Our biggest savings of the year
Pink Lady Bug Designs
Pink Lady Bug Designs LLC sells high quality products to the market for the purpose of funding women’s health initiatives. We have developed an alliance with Bissinger French Confections, one of the premier confectioners in the United States, to provide us with a range of unique products. The company was incorporated last year.
The Company concept was initially formed two years ago. Upon final approval the company will register an official trademark with the U.S. Patent and Trademark Office.
2.1 Company Ownership
Pink Lady Bug Designs LLC is a privately held corporation. It is registered as a Limited Liability Company, with ownership divided:
51% – Linda Herter
49% – James Herter
2.2 Company Locations and Facilities
The company office is located in the owner’s residence. Initially, we will not maintain inventories or handle fulfillment, so warehousing facilities will not be necessary. Our plan includes the establishment of an office outside of our residence to house an expanded staff in Year Three.
2.3 Start-up Summary
Almost 40% of start-up funds will go towards, administrative, consulting, Web page development and product research and development costs. Expensed equipment includes a new Personal Computer has been made in order to run the requisite business and accounting software.
The balance of funds will be used to maintain a positive cash balance for the first three months of operation.
|Legal & Accounting||$6,000|
|Consultants-Marketing & Merchandising||$10,000|
|Research and Development||$1,500|
|Web Page Development||$5,000|
|Total Start-up Expenses||$29,500|
|Other Current Assets||$0|
|Start-up Expenses to Fund||$29,500|
|Start-up Assets to Fund||$35,500|
|Total Funding Required||$65,000|
|Non-cash Assets from Start-up||$0|
|Cash Requirements from Start-up||$35,500|
|Additional Cash Raised||$0|
|Cash Balance on Starting Date||$35,500|
|Liabilities and Capital|
|Accounts Payable (Outstanding Bills)||$0|
|Other Current Liabilities (interest-free)||$0|
|Additional Investment Requirement||$0|
|Total Planned Investment||$65,000|
|Loss at Start-up (Start-up Expenses)||($29,500)|
|Total Capital and Liabilities||$35,500|