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NaviTag Technologies, LLC

Company Summary

NaviTag Technologies is incorporated as a limited liability company in the state of Delaware and is headquartered in Boston, Massachusetts. The Company shareholders are founders, president – CTO Jim Galley and president worldwide operations Robert Magown.

2.1 Start-up Summary

Our start-up costs are mostly stationery, legal costs, and expenses associated with opening our offices. The start-up costs are to be financed by direct owner investment. The assumptions are shown in the following tables and chart.

Shipment monitoring business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $33,000
Start-up Assets to Fund $2,977,000
Total Funding Required $3,010,000
Non-cash Assets from Start-up $0
Cash Requirements from Start-up $2,977,000
Additional Cash Raised $0
Cash Balance on Starting Date $2,977,000
Total Assets $2,977,000
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
Bob Magown $5,000
Jim Galley $5,000
Venture $3,000,000
Additional Investment Requirement $0
Total Planned Investment $3,010,000
Loss at Start-up (Start-up Expenses) ($33,000)
Total Capital $2,977,000
Total Capital and Liabilities $2,977,000
Total Funding $3,010,000
Start-up Expenses
Legal $5,000
Stationery etc. $1,000
Brochures $15,000
Consultants $2,000
Insurance $5,000
Accounting $5,000
Research and Development $0
Expensed Equipment $0
Other $0
Total Start-up Expenses $33,000
Start-up Assets
Cash Required $2,977,000
Other Current Assets $0
Long-term Assets $0
Total Assets $2,977,000
Total Requirements $3,010,000

2.2 Company Locations and Facilities

NaviTag Technologies currently operates from two facilities. The corporate headquarters is located at 123 Main St., Boston, Massachusetts, and is the sales and finance center for the company. Development and production are managed from our office in New York.