Creating a Capital Equipment List

In developing this list, name major and minor purchases, model numbers, and purchase prices. Your accountant or accounting program can help you organize this information.

Not only is

this information necessary for your business plan (and potentially essential for financing), it is critical information for your insurance provider in case of a loss or theft. Consider photographing or videotaping a record of your equipment, too. Store this information offsite, perhaps in a safety deposit box.

Just look around — what do you see that would qualify? Your computer, monitor, printer, scanner, software, desk, chair, bookshelves, telephone and answering system, fax machine, and conference room table can all be included on your capital equipment list. And this is just for a small in-home setup.

What if your business is equipment intensive? Manufacturing concerns are heavy on capital expenditures. The majority of your financing may be targeted for these purchases.