Financial Plan

1. This section will present the firm’s start-up expenses.

Subject  Amount (RM)

Rental Deposit ( 6 months)    42,000

Renovation   10,000

Fixtures and Furniture   35,000

Equipment and Machinery     6,500

Logo / Branding     1,000

Total   94,500
Table 1: Start-up expenses

2. This section will present the firm’s annual expenses

Subject Amount (RM)

Office Space Rental  72,000

Stationery  24,000

Utilities and Overhead Expenses             12,000

(estimated)

Legal Clerk Salary ( 2 clerks ) 48,000

Despatch Person ( 1 Person )                         18,000

Bar Council yearly Payment   2,400

Indemnities Insurance   2,400

Online database subscription   1,200

Total                       180,000
Table 2:Annual Expenses

3. This section will present the estimated firm’s annual income

Subject  Amount(RM)

Legal Services Fee                     600,000

Total                     600,000
Table 3: Annual Income
4. Estimated Monthly Cash Flow and Net Profit of the firm

Subject Amount (RM) Amount (RM)

Total Income:

Legal Services Fee               50,000

Total Expenses:

Fixed Expenses:

Office Space rental                  6,000

Insurance                   200

Staff Salary     5,500

Database       100   
Subscription

Bar Council Payment        200

Stationary      2,000   14,000

Controllable Expenses

Supplies     1,000

Utilities     1,000

Miscellaneous     1,000     3,000

Total  17,000

Net profit    33,000

Table 4: Estimated Monthly Income

5. Break-Even Analysis
The presumption made: Net profit remained constant for every month.
Item Amount (RM)

Start-up cost 94,500

Estimated Monthly Net Profit 33,000

Break-even ( Duration )   2.86 months

Table 5: Break-Even Analysis