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Plan Outline
Law Firm Business Plan
Wy'East Law Firm
This sample business plan can be edited directly in Business Plan Pro software.
Appendix
| Sales Forecast | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | |||||||||||||
| Technology companies | 0% | £0 | £8,005 | £9,514 | £13,587 | £16,547 | £16,874 | £16,854 | £17,525 | £18,547 | £18,752 | £18,887 | £19,004 |
| Public Interest organizations | 0% | £0 | £1,100 | £1,200 | £1,500 | £1,545 | £1,587 | £1,584 | £1,654 | £1,666 | £1,548 | £1,741 | £1,714 |
| Total Sales | £0 | £9,105 | £10,714 | £15,087 | £18,092 | £18,461 | £18,438 | £19,179 | £20,213 | £20,300 | £20,628 | £20,718 | |
| Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Technology companies | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Public Interest organizations | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Direct Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Personnel Plan | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Richard | 0% | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 | £5,500 |
| Receptionist/ secretary | 0% | £0 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 | £1,050 |
| Paralegal | 0% | £0 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 | £2,000 |
| Law clerk | 0% | £0 | £0 | £0 | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 | £900 |
| Law clerk | 0% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £900 | £900 | £900 | £900 | £900 |
| Total People | 1 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | |
| Total Payroll | £5,500 | £8,550 | £8,550 | £9,450 | £9,450 | £9,450 | £9,450 | £10,350 | £10,350 | £10,350 | £10,350 | £10,350 | |
| General Assumptions | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
| Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
| Tax Rate | 30.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
| Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pro Forma Profit and Loss | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Sales | £0 | £9,105 | £10,714 | £15,087 | £18,092 | £18,461 | £18,438 | £19,179 | £20,213 | £20,300 | £20,628 | £20,718 | |
| Direct Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Cost of Sales | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Gross Margin | £0 | £9,105 | £10,714 | £15,087 | £18,092 | £18,461 | £18,438 | £19,179 | £20,213 | £20,300 | £20,628 | £20,718 | |
| Gross Margin % | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Expenses | |||||||||||||
| Payroll | £5,500 | £8,550 | £8,550 | £9,450 | £9,450 | £9,450 | £9,450 | £10,350 | £10,350 | £10,350 | £10,350 | £10,350 | |
| Sales and Marketing and Other Expenses | £180 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | £180 | |
| Depreciation | £139 | £139 | £139 | £139 | £139 | £139 | £139 | £139 | £139 | £139 | £139 | £139 | |
| Leased Equipment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Utilities | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | £125 | |
| Rent | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | £200 | |
| Payroll Taxes | 15% | £825 | £1,283 | £1,283 | £1,418 | £1,418 | £1,418 | £1,418 | £1,553 | £1,553 | £1,553 | £1,553 | £1,553 |
| Other | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Total Operating Expenses | £6,969 | £10,477 | £10,477 | £11,512 | £11,512 | £11,512 | £11,512 | £12,547 | £12,547 | £12,547 | £12,547 | £12,547 | |
| Profit Before Interest and Taxes | (£6,969) | (£1,372) | £238 | £3,576 | £6,581 | £6,950 | £6,927 | £6,633 | £7,667 | £7,754 | £8,082 | £8,172 | |
| EBITDA | (£6,830) | (£1,233) | £377 | £3,715 | £6,720 | £7,089 | £7,066 | £6,772 | £7,806 | £7,893 | £8,221 | £8,311 | |
| Interest Expense | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Taxes Incurred | (£2,091) | (£343) | £59 | £894 | £1,645 | £1,737 | £1,732 | £1,658 | £1,917 | £1,938 | £2,020 | £2,043 | |
| Net Profit | (£4,878) | (£1,029) | £178 | £2,682 | £4,935 | £5,212 | £5,195 | £4,974 | £5,750 | £5,815 | £6,061 | £6,129 | |
| Net Profit/Sales | 0.00% | -11.30% | 1.66% | 17.77% | 27.28% | 28.23% | 28.17% | 25.94% | 28.45% | 28.65% | 29.38% | 29.58% | |
| Pro Forma Cash Flow | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Cash Received | |||||||||||||
| Cash from Operations | |||||||||||||
| Cash Sales | £0 | £2,276 | £2,679 | £3,772 | £4,523 | £4,615 | £4,610 | £4,795 | £5,053 | £5,075 | £5,157 | £5,180 | |
| Cash from Receivables | £0 | £0 | £228 | £6,869 | £8,145 | £11,390 | £13,578 | £13,845 | £13,847 | £14,410 | £15,162 | £15,233 | |
| Subtotal Cash from Operations | £0 | £2,276 | £2,906 | £10,641 | £12,668 | £16,006 | £18,188 | £18,640 | £18,900 | £19,485 | £20,319 | £20,413 | |
| Additional Cash Received | |||||||||||||
| Sales Tax, VAT, HST/GST Received | 0.00% | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| New Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Other Liabilities (interest-free) | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Sales of Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| New Investment Received | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Received | £0 | £2,276 | £2,906 | £10,641 | £12,668 | £16,006 | £18,188 | £18,640 | £18,900 | £19,485 | £20,319 | £20,413 | |
| Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Expenditures from Operations | |||||||||||||
| Cash Spending | £5,500 | £8,550 | £8,550 | £9,450 | £9,450 | £9,450 | £9,450 | £10,350 | £10,350 | £10,350 | £10,350 | £10,350 | |
| Bill Payments | (£761) | (£687) | £1,458 | £1,879 | £2,841 | £3,571 | £3,660 | £3,656 | £3,724 | £3,975 | £3,999 | £4,079 | |
| Subtotal Spent on Operations | £4,739 | £7,863 | £10,008 | £11,329 | £12,291 | £13,021 | £13,110 | £14,006 | £14,074 | £14,325 | £14,349 | £14,429 | |
| Additional Cash Spent | |||||||||||||
| Sales Tax, VAT, HST/GST Paid Out | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Principal Repayment of Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Other Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Long-term Liabilities Principal Repayment | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Purchase Long-term Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Dividends | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | |
| Subtotal Cash Spent | £4,739 | £7,863 | £10,008 | £11,329 | £12,291 | £13,021 | £13,110 | £14,006 | £14,074 | £14,325 | £14,349 | £14,429 | |
| Net Cash Flow | (£4,739) | (£5,587) | (£7,102) | (£688) | £376 | £2,985 | £5,078 | £4,634 | £4,826 | £5,160 | £5,970 | £5,984 | |
| Cash Balance | £14,011 | £8,424 | £1,322 | £634 | £1,010 | £3,995 | £9,073 | £13,707 | £18,533 | £23,693 | £29,663 | £35,648 | |
| Pro Forma Balance Sheet | |||||||||||||
| Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
| Assets | Starting Balances | ||||||||||||
| Current Assets | |||||||||||||
| Cash | £18,750 | £14,011 | £8,424 | £1,322 | £634 | £1,010 | £3,995 | £9,073 | £13,707 | £18,533 | £23,693 | £29,663 | £35,648 |
| Accounts Receivable | £0 | £0 | £6,829 | £14,637 | £19,083 | £24,507 | £26,962 | £27,213 | £27,752 | £29,065 | £29,879 | £30,188 | £30,494 |
| Other Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Current Assets | £18,750 | £14,011 | £15,253 | £15,959 | £19,717 | £25,517 | £30,958 | £36,286 | £41,459 | £47,597 | £53,573 | £59,852 | £66,141 |
| Long-term Assets | |||||||||||||
| Long-term Assets | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 | £5,000 |
| Accumulated Depreciation | £0 | £139 | £278 | £417 | £556 | £695 | £834 | £973 | £1,112 | £1,251 | £1,390 | £1,529 | £1,668 |
| Total Long-term Assets | £5,000 | £4,861 | £4,722 | £4,583 | £4,444 | £4,305 | £4,166 | £4,027 | £3,888 | £3,749 | £3,610 | £3,471 | £3,332 |
| Total Assets | £23,750 | £18,872 | £19,975 | £20,542 | £24,161 | £29,822 | £35,124 | £40,313 | £45,347 | £51,346 | £57,183 | £63,323 | £69,473 |
| Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
| Current Liabilities | |||||||||||||
| Accounts Payable | £0 | £0 | £2,132 | £2,521 | £3,458 | £4,184 | £4,273 | £4,268 | £4,327 | £4,577 | £4,598 | £4,677 | £4,699 |
| Current Borrowing | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Other Current Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Subtotal Current Liabilities | £0 | £0 | £2,132 | £2,521 | £3,458 | £4,184 | £4,273 | £4,268 | £4,327 | £4,577 | £4,598 | £4,677 | £4,699 |
| Long-term Liabilities | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Total Liabilities | £0 | £0 | £2,132 | £2,521 | £3,458 | £4,184 | £4,273 | £4,268 | £4,327 | £4,577 | £4,598 | £4,677 | £4,699 |
| Paid-in Capital | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 | £25,000 |
| Retained Earnings | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) | (£1,250) |
| Earnings | £0 | (£4,878) | (£5,907) | (£5,729) | (£3,047) | £1,888 | £7,100 | £12,295 | £17,270 | £23,019 | £28,835 | £34,896 | £41,024 |
| Total Capital | £23,750 | £18,872 | £17,843 | £18,021 | £20,703 | £25,638 | £30,850 | £36,045 | £41,020 | £46,769 | £52,585 | £58,646 | £64,774 |
| Total Liabilities and Capital | £23,750 | £18,872 | £19,975 | £20,542 | £24,161 | £29,822 | £35,124 | £40,313 | £45,347 | £51,346 | £57,183 | £63,323 | £69,473 |
| Net Worth | £23,750 | £18,872 | £17,843 | £18,021 | £20,703 | £25,638 | £30,850 | £36,045 | £41,020 | £46,769 | £52,585 | £58,646 | £64,774 |