As a  Limited Liability Company (LLC) for a new uber business venture in St.kitts.Create notes for a financial proposal to dicuss the following: 1. Start-up Costs – list all fixed costs, overheads and salaries. Provide a justification for eachitem listed.2. Projected Financial Statements for one (1) year:a. Cash Flow Statement – Each item listed must be provided with a justificationb. Income Statement – Must accompany a short summaryc. Balance Sheet – Must accompany a short summary Request for Financing Company X is seeking a total of $500,000 USD in start-up capital. Breakdown of capital $100,000 for app and servers. $11,510.01 for business and marketing strategy Operational costs amounting to a sum of $313,192 Contingency Reserve: business will set aside $75,297.99 to account for any unexpected costs in the initial 3 months of operation. Start-up cost Fixed Costs: 2 leased company vehicles - $800 (per month) Office Rent - $1,600 (per month) Technology Setup - $100,000 (app software, and servers) Business licensing and permits - $1,000 (per year) Contingency reserve - $75,297.99 Overheads: Employees Incentives - $10,000 (per year) Utilities - $1,000 (per month) Office supplies and equipment - $12,000 Marketing and Advertising - $11,510.01 (per year) Salaries CEO, COO and CFO - 33.33% profit based compensation after 50% of revenue has been deducted to reinvest in the business. Drivers (150)- $5,292,000 / 150 = $35,280 (per driver a year). Security (2)- $2,062 * 2 = $4,124 (per month) IT staff (2) - $3,200 + $2,180 = $5,380 (per month) Customer Rep (2) - $2,000 * 2 = $4,000 (per month) Justification: Compensation to handle customer inquiries and provide support. Accountants (2) - $2,400 + $2,100 = $4,500 (per month) Marketing (1) - $1,862 (per month) 22,344 Company Revenue for the year = $7,560,000

As a  Limited Liability Company (LLC) for a new uber business venture in St.kitts.Create notes for a financial proposal to dicuss the following:

1. Start-up Costs – list all fixed costs, overheads and salaries. Provide a justification for each
item listed.
2. Projected Financial Statements for one (1) year:
a. Cash Flow Statement – Each item listed must be provided with a justification
b. Income Statement – Must accompany a short summary
c. Balance Sheet – Must accompany a short summary

Request for Financing

Company X is seeking a total of $500,000 USD in start-up capital.

Breakdown of capital

• $100,000 for app and servers.
• $11,510.01 for business and marketing strategy
• Operational costs amounting to a sum of $313,192
• Contingency Reserve: business will set aside $75,297.99 to account for any unexpected costs in the initial 3 months of operation.

Start-up cost

Fixed Costs:

• 2 leased company vehicles - $800 (per month)
• Office Rent - $1,600 (per month)
• Technology Setup - $100,000 (app software, and servers)
• Business licensing and permits - $1,000 (per year)
• Contingency reserve - $75,297.99

Overheads:

• Employees Incentives - $10,000 (per year)
• Utilities - $1,000 (per month)
• Office supplies and equipment - $12,000
• Marketing and Advertising - $11,510.01 (per year)

Salaries

• CEO, COO and CFO - 33.33% profit based compensation after 50% of revenue has been deducted to reinvest in the business.
• Drivers (150)- $5,292,000 / 150 = $35,280 (per driver a year).
• Security (2)- $2,062 * 2 = $4,124 (per month)
• IT staff (2) - $3,200 + $2,180 = $5,380 (per month)
• Customer Rep (2) - $2,000 * 2 = $4,000 (per month)

Justification: Compensation to handle customer inquiries and provide support.

• Accountants (2) - $2,400 + $2,100 = $4,500 (per month)
• Marketing (1) - $1,862 (per month) 22,344

Company Revenue for the year = $7,560,000