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    Start-Up Expenses Year 1 (Starting Balance Sheet) : Fixed Assets Amount Notes Depreciation (Years)

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    Anthony Burson-Thomas
    This document outlines the start-up expenses and funding sources for a new company called ArcherX in its first year. It estimates $12,000 will be needed, including $6,300 for supplies, $2,300 for legal and accounting fees, and $1,500 in initial working capital. The owner will contribute $7,500 in equity and outside investors will provide $4,500. No additional loans or debt are planned for the first year.

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    © All Rights Reserved
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    Start-Up Expenses Year 1 (Starting Balance Sheet) : Fixed Assets Amount Notes Depreciation (Years)

    Uploaded by

    Anthony Burson-Thomas
    39 views1 page
    This document outlines the start-up expenses and funding sources for a new company called ArcherX in its first year. It estimates $12,000 will be needed, including $6,300 for supplies, $2,300 for legal and accounting fees, and $1,500 in initial working capital. The owner will contribute $7,500 in equity and outside investors will provide $4,500. No additional loans or debt are planned for the first year.

    Original Description:

    Starting point figures when considering an Archery Tag company

    Original Title

    Starting Point Figures

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    This document outlines the start-up expenses and funding sources for a new company called ArcherX in its first year. It estimates $12,000 will be needed, including $6,300 for supplies, $2,300 for legal and accounting fees, and $1,500 in initial working capital. The owner will contribute $7,500 in equity and outside investors will provide $4,500. No additional loans or debt are planned for the first year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    39 views1 page

    Start-Up Expenses Year 1 (Starting Balance Sheet) : Fixed Assets Amount Notes Depreciation (Years)

    Uploaded by

    Anthony Burson-Thomas
    This document outlines the start-up expenses and funding sources for a new company called ArcherX in its first year. It estimates $12,000 will be needed, including $6,300 for supplies, $2,300 for legal and accounting fees, and $1,500 in initial working capital. The owner will contribute $7,500 in equity and outside investors will provide $4,500. No additional loans or debt are planned for the first year.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 1

    Start-Up Expenses Year 1

    (Starting Balance Sheet)

    Prepared By: Company Name:


    Anthony Burson-Thomas ArcherX
    Depreciation
    Fixed Assets Amount (years) Notes

    Real Estate-Land Not Depreciated


    Real Estate-Buildings 20
    Leasehold Improvements 7
    Equipment 7
    Furniture and Fixtures 5
    Vehicles 5
    Other 5
    Total Fixed Assets $ -

    Operating Capital Amount Notes


    Pre-Opening Salaries and Wages
    Prepaid Insurance Premiums 500
    Inventory
    Legal and Accounting Fees 2,300 COAST Financial
    Rent Deposits 500 Location rental costs to cover approx first 10 hours
    Utility Deposits
    Supplies 6,300
    Advertising and Promotions 900 Stickers and business cards
    Licenses
    Other Initial Start-Up Costs
    Working Capital (Cash On Hand) 1,500
    Total Operating Capital $ 12,000
    Total Required Funds $ 12,000

    Sources of Funding Percentage Totals Loan Rate Term in Months Monthly Payments Notes
    Owner's Equity 62.50% 7,500
    Outside Investors 37.50% 4,500
    Additional Loans or Debt
    Commercial Loan 0.00% 9.00% 84 -
    Commercial Mortgage 0.00% 9.00% 240 -
    Credit Card Debt 0.00% 7.00% 60 -
    Vehicle Loans 0.00% 6.00% 48 -
    Other Bank Debt 0.00% 5.00% 36 -
    Total Sources of Funding 100.00% $ 12,000 Cell D 42 must equal cell C31 $ -
    Total Funding Needed $ - You are fully funded (Balanced)

    Note: For existing businesses,


    Existing Businesses ONLY -- Calculating Cash on Hand this should be the "bucket" of
    Cash - cash plus receivables that will be
    + Accounts Receivable - turned into cash, minus payables
    + Prepaid Expenses - that will be paid out in cash in
    - Accounts Payable - the near term (i.e. in the first
    - Accrued Expenses - months of the plan)
    Total Cash on Hand $ -

    393632631.xlsx 1-StartingPoint 08/02/2018 16:59:10

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