

2.2 Start-up Summary

Mt. Hood Records will purchase the following equipment needed for the start up phase of the business:

  • Laptop computer
  • Various printed material

Mt. Hood Records will initially be located in Hillary’s home. For years two and three a small space will be used primarily for inventory management and sales operations.

Mt. Hood Records will be operating on no revenue for the first year with low overhead. Mt. Hood Records will rely on the owner’s investment and money from friends and family. It will be too difficult to secure bank debt due to the long period of time before revenue.

Hillary will not take a salary for the first two years. This becomes less important since she will not be securing unfamiliar investors or bank debt which typically want the principal to draw a salary. For the first year Hilary will be making investments of sweat equity.

Music recording producer business plan, company summary chart image

Start-up Expenses
Legal $0
Stationery etc. $0
Brochures $500
Website development $6,000
Insurance $0
Rent $150
Research and Development $0
Expensed Equipment $0
Other $0
Total Start-up Expenses $6,650
Start-up Assets
Cash Required $19,350
Start-up Inventory $0
Other Current Assets $0
Long-term Assets $2,000
Total Assets $21,350
Total Requirements $28,000
Start-up Funding
Start-up Expenses to Fund $6,650
Start-up Assets to Fund $21,350
Total Funding Required $28,000
Non-cash Assets from Start-up $2,000
Cash Requirements from Start-up $19,350
Additional Cash Raised $0
Cash Balance on Starting Date $19,350
Total Assets $21,350
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
Hillary MacQuilliams $10,000
Family and Friends $18,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $28,000
Loss at Start-up (Start-up Expenses) ($6,650)
Total Capital $21,350
Total Capital and Liabilities $21,350
Total Funding $28,000