Don't bother with copy and paste.

Get this complete sample business plan as a free text document.

Download for free

Policy & Legal Nonprofit icon Nonprofit Law Firm Business Plan

Start your plan

Advocates for Legal Equal Access

Executive Summary

Advocates for Legal Equal Access is a not-for-profit public interest law firm that provides civil rights legal representation to indigent Portland citizens. Advocates’ provides legal aid to those that cannot afford it and those that are not serviced through other organizations. By nature, America is a fairly litigious society, and while everyone has the same legal rights, attorneys are generally required for someone to enforce/assert their rights. This is not a problem for people with money, but for those without, civil rights are often compromised. Advocates for Legal Equal Access will reverse this trend by offering legal aid to those that could not otherwise afford it.

Advocates for Legal Equal Access is founded and lead by Al Rand.  Al will leverage his outstanding networking and marketing skills to bring visibility and donations to the organization. Advocates for Legal Equal Access will rely on law firms and corporate money donations, as well as pro bono donations from fellow attorneys. Advocates for Legal Equal Access will be started up with a donation of time and money from Al and will sustain itself off of donations.

Nonprofit law firm business plan, executive summary chart image

1.1 Objectives

The objectives for the first three years of operation include:

  1. To create a service-based organization whose primary goal is to exceed customer’s expectations.
  2. To serve the Portland community with legal representation for societal members who could not otherwise afford representation.
  3. To increase donations by 20% per year.

1.2 Mission

Advocates for Legal Equal Access’ mission is to provide the Portland indigent community with legal services for civil rights issues.  We exist to attract and maintain customers.  When we adhere to this maxim, everything else will fall into place.  Our services will exceed the expectations of our customers.

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Organization Summary

Advocates for Legal Equal Access will be set up as an Oregon nonprofit organization, qualifying for 501C(3) status.

2.1 Start-up Summary

Advocates for Legal Equal Access will incur the following start-up costs:

  • Three networked computers, including one printer and one CD-RW drive, a DSL connection with a DSL router.
  • Three desks and chairs, all purchased at a used furniture store for increased value.
  • Assorted office supplies.
  • Stationary.
  • Website development fees.  The website will be primarily used for visibility with corporations and law firms to further the sense of legitimacy of the organization.
Nonprofit law firm business plan, organization summary chart image

Start-up Funding
Start-up Expenses to Fund $200
Start-up Assets to Fund $9,800
Total Funding Required $10,000
Assets
Non-cash Assets from Start-up $4,700
Cash Requirements from Start-up $5,100
Additional Cash Raised $0
Cash Balance on Starting Date $5,100
Total Assets $9,800
Liabilities and Capital
Liabilities
Current Borrowing $0
Long-term Liabilities $0
Accounts Payable (Outstanding Bills) $0
Other Current Liabilities (interest-free) $0
Total Liabilities $0
Capital
Planned Investment
Al $10,000
Donor 2 $0
Other $0
Additional Investment Requirement $0
Total Planned Investment $10,000
Loss at Start-up (Start-up Expenses) ($200)
Total Capital $9,800
Total Capital and Liabilities $9,800
Total Funding $10,000
Start-up
Requirements
Start-up Expenses
Legal $0
Stationery etc. $200
Other $0
Total Start-up Expenses $200
Start-up Assets
Cash Required $5,100
Other Current Assets $0
Long-term Assets $4,700
Total Assets $9,800
Total Requirements $10,000

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Services

Advocates for Legal Equal Access provides civil rights legal services for the Portland indigent community.  These types of services range from discrimination, to fair housing practices, to 1st amendment issues, to due process claims.  These services will apply to individuals who qualify for services using the Advocates minimum qualification system, based on a variety of factors including income, access to other legal alternatives, and the type of litigation that is being sought or defended.

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Market Analysis Summary

Advocates for Legal Equal Access will provide legal services to people who do not qualify for other types of legal aid because 1) they do not fit the economic profile, 2) the other organizations do not have the time, resources, or do not specialize in that particular type of law.

Advocates for Legal Equal Access will be in constant contact with the other legal aid organizations to develop a referral system to support the Portland indigent community.

4.1 Market Segmentation

The Advocates’ market can be segmented into two different segments:

  • People who do not qualify for other legal aid agencies for economic reasons but qualify for Advocates.
  • People who have legal needs that are not currently served by existing legal aid agencies.
Nonprofit law firm business plan, market analysis summary chart image

Market Analysis
Year 1 Year 2 Year 3 Year 4 Year 5
Potential Customers Growth CAGR
Customers based on economic restraint 9% 22,547 24,576 26,788 29,199 31,827 9.00%
Customers based on litigation subject 9% 31,455 34,286 37,372 40,735 44,401 9.00%
Other 0% 0 0 0 0 0 0.00%
Total 9.00% 54,002 58,862 64,160 69,934 76,228 9.00%

4.2 Target Market Segment Strategy

Advocates for Legal Equal Access will target the different segments by developing relationships with other legal aid organizations.  By developing a relationship with these organizations, Advocates will obtain new clients when they are unable to serve.

Advocates will also target new clients by developing awareness of itself with different courts in the city so that the court is aware of Advocates and can refer the people to them. 

As long as the proper agencies and organizations are aware of the Advocates, then it will not be difficult to get clients as the legal aid sector has demand that outstrips supply.

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Strategy and Implementation Summary

Advocates for Legal Equal Access will rely on Al’s marketing and fundraising to raise awareness of Advocates and to solicit donations as the primary income income stream.  Al will leverage his extensive network of legal and corporate contacts to raise funds for Advocates.  Al will also use his contacts to solicit donations of time from fellow attorneys to help out with the case load.

5.1 Competitive Edge

Advocates for Legal Equal Access’ competitive edge is their effectiveness as fundraisers.  The legal aid market is always in demand as there are far more customers as there are service providers.  For this reason it is important to be able to fund your organization. Advocates founder, Al Rand, has developed an extensive network of colleagues after practicing for ten years at a large Portland law firm.  Al will be able to use his network to develop donations from the firms and their individual members. 

Another component of the Advocates’ competitive edge is Al’s marketing skills.  These will be used to set up programs with the large firms to give their attorneys credit toward pro bono requirements as well as to their yearly hourly requirements, encouraging more donations of time from the attorneys. 

5.2 Marketing Strategy

Advocates for Legal Equal Access’ marketing strategy will be based on marketing themselves to different law firms as well as to different corporations. The law firms will be targeted for cash donations as well donations of attorney’s time. The corporations will be targeted for fiscal donations. 

Al will use his marketing skills learned in his MBA studies to market Advocates as an organization that offers public interest support for the greater Portland community. Approximately 40% of Al’s time will be spent fundraising/marketing. A lot of this time will be spent traveling around and meeting with the different leaders of the organizations and convincing them that Advocates is a well run organization, deserving of the company’s support. Because Al comes from ten years of law practice in a well respected firm, he generates a lot of legitimacy or visibility in the Portland community. For corporations or law firms that are donating time or money to the Advocates, they are reassured that they will gain from their donation because of the visibility that they will get from their donation, the better “bang for the buck” efficiency of delivery of services of the Advocates, and the positive feeling of their financial civic virtue.

The attorneys sought will be convinced to donate their time to Advocates because it is a particularly efficient organization and the time donation will be of greater value (meaning more people will be served) than the same time donation to another cause.

5.3 Fundraising Strategy

This topic was covered in the previous marketing sections since these two activities are so intertwined in nonprofit organizations.

5.3.1 Funding Forecast

It is forecasted that initial funding will be slow for the first few months.  Al will be making an initial donation for the start-up costs.  After month four as the organization is truly up and running and has gained visibility in the community, the donations will begin to flow in at a more regular rate.  This applies to both fiscal donations as well as attorneys’ donations of their time to take over case loads.

Nonprofit law firm business plan, strategy and implementation summary chart image

Funding Forecast
Year 1 Year 2 Year 3
Funding
Law Firms $29,546 $38,954 $38,985
Corporations $29,445 $37,455 $41,888
Total Funding $58,991 $76,409 $80,873
Direct Cost of Funding Year 1 Year 2 Year 3
Law Firms $0 $0 $0
Corporations $0 $0 $0
Subtotal Cost of Funding $0 $0 $0

5.4 Milestones

Advocates for Legal Equal Access will have several milestones early on:

  1. Business plan completion.  This will be done as a roadmap for the organization.  This will be an indispensable tool for the ongoing performance and improvement of the company.
  2. Set up the office.
  3. Official release of the website.
  4. The first case won.
  5. Donations exceeding $50,000.
Milestones
Milestone Start Date End Date Budget Manager Department
Business plan completion 1/1/2001 2/1/2001 $0 ABC Marketing
Set up the office 1/1/2001 2/1/2001 $0 ABC Department
Official release of the website 1/1/2001 2/1/2001 $0 ABC Department
The first case won 1/1/2001 4/1/2001 $0 ABC Department
Donations exceeding $50,000 1/1/2001 11/30/2001 $0 ABC Department
Totals $0

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Management Summary

Al Rand received his Bachelor of Arts from Oberlin college in OH.  Following college, Al spent two years in Ghana, Africa for the Peace Corps developing sustainable agriculture for the local villages.  After the Peace Corps Al applied and was accepted to Willamette University’s College of Law and Atkinson Graduate School of Management. During the school year Al spent all of his free time with Willamette’s public interest student organization. During the summers Al worked for Stoel Rives.  His hope was to work for Stoel Rives (the largest Portland law firm) after graduation to gain excellent experience as well as participate in their pro bono program where pro bono hours count toward yearly hourly requirements for the firm. 

Upon graduation Al got an offer from Stoel and accepted it.  Al practiced in the domestic affairs corporate divisions for ten years.  During this time he got to know a large part of the legal and corporate community in Portland.  After ten years of practice Al felt that he had developed enough skills, networking, and enough earned enough money to start up his own nonprofit public interest law firm.

6.1 Personnel Plan

Al will work full-time for Advocates.  Approximately 40% of his time will be spent marketing/fundraising, while the remaining time will be spent doing legal work and administrative/management details.  At month three an administrative assistant/paralegal will be hired.  These will be the only paid positions. 

Advocates for Legal Equal Access will receive law student interns through Lewis and Clark as well as Willamette University.  Local attorneys will also be donating their time to help out with the case load.

Personnel Plan
Year 1 Year 2 Year 3
Al $22,500 $33,000 $35,000
Adminstrative assistant/paralegal $16,000 $20,000 $20,000
Other $0 $0 $0
Total People 2 2 2
Total Payroll $38,500 $53,000 $55,000

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Financial Plan

The following sections will outline important financial information.

7.1 Important Assumptions

The following table details important financial assumptions.

General Assumptions
Year 1 Year 2 Year 3
Plan Month 1 2 3
Current Interest Rate 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00%
Tax Rate 0.00% 0.00% 0.00%
Other 0 0 0

7.2 Projected Surplus or Deficit

The following table will indicate surplus or deficit.

Nonprofit law firm business plan, financial plan chart image

Surplus and Deficit
Year 1 Year 2 Year 3
Funding $58,991 $76,409 $80,873
Direct Cost $0 $0 $0
Other Production Expenses $0 $0 $0
Total Direct Cost $0 $0 $0
Gross Surplus $58,991 $76,409 $80,873
Gross Surplus % 100.00% 100.00% 100.00%
Expenses
Payroll $38,500 $53,000 $55,000
Sales and Marketing and Other Expenses $1,200 $1,200 $1,200
Depreciation $936 $936 $936
Web site + DSL $1,620 $1,620 $1,620
Utilities $600 $600 $600
Insurance $2,100 $2,100 $2,100
Rent $6,000 $6,000 $6,000
Payroll Taxes $5,775 $7,950 $8,250
Other $0 $0 $0
Total Operating Expenses $56,731 $73,406 $75,706
Surplus Before Interest and Taxes $2,260 $3,003 $5,167
EBITDA $3,196 $3,939 $6,103
Interest Expense $0 $0 $0
Taxes Incurred $0 $0 $0
Net Surplus $2,260 $3,003 $5,167
Net Surplus/Funding 3.83% 3.93% 6.39%

7.3 Break-even Analysis

The Break-even Analysis is shown below.

Nonprofit law firm business plan, financial plan chart image

Break-even Analysis
Monthly Revenue Break-even $4,728
Assumptions:
Average Percent Variable Cost 0%
Estimated Monthly Fixed Cost $4,728

7.4 Projected Cash Flow

The following chart and table will indicate projected cash flow.

Nonprofit law firm business plan, financial plan chart image

Pro Forma Cash Flow
Year 1 Year 2 Year 3
Cash Received
Cash from Operations
Cash Funding $58,991 $76,409 $80,873
Subtotal Cash from Operations $58,991 $76,409 $80,873
Additional Cash Received
Sales Tax, VAT, HST/GST Received $0 $0 $0
New Current Borrowing $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0
New Long-term Liabilities $0 $0 $0
Sales of Other Current Assets $0 $0 $0
Sales of Long-term Assets $0 $0 $0
New Investment Received $0 $0 $0
Subtotal Cash Received $58,991 $76,409 $80,873
Expenditures Year 1 Year 2 Year 3
Expenditures from Operations
Cash Spending $38,500 $53,000 $55,000
Bill Payments $15,773 $19,392 $19,745
Subtotal Spent on Operations $54,273 $72,392 $74,745
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0
Purchase Other Current Assets $0 $0 $0
Purchase Long-term Assets $0 $0 $0
Dividends $0 $0 $0
Subtotal Cash Spent $54,273 $72,392 $74,745
Net Cash Flow $4,719 $4,017 $6,128
Cash Balance $9,819 $13,835 $19,963

7.5 Projected Balance Sheet

The following table will indicate the projected balance sheet.

Pro Forma Balance Sheet
Year 1 Year 2 Year 3
Assets
Current Assets
Cash $9,819 $13,835 $19,963
Other Current Assets $0 $0 $0
Total Current Assets $9,819 $13,835 $19,963
Long-term Assets
Long-term Assets $4,700 $4,700 $4,700
Accumulated Depreciation $936 $1,872 $2,808
Total Long-term Assets $3,764 $2,828 $1,892
Total Assets $13,583 $16,663 $21,855
Liabilities and Capital Year 1 Year 2 Year 3
Current Liabilities
Accounts Payable $1,523 $1,600 $1,625
Current Borrowing $0 $0 $0
Other Current Liabilities $0 $0 $0
Subtotal Current Liabilities $1,523 $1,600 $1,625
Long-term Liabilities $0 $0 $0
Total Liabilities $1,523 $1,600 $1,625
Paid-in Capital $10,000 $10,000 $10,000
Accumulated Surplus/Deficit ($200) $2,060 $5,063
Surplus/Deficit $2,260 $3,003 $5,167
Total Capital $12,060 $15,063 $20,230
Total Liabilities and Capital $13,583 $16,663 $21,855
Net Worth $12,060 $15,063 $20,230

7.6 Business Ratios

The following table outlines some of the more important ratios from the Offices of Laywers industry. The final column, Industry Profile, details specific ratios based on the industry as it is classified by the Standard Industry Classification (SIC) code, 8111.

Ratio Analysis
Year 1 Year 2 Year 3 Industry Profile
Funding Growth 0.00% 29.53% 5.84% 8.50%
Percent of Total Assets
Other Current Assets 0.00% 0.00% 0.00% 66.90%
Total Current Assets 72.29% 83.03% 91.34% 75.50%
Long-term Assets 27.71% 16.97% 8.66% 24.50%
Total Assets 100.00% 100.00% 100.00% 100.00%
Current Liabilities 11.21% 9.60% 7.44% 50.20%
Long-term Liabilities 0.00% 0.00% 0.00% 12.90%
Total Liabilities 11.21% 9.60% 7.44% 63.10%
Net Worth 88.79% 90.40% 92.56% 36.90%
Percent of Funding
Funding 100.00% 100.00% 100.00% 100.00%
Gross Surplus 100.00% 100.00% 100.00% 0.00%
Selling, General & Administrative Expenses 96.17% 96.07% 93.61% 58.20%
Advertising Expenses 0.00% 0.00% 0.00% 0.50%
Surplus Before Interest and Taxes 3.83% 3.93% 6.39% 3.40%
Main Ratios
Current 6.45 8.65 12.29 1.54
Quick 6.45 8.65 12.29 1.09
Total Debt to Total Assets 11.21% 9.60% 7.44% 63.10%
Pre-tax Return on Net Worth 18.74% 19.94% 25.54% 12.30%
Pre-tax Return on Assets 16.64% 18.02% 23.64% 33.40%
Additional Ratios Year 1 Year 2 Year 3
Net Surplus Margin 3.83% 3.93% 6.39% n.a
Return on Equity 18.74% 19.94% 25.54% n.a
Activity Ratios
Accounts Payable Turnover 11.36 12.17 12.17 n.a
Payment Days 27 29 30 n.a
Total Asset Turnover 4.34 4.59 3.70 n.a
Debt Ratios
Debt to Net Worth 0.13 0.11 0.08 n.a
Current Liab. to Liab. 1.00 1.00 1.00 n.a
Liquidity Ratios
Net Working Capital $8,296 $12,235 $18,338 n.a
Interest Coverage 0.00 0.00 0.00 n.a
Additional Ratios
Assets to Funding 0.23 0.22 0.27 n.a
Current Debt/Total Assets 11% 10% 7% n.a
Acid Test 6.45 8.65 12.29 n.a
Funding/Net Worth 4.89 5.07 4.00 n.a
Dividend Payout 0.00 0.00 0.00 n.a

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan

Appendix

Funding Forecast
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Funding
Law Firms 0% $0 $1,245 $1,400 $2,645 $3,254 $3,300 $2,985 $2,745 $2,978 $3,004 $2,845 $3,145
Corporations 0% $0 $1,000 $1,500 $2,254 $3,000 $2,845 $2,900 $3,005 $3,245 $2,995 $3,356 $3,345
Total Funding $0 $2,245 $2,900 $4,899 $6,254 $6,145 $5,885 $5,750 $6,223 $5,999 $6,201 $6,490
Direct Cost of Funding Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Law Firms $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Corporations $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cost of Funding $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Personnel Plan
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Al 0% $0 $0 $0 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500
Adminstrative assistant/paralegal 0% $0 $0 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600 $1,600
Other 0% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total People 0 0 1 2 2 2 2 2 2 2 2 2
Total Payroll $0 $0 $1,600 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100

General Assumptions
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Plan Month 1 2 3 4 5 6 7 8 9 10 11 12
Current Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Long-term Interest Rate 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Tax Rate 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Other 0 0 0 0 0 0 0 0 0 0 0 0

Surplus and Deficit
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Funding $0 $2,245 $2,900 $4,899 $6,254 $6,145 $5,885 $5,750 $6,223 $5,999 $6,201 $6,490
Direct Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Production Expenses $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Direct Cost $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gross Surplus $0 $2,245 $2,900 $4,899 $6,254 $6,145 $5,885 $5,750 $6,223 $5,999 $6,201 $6,490
Gross Surplus % 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Expenses
Payroll $0 $0 $1,600 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100
Sales and Marketing and Other Expenses $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100 $100
Depreciation $78 $78 $78 $78 $78 $78 $78 $78 $78 $78 $78 $78
Web site + DSL $135 $135 $135 $135 $135 $135 $135 $135 $135 $135 $135 $135
Utilities $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50 $50
Insurance $175 $175 $175 $175 $175 $175 $175 $175 $175 $175 $175 $175
Rent $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500 $500
Payroll Taxes 15% $0 $0 $240 $615 $615 $615 $615 $615 $615 $615 $615 $615
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Operating Expenses $1,038 $1,038 $2,878 $5,753 $5,753 $5,753 $5,753 $5,753 $5,753 $5,753 $5,753 $5,753
Surplus Before Interest and Taxes ($1,038) $1,207 $22 ($854) $501 $392 $132 ($3) $470 $246 $448 $737
EBITDA ($960) $1,285 $100 ($776) $579 $470 $210 $75 $548 $324 $526 $815
Interest Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Taxes Incurred $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Net Surplus ($1,038) $1,207 $22 ($854) $501 $392 $132 ($3) $470 $246 $448 $737
Net Surplus/Funding 0.00% 53.76% 0.76% -17.43% 8.01% 6.38% 2.24% -0.05% 7.55% 4.10% 7.22% 11.36%

Pro Forma Cash Flow
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Cash Received
Cash from Operations
Cash Funding $0 $2,245 $2,900 $4,899 $6,254 $6,145 $5,885 $5,750 $6,223 $5,999 $6,201 $6,490
Subtotal Cash from Operations $0 $2,245 $2,900 $4,899 $6,254 $6,145 $5,885 $5,750 $6,223 $5,999 $6,201 $6,490
Additional Cash Received
Sales Tax, VAT, HST/GST Received 0.00% $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
New Investment Received $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Received $0 $2,245 $2,900 $4,899 $6,254 $6,145 $5,885 $5,750 $6,223 $5,999 $6,201 $6,490
Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Expenditures from Operations
Cash Spending $0 $0 $1,600 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100 $4,100
Bill Payments $32 $960 $968 $1,213 $1,575 $1,575 $1,575 $1,575 $1,575 $1,575 $1,575 $1,575
Subtotal Spent on Operations $32 $960 $2,568 $5,313 $5,675 $5,675 $5,675 $5,675 $5,675 $5,675 $5,675 $5,675
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Cash Spent $32 $960 $2,568 $5,313 $5,675 $5,675 $5,675 $5,675 $5,675 $5,675 $5,675 $5,675
Net Cash Flow ($32) $1,285 $332 ($414) $579 $470 $210 $75 $548 $324 $526 $815
Cash Balance $5,068 $6,353 $6,685 $6,272 $6,851 $7,321 $7,531 $7,606 $8,154 $8,478 $9,004 $9,819
Pro Forma Balance Sheet
Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Assets Starting Balances
Current Assets
Cash $5,100 $5,068 $6,353 $6,685 $6,272 $6,851 $7,321 $7,531 $7,606 $8,154 $8,478 $9,004 $9,819
Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Current Assets $5,100 $5,068 $6,353 $6,685 $6,272 $6,851 $7,321 $7,531 $7,606 $8,154 $8,478 $9,004 $9,819
Long-term Assets
Long-term Assets $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700 $4,700
Accumulated Depreciation $0 $78 $156 $234 $312 $390 $468 $546 $624 $702 $780 $858 $936
Total Long-term Assets $4,700 $4,622 $4,544 $4,466 $4,388 $4,310 $4,232 $4,154 $4,076 $3,998 $3,920 $3,842 $3,764
Total Assets $9,800 $9,690 $10,897 $11,151 $10,660 $11,161 $11,553 $11,685 $11,682 $12,152 $12,398 $12,846 $13,583
Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12
Current Liabilities
Accounts Payable $0 $928 $928 $1,160 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523
Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Current Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Current Liabilities $0 $928 $928 $1,160 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523
Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Total Liabilities $0 $928 $928 $1,160 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523 $1,523
Paid-in Capital $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Accumulated Surplus/Deficit ($200) ($200) ($200) ($200) ($200) ($200) ($200) ($200) ($200) ($200) ($200) ($200) ($200)
Surplus/Deficit $0 ($1,038) $169 $191 ($663) ($162) $230 $362 $359 $829 $1,075 $1,523 $2,260
Total Capital $9,800 $8,762 $9,969 $9,991 $9,137 $9,638 $10,030 $10,162 $10,159 $10,629 $10,875 $11,323 $12,060
Total Liabilities and Capital $9,800 $9,690 $10,897 $11,151 $10,660 $11,161 $11,553 $11,685 $11,682 $12,152 $12,398 $12,846 $13,583
Net Worth $9,800 $8,762 $9,969 $9,991 $9,137 $9,638 $10,030 $10,162 $10,159 $10,629 $10,875 $11,323 $12,060

LivePlan Logo

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Create Your Plan