Pie in the Sky Wi-Fi
Company Summary
Wi-Fi is quickly becoming the standard in the delivery of Internet connectivity throughout many organizations, government agencies and businesses. Pie in the Sky Wi-Fi, Inc. is focused on the delivery of private, secure Wi-Fi services to commercial and residential property owners, as well as small municipalities and governments that are looking to improve the service offerings within their buildings or townships. The primary function of Pie in the Sky Wi-Fi is to provide full service installation, support and monthly management of wireless networks. Pie in the Sky Wi-Fi is a wholesale provider of services for organizations looking to improve their competitiveness and amenities in their commercial properties and townships. Pie in the Sky Wi-Fi charges a set-up fee and a monthly maintenance charge.
2.1 Company Ownership
Articles of Incorporation
Articles of Incorporation were filed with the Secretary of State of Oregon on December 22, 2003. Pie in the Sky Wi-Fi, Inc. filed as a subchapter S Corporation.
Board of Directors
The Board of Directors currently consists of the following individuals:
- Mr. A, Chairman
- Mr. B, Director
- Mr. C, Director
- Mr. D, Director
Election of Officers
The following individuals have been elected by the Board of Directors to serve as Officers in the Corporation:
- Mr. Smith, President & Chief Executive Officer (CEO)
- Mr. Morgan, Chief Communications Officer (CCO)
- Mr. Mann, Chief Technology Officer (CTO)
- Mr. Jones, Chief Revenue Officer (CRO)
Sale of stock to initial stock holders
| Subscriber | Number of Shares | Purchase Price |
| Mr. Smith | 250,000 | $300 |
| Mr. Morgan | 250,000 | $300 |
| Mr. Mann | 250,000 | $300 |
| Mr. Jones | 250,000 | $300 |
2.2 Start-up Summary
The company founders plan to handle all day-to-day operations of the business and will work with outside vendors and partners in order to ensure that this business venture is a success.
It is estimated that the start-up expenses will be $16,500 (including legal costs, advertising, and related expenses). Total start-up requirements include an additional $33,500 for cash on hand to cover the first year’s operating expenses.
Additional investment will be needed in year 1 in order to scale the operation as planned. This is explained further in the financial sections of this document.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $1,000 |
| Insurance | $1,000 |
| Rent | $2,000 |
| Computers | $10,000 |
| Other | $2,000 |
| Total Start-up Expenses | $16,500 |
| Start-up Assets | |
| Cash Required | $33,500 |
| Other Current Assets | $0 |
| Long-term Assets | $0 |
| Total Assets | $33,500 |
| Total Requirements | $50,000 |
By 
