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The primary subject matter of this case involves a review of the fundamentals of financial statements, preparing projected financial statements for a new venture and examining sources of information, which will aid financial statement preparation. The case requires students to have an introductory knowledge of accounting, finance and general business issues thus the case has a difficulty level of three (junior level) or higher. The case is designed to be taught in one class session of approximately 1.25 hours and is expected to require 3-4 hours of preparation time from the students. The case tells the story of Ann Stewart, a young business professional who decided to start a new business. Stewart was a sales manager for St Louis Chemical, a distributor of chemical headquartered in St Louis. St Louis Chemical was sold and the acquiring firm did not require her services. As a result of her chemical distribution business experience and the contacts with customers and suppliers, she decided to begin a chemical distribution business. Stewarts has a solid understanding of the chemical industry and the distribution process and while at St Louis Chemical, she had Profit & Loss (P&L) responsibility, but her knowledge of accounting and finance is limited. She has met with a counselor from the Small Business Development Center at Southeast Missouri State University and has been given a crash course in preparing and using a business plan. She has decided to organize his business as a Corporation. The cash she received from the buyout of her St Louis Chemical stock options, severance package and savings will provide initial capital. Her father who recently sold a successful business will also be a shareholder and the largest provider of equity capital. Her brother will also provide a small equity investment. The case contains information on the chemical distribution process and the Small Business Development Center (SBDC) Program administered by the US Small Business Administration. SBDCs provide management assistance to current and prospective small business owners.