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Start Up Costs 2012

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Jamie Arnold
Jamie Arnold

Option 1 requires an upfront payment of approximately $6,755 for start up costs including company setup, insurance, compliance materials, equipment, and training. Option 2 requires an upfront payment of approximately $3,370 plus ongoing monthly payments of approximately $420 for leasing equipment and paying insurance and fees over time. Both options will have ongoing monthly expenses for insurance, fees, and operational costs.

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Start Up Cost Matrix EXPENSE OPTION 1: OPTION 2: UPFRONT UPFRONT + LEASING PAYMENT COMPANY Pty Limited Company $420+ (approx) $420+ (approx) SETUP Insurance $1200 (approx) $100 - $120 per month / • Public Liability 10-12 months •Professional Indemnity • Workers Compensation MFAA - Compliance Pack $210 $210 - Membership start up $505 $505 fee COSL $65 monthly $65 monthly fee – (Credit Ombudsman fee – commences 4th month Services Limited) commences 4th after contract is signed. month after contract is signed. EQUIPMENT Acer Laptop $2135 $300 per month / 12 months HP Financial Calculator $75 (approx) $75 (approx) TRAINING Diploma Cert IV $2145 $2145 (Finance/Mortgage Broking) TOTAL $6755 $3370 Upfront + (approx) $420 per month (approx) Ongoing expenses to your business will include renewal of registration with MFAA, Insurance and COSL monthly fee plus other operational expenses. All figures are approximations and cost amounts may vary or change.

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Start Up Costs 2012

  • 1. Start Up Cost Matrix EXPENSE OPTION 1: OPTION 2: UPFRONT UPFRONT + LEASING PAYMENT COMPANY Pty Limited Company $420+ (approx) $420+ (approx) SETUP Insurance $1200 (approx) $100 - $120 per month / • Public Liability 10-12 months •Professional Indemnity • Workers Compensation MFAA - Compliance Pack $210 $210 - Membership start up $505 $505 fee COSL $65 monthly $65 monthly fee – (Credit Ombudsman fee – commences 4th month Services Limited) commences 4th after contract is signed. month after contract is signed. EQUIPMENT Acer Laptop $2135 $300 per month / 12 months HP Financial Calculator $75 (approx) $75 (approx) TRAINING Diploma Cert IV $2145 $2145 (Finance/Mortgage Broking) TOTAL $6755 $3370 Upfront + (approx) $420 per month (approx) Ongoing expenses to your business will include renewal of registration with MFAA, Insurance and COSL monthly fee plus other operational expenses. All figures are approximations and cost amounts may vary or change.