Gaian Adventure Fabric and Notions
Company Summary
Gaian Adventure Fabrics will be a small company, starting out with a retail location and a virtual store online.
2.1 Company Ownership
Gaian Adventure Fabric and Notions is a sole proprietorship owned by Martha Thimble.
2.1.1 Start-up Summary
Gaian Adventure Fabric and Notions will incur the following start-up costs:
- Computer system with printer, CD-RW, Microsoft Office, QuickBook Pro, and scanner.
- Phone line with DSL Internet connection.
- Desk, chair, and file cabinet.
- Rack to hold bolts of fabric.
- Shelving to organize all of the notions.
- Large table for cutting fabric.
- Hand rotary fabric cutter, electric rotary fabric cutter, cutting boards.
- Inventory.
Please note that the following items which are considered assets to be used for more than a year will labeled long-term assets and will be depreciated using G.A.A.P. approved straight-line depreciation method.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $500 |
| Stationery etc. | $100 |
| Inventory | $10,000 |
| Web site development | $3,000 |
| Total Start-up Expenses | $13,600 |
| Start-up Assets | |
| Cash Required | $20,900 |
| Start-up Inventory | $0 |
| Other Current Assets | $0 |
| Long-term Assets | $3,500 |
| Total Assets | $24,400 |
| Total Requirements | $38,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $13,600 |
| Start-up Assets to Fund | $24,400 |
| Total Funding Required | $38,000 |
| Assets | |
| Non-cash Assets from Start-up | $3,500 |
| Cash Requirements from Start-up | $20,900 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $20,900 |
| Total Assets | $24,400 |
| 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 | |
| Martha | $38,000 |
| Investor 2 | $0 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $38,000 |
| Loss at Start-up (Start-up Expenses) | ($13,600) |
| Total Capital | $24,400 |
| Total Capital and Liabilities | $24,400 |
| Total Funding | $38,000 |
By 
