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Appendix 7 - Profit and Loss Statement

Profit And Loss Statement

	CURRENT PERIOD	YEAR-TO-DATE
INCOME
Fee Income	$ ___________________	$ ___________________
Client Expense Income	$ ___________________	$ ___________________
Sublease Rental Income	$ ___________________	$ ___________________
Fee Income	$ ___________________	$ ___________________
Interest Income	$ ___________________	$ ___________________
TOTAL INCOME	$ ________________________	$ ________________________
EXPENSES	$ ________________________	$ ________________________
Shareholder Compensation	$ ________________________	$ ________________________
Advertising	$ ___________________	$ ___________________
Postage	$ ___________________	$ ___________________
Telephone	$ ___________________	$ ___________________
Fax	$ ___________________	$ ___________________
Total Communications Expenses	$ ________________________	$ ________________________
Associate Expenses	$ ___________________	$ ___________________
Staff Salaries	$ ___________________	$ ___________________
Employer's Taxes	$ ___________________	$ ___________________
Group Benefits	$ ___________________	$ ___________________
Cantract Services	$ ___________________	$ ___________________
Parking/Office	$ ___________________	$ ___________________
Total Employee Expenses	$ ________________________	$ ___________________
WSIB Premiums	$ ___________________	$ ___________________
Multi Peril, Etc.	$ ___________________	$ ___________________
Key Man	$ ___________________	$ ___________________
Professional Services/Others	$ ___________________	$ ___________________
Referral Fees	$ ___________________	$ ___________________
Penalties	$ ___________________	$ ___________________
Total Insurance, Tax & Fee Expenses	$ ________________________	$ ________________________
Rent - Office/Basement	$ ___________________	$ ___________________
Utilities	$ ___________________	$ ___________________
Total Occupancy Expenses	$ ________________________	$ ________________________
Client Expenses	$ ___________________	$ ___________________
Accounting	$ ___________________	$ ___________________
Auto Expense	$ ___________________	$ ___________________
Bank Charges	$ ___________________	$ ___________________
Delivery Expense	$ ___________________	$ ___________________
Firm Business Meals	$ ___________________	$ ___________________
Filing Fees/Firm Expense	$ ___________________	$ ___________________
Internet Fees	$ ___________________	$ ___________________
Lease Equipment	$ ___________________	$ ___________________
Library	$ ___________________	$ ___________________
Maintenance - Equipment	$ ___________________	$ ___________________
Parking	$ ___________________	$ ___________________
Reproduction - Equipment	$ ___________________	$ ___________________
Subscription	$ ___________________	$ ___________________
Supplies	$ ___________________	$ ___________________
Total Office Expenses	$ ________________________	$ ___________________
Annual Functions	$ ___________________	$ ___________________
Continuing Legal Education (CLE)	$ ___________________	$ ___________________
Client Development	$ ___________________	$ ___________________
Professional Fees/Dues	$ ___________________	$ ___________________
Entertainment	$ ___________________	$ ___________________
Gifts	$ ___________________	$ ___________________
Total Professional Activities Expenses	$ ________________________	$ ________________________
Contributions	$ ___________________	$ ___________________
Interest	$ ___________________	$ ___________________
Total Miscellaneous Expenses	$ ________________________	$ ________________________
TOTAL EXPENSES	$ ________________________	$ ________________________
OPERATING INCOME	$ ________________________	$ ________________________

Terms or Concepts Explained