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Scholarship Assist

Company Summary

ScholarshipAssist has been founded on the idea that there are a wealth of scholarships available to students that few are aware of. By becoming professionals in this arena, ScholarshipAssist can generate significant profit while helping clients make college a reality. ScholarshipAssist has chosen Boston as its headquarters because of the huge pool of students in town including but not limited to Tufts, M.I.T., Harvard, Boston College, and the University of Massachusetts.

2.1 Company Ownership

ScholarshipAssist is a Massachusetts L.L.C. with Steve Tracker as the main shareholder.

2.2 Start-up Summary

ScholarshipAssist will require the following start-up equipment/expenses:

  • Assorted office furniture for four work spaces, including desk, chair, light, computer;
  • Computer server with laser printer, broadband Internet connection, fax machine;
  • Assorted furniture for the waiting room;
  • Legal consultation for the business organization formation, review of contracts, etc.;
  • Business consultation – this service will be a fairly broad area of consulting from HR to marketing.
Scholarship consulting business plan, company summary chart image

Start-up Expenses
Legal $3,000
Stationery etc. $300
Brochures $350
Consultants $2,000
Rent $1,000
Research and Development $4,000
Expensed Equipment $700
Total Start-up Expenses $11,350
Start-up Assets
Cash Required $22,350
Other Current Assets $1,300
Long-term Assets $10,000
Total Assets $33,650
Total Requirements $45,000
Start-up Funding
Start-up Expenses to Fund $11,350
Start-up Assets to Fund $33,650
Total Funding Required $45,000
Non-cash Assets from Start-up $11,300
Cash Requirements from Start-up $22,350
Additional Cash Raised $0
Cash Balance on Starting Date $22,350
Total Assets $33,650
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
Investor 1 $45,000
Other $0
Additional Investment Requirement $0
Total Planned Investment $45,000
Loss at Start-up (Start-up Expenses) ($11,350)
Total Capital $33,650
Total Capital and Liabilities $33,650
Total Funding $45,000