HandyMan Stan
Company Summary
HandyMan Stan has been formed as a Minnesota Limited Liability Company (LLC) by Stan Roberts. Stan will be the sole employee and owner of the company. The company will incur certain start-up costs, primarily tools, detailed in the Start-up Summary section.
2.1 Start-up Summary
HandyMan Stan will incur start-up costs associated with the beginning of the business. The following table details the start-up costs as well as indicated the needed capital for initial operations. Stan will be using his personal tools for jobs but will need to purchase the following additional equipment/tools:
- Assorted plumbing tools including: slip wrenches, snakes, teflon tape, and assorted caps, nuts, and bolts.
- Electrical tools including: electrical gauge meters, wire cutters, various wires and wire caps, and soldering iron.
- Painting material including: paint brushes, paint roller, pneumatic paint sprayer, air compressor, sand papers, spackle tools and masking tape.
- Pressure washer.
- Various general tools.
- Assorted power tools (drill, saw, sander, Dremel).
- Assorted nails, bolts, screws, and fixtures.
- Laptop with portable printer for mobile invoice printing and submission.
- Mobile phone.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Accountant | $500 |
| Brochures | $250 |
| Insurance | $250 |
| Total Start-up Expenses | $1,500 |
| Start-up Assets | |
| Cash Required | $20,500 |
| Other Current Assets | $0 |
| Long-term Assets | $8,000 |
| Total Assets | $28,500 |
| Total Requirements | $30,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $1,500 |
| Start-up Assets to Fund | $28,500 |
| Total Funding Required | $30,000 |
| Assets | |
| Non-cash Assets from Start-up | $8,000 |
| Cash Requirements from Start-up | $20,500 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $20,500 |
| Total Assets | $28,500 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | $0 |
| Long-term Liabilities | $30,000 |
| Accounts Payable (Outstanding Bills) | $0 |
| Other Current Liabilities (interest-free) | $0 |
| Total Liabilities | $30,000 |
| Capital | |
| Planned Investment | |
| Investor 1 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $0 |
| Loss at Start-up (Start-up Expenses) | ($1,500) |
| Total Capital | ($1,500) |
| Total Capital and Liabilities | $28,500 |
| Total Funding | $30,000 |
2.2 Company Ownership
Stan Roberts is the founder and owner of HandyMan Stan. The company will remain a one-man operation for the foreseeable future.
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