Michael's Video Service
Company Summary
Legal Business Description
Michael’s Video Service was founded in May 1996 by Mr. Michael Morrison. Michael’s Video Service is a Limited Liability Company (LLC) with principal offices located in Denton, Ohio.
Start-up Funding | |
Start-up Expenses to Fund | $15,000 |
Start-up Assets to Fund | $302,000 |
Total Funding Required | $317,000 |
Assets | |
Non-cash Assets from Start-up | $242,000 |
Cash Requirements from Start-up | $60,000 |
Additional Cash Raised | $0 |
Cash Balance on Starting Date | $60,000 |
Total Assets | $302,000 |
Liabilities and Capital | |
Liabilities | |
Current Borrowing | $0 |
Long-term Liabilities | $300,000 |
Accounts Payable (Outstanding Bills) | $0 |
Other Current Liabilities (interest-free) | $0 |
Total Liabilities | $300,000 |
Capital | |
Planned Investment | |
Michael Morisson | $17,000 |
Other | $0 |
Additional Investment Requirement | $0 |
Total Planned Investment | $17,000 |
Loss at Start-up (Start-up Expenses) | ($15,000) |
Total Capital | $2,000 |
Total Capital and Liabilities | $302,000 |
Total Funding | $317,000 |
2.1 Mission
Our mission is to become the leading freelance and video production company in state, utilizing the latest technology to shift market share from competitors to Michael’s Video Service.

Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $500 |
Stationery etc. | $200 |
Brochures | $300 |
Consultants | $1,000 |
Insurance | $1,200 |
Rent | $600 |
Expensed equipment | $10,000 |
Other | $1,200 |
Total Start-up Expenses | $15,000 |
Start-up Assets | |
Cash Required | $60,000 |
Start-up Inventory | $2,000 |
Other Current Assets | $0 |
Long-term Assets | $240,000 |
Total Assets | $302,000 |
Total Requirements | $317,000 |