Austin Kinetic is incorporated in Nevada with an operating office in Austin, Texas. Initial staff will consist of a small group of experienced computer engineers who’s skills and experience collectively cover a very broad segment of the open systems’ distributed client/server field. The company’s initial focus will be installation and configuration projects which will be developed into ongoing support contracts.
2.1 Company Ownership
Austin Kinetic is incorporated. The major share holders are Adam Authortisement, Bob Borgware, Cary Curry, Dean Dri, and Edgar Extension.
2.2 Start-up Summary
The start-up costs for the company are detailed in the table below, and will be funded by the founder’s personal funds. There will be only small initial equipment cost as the company will be greatly dependent upon its founders’ resources. It is expected that each employee will initially cover the cost of transportation, cell phone, and incidentals that arise in the course of due business. The company will begin covering those costs as revenue streams are generated. Specific guidelines and policies will be developed prior to the sixth operating month.
|Start-up Expenses to Fund||$7,550|
|Start-up Assets to Fund||$4,550|
|Total Funding Required||$12,100|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$4,550|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$4,550|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Johnathan & Grace Panepinto||$2,400|
|Additional Investment Requirement||$0|
|Total Planned Investment||$12,100|
|Loss at Start-up (Start-up Expenses)||($7,550)|
|Total Capital and Liabilities||$4,550|
|Voice Mail Service||$150|
|Total Start-up Expenses||$7,550|
|Other Current Assets||$0|