WorkChairs
Company Summary
2.1 Company Ownership
Workchairs is a private C corporation owned by Jake and Lisa Wilson. They each own 50% of the company.
2.2 Start-up Summary
WorkChairs will require total start-up expenses which include legal fees in setting up the business, stationery, sales brochures and collateral, insurance, expensed computer equipment, and a domain name.
Jake and Lisa Wilson will be providing the investment which will cover the start-up expenses while also leaving a cash reserve. We have no start-up liabilities to be considered in our start-up phase. We will purchase examples of our products, as Current Assets, for customers to test-sit, but we will have very little inventory on hand.

Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $1,000 |
Stationery etc. | $250 |
Brochures | $1,000 |
Insurance | $500 |
Expensed Equipment | $1,000 |
Domain Name | $75 |
Total Start-up Expenses | $3,825 |
Start-up Assets | |
Cash Required | $6,175 |
Other Current Assets | $2,000 |
Long-term Assets | $0 |
Total Assets | $8,175 |
Total Requirements | $12,000 |
Start-up Funding | |
Start-up Expenses to Fund | $3,825 |
Start-up Assets to Fund | $8,175 |
Total Funding Required | $12,000 |
Assets | |
Non-cash Assets from Start-up | $2,000 |
Cash Requirements from Start-up | $6,175 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $6,175 |
Total Assets | $8,175 |
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 | |
Jake and Lisa Wilson | $12,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $12,000 |
Loss at Start-up (Start-up Expenses) | ($3,825) |
Total Capital | $8,175 |
Total Capital and Liabilities | $8,175 |
Total Funding | $12,000 |