Write Bike
Company Summary
Write Bike is a sole proprietorship that is located with the home of Kraig Guthrie. It was founded in January 2003. The business is based in Kraig’s home. Kraig pays a fixed amount of rent per month based on the square footage that his office occupies relative to the rest of the house.
2.1 Company Ownership
Write Bike is a home based business owned and operated by Kraig Guthrie.
2.2 Start-up Summary
Write Bike requires the following equipment for its article writing services.
- Macintosh G4 computer
- DSL Internet connection
- Scanner
- Laser printer
- Digital camera
- Microsoft Office, Adobe FrameMaker, Adobe PhotoShop, and Adobe Acrobat.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | $200 |
| Stationery, etc. | $200 |
| Insurance | $150 |
| Rent | $250 |
| Total Start-up Expenses | $800 |
| Start-up Assets | |
| Cash Required | $9,200 |
| Other Current Assets | $0 |
| Long-term Assets | $5,000 |
| Total Assets | $14,200 |
| Total Requirements | $15,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | $800 |
| Start-up Assets to Fund | $14,200 |
| Total Funding Required | $15,000 |
| Assets | |
| Non-cash Assets from Start-up | $5,000 |
| Cash Requirements from Start-up | $9,200 |
| Additional Cash Raised | $0 |
| Cash Balance on Starting Date | $9,200 |
| Total Assets | $14,200 |
| 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 | |
| Kraig Guthrie-Owner | $15,000 |
| Other | $0 |
| Additional Investment Requirement | $0 |
| Total Planned Investment | $15,000 |
| Loss at Start-up (Start-up Expenses) | ($800) |
| Total Capital | $14,200 |
| Total Capital and Liabilities | $14,200 |
| Total Funding | $15,000 |
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