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Edgar Risk Ventures, Ltd.

Company Summary

What’cha Gonna Do…

Edgar Risk Ventures, Ltd. (ERV), is a newly-formed Limited Liability Company providing high-level expertise in the music and performance production industry. ERV is not interested in competing with the Warner Brothers and Columbia Records of the world. It has been created to fulfill the dreams and expectations of those talented people who desire to acquire a quality ‘finished product’ showcasing their talent, and to satisfy the demand for such entertainment performances, whether recorded or live, within the middle market of the music consumer industry. Edgar Risk Ventures has been created to explore the opportunities available worldwide to further the dissemination and propagation of high-quality, professional musical renderings of known and unknown artists for the enjoyment of audiences throughout the world.

Company Ownership

As a Limited Liability Company in the State of Nevada, ownership of Edgar Risk Ventures is identified as belonging to its managers. The ownership percentages for the managers of this company are:

  • Robert Edgar:  52%
  • Lee Edgar:  16%
  • Michael Glazewski:  16%
  • Leo Devilbiss:  16%

Start-up Summary

Total start-up expense comes to $18,500, of which $3,200 has been expended to date by Bob and Lee Edgar. Details of the total start-up requirements are shown in the tables below.

Theatrical music producers business plan, company summary chart image

Start-up Funding
Start-up Expenses to Fund $18,500
Start-up Assets to Fund $42,500
Total Funding Required $61,000
Non-cash Assets from Start-up $4,500
Cash Requirements from Start-up $38,000
Additional Cash Raised $0
Cash Balance on Starting Date $38,000
Total Assets $42,500
Liabilities and Capital
Current Borrowing $4,000
Long-term Liabilities $10,000
Accounts Payable (Outstanding Bills) $1,000
Other Current Liabilities (interest-free) $2,000
Total Liabilities $17,000
Planned Investment
Bob Edgar $25,000
Michael Glazewski $12,000
Leo Devilbiss $7,000
Additional Investment Requirement $0
Total Planned Investment $44,000
Loss at Start-up (Start-up Expenses) ($18,500)
Total Capital $25,500
Total Capital and Liabilities $42,500
Total Funding $61,000
Start-up Expenses
Legal $3,000
Publications/membership $1,000
Office equipment $3,500
Consultants $0
Insurance $4,500
Website development/hosting $4,000
Website Management $0
Expensed Equipment $0
Other $2,500
Total Start-up Expenses $18,500
Start-up Assets
Cash Required $38,000
Other Current Assets $0
Long-term Assets $4,500
Total Assets $42,500
Total Requirements $61,000

Company Locations and Facilities

Edgar Risk Ventures will seek appropriate office space in the Las Vegas/Henderson, Nevada metropolitan area. Las Vegas offers many benefits to the company:

  • A close association with the entertainment industry.
  • Competent and professional music production companies and studios.
  • Competent, experienced and professional studio and stage musicians.
  • Marketing and distribution avenues through particularly strong ties to West Coast companies, as well as to Nashville and the East Coast.
  • A burgeoning group of Internet-related companies providing services in the fields of graphics, Web-hosting, Web-marketing, CD reproduction and software distribution.
  • Piggyback opportunities with both performers and their associated production companies as they tour through Southern Nevada.