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TLC Wedding Consultants
Company Summary
TLC Wedding Consultants is a start-up company that provides wedding, holy union, and anniversary consulting services to brides, grooms and other family members. We are a full-service bridal consulting group and our goal is to put the “fun” back into planning a wedding, holy union or anniversary party. Too many people become overly stressed and frustrated when planning these wonderful events. We are experienced and professional consultants and will use our expertise to help create memorable and stress free events for our customers. By doing this, our clients can sit back and enjoy their event. The result? We create events suited to the couple’s unique style–a true expression of their relationship and individuality as a couple.
2.1 Company Ownership
This business will start out as a simple proprietorship, owned by its founders, Darla and Micah Johnson. As the operation grows, the owners will consider re-registering as a limited liability company or as a corporation, whichever will better suite the future business needs.
2.2 Start-up Summary
The company founders, Darla and Micah Johnson, will handle day-to-day operations of the plan and will work collaboratively to ensure that this business venture is a success.
We estimate that our start-up costs will be $3,000 (including legal costs, logo design, advertising, direct mail, and related expenses). An additional $5,000 will be required in the bank account as an operating capital for the first two months of operation. The start-up costs are to be financed in equal portions by the owners’ personal funds (i.e., Darla and Micah Johnson are investing $4,000 each).
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $200 |
| Stationery etc. | $450 |
| Brochures | $450 |
| Insurance | $300 |
| Research and development | $200 |
| Expensed equipment | $900 |
| Other | $500 |
| Total Start-up Expenses | $3,000 |
| Start-up Assets | |
| Cash Required | $5,000 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $5,000 |
| Total Requirements | $8,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $3,000 |
| Start-up Assets to Fund | $5,000 |
| Total Funding Required | $8,000 |
| Assets | |
| Non-cash Assets from Start-up | $0 |
| Cash Requirements from Start-up | $5,000 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $5,000 |
| Total Assets | $5,000 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $0 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $0 |
| Capital | |
| Planned Investment | |
| Darla Johnson | $4,000 |
| Micah Johnson | $4,000 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $8,000 |
| Loss at Start-up (Start-up Expenses) | ($3,000) |
| Total Capital | $5,000 |
| Total Capital and Liabilities | $5,000 |
| Total Funding | $8,000 |
2.3 Company Locations and Facilities
Initially this will be a home-based business; however, by Year 5, we intend to expand our facilities into a well-equipped and operational office.