Company Summary
StructureAll Ltd. is a new company which provides professional engineering design services for clients which manage, maintain, and plan for residential, commercial, and industrial type buildings. Our focus will be the public sector market in remote communities across Canada's North.
Company Ownership
StructureAll Ltd. will be created as a limited liability company. The company will be privately owned by Philip D. Nolan. Leslie C. Goit will also be listed as a Director.
Start-Up Summary
Our start-up expenses amount to $13,000, which allows for initial legal expenses, licenses, permits, stationery, specialty software, office equipment, and furniture. In addition to these start-up costs, an initial balance of $7,000 will be placed in the company accounts. The software purchases include an allowance of $5,000 for AutoCADD® 2000, $1,800 for National Master Specifications, and $200 for Quickbooks® (accounting package).
Philip Nolan will contribute $10,000 toward the overall start-up costs. The balance of the startup costs ($10,000) will be provided through a colleague and friend who operates W&R Foundations Ltd. This investment has been indicated as a three-year loan in the Projected Cash Flow table.
| Start-up Plan | |
| Start-up Expenses | |
| Professional Liability Insurance | $1,200 |
| Website Development | $600 |
| Legal Services | $500 |
| Business Licenses | $1,000 |
| Permit Holder (NAPEGG) | $500 |
| Software Purchases | $7,000 |
| Stationery | $600 |
| Office Furniture | $600 |
| Office Equipment | $500 |
| Other | $500 |
| Total Start-up Expenses | $13,000 |
| Start-up Assets Needed | |
| Cash Requirements | $7,000 |
| Start-up inventory | $0 |
| Other Short-term Assets | $0 |
| Total Short-term Assets | $7,000 |
| Long-term Assets | $0 |
| Total Assets | $7,000 |
| Total Start-up Requirements: | $20,000 |
| Left to finance: | $0 |
| Start-up Funding Plan | |
| Investment | |
| Philip D. Nolan | $10,000 |
| Russ Renneberg, P. Eng. | $10,000 |
| Other | $0 |
| Total investment | $20,000 |
| Short-term Liabilities | |
| Unpaid Expenses | $0 |
| Short-term Loans | $0 |
| Interest-free Short-term Loans | $0 |
| Subtotal Short-term Liabilities | $0 |
| Long-term Liabilities | $0 |
| Total Liabilities | $0 |
| Loss at Start-up | ($13,000) |
| Total Capital | $7,000 |
| Total Capital and Liabilities | $7,000 |
| Checkline | $0 |
Company Locations and Facilities
We will establish a home office in Yellowknife, Northwest Territories, in order to reduce startup costs. The office space is estimated to be 150 square feet. We will be installing a dedicated fax line as well as a high-speed Internet connection. An interactive website will also be developed which will serve as a marketing tool. The domain name of "structureall.com" has already been reserved.
Strategy & Implementation Summary
