Small Business Solutions
Enjoy Legal Counseling at 40% Off Normal Lawyer Fees!
Figeroux & Associates has partnered with the New American Chamber of Commerce (NACC) and the African American International Chamber of Commerce (AAICC), "Small Business Solutions" program. As a NACC or AAICC Chamber member, for as little as $299.40 annually, non Chamber members $799.40, the Law Firm of Figeroux & Associates can be retained at 40% off normal lawyer fees. To better understand this project, please review our Small Business Solutions Introduction, the NACC & AAICC Legal Club Description and a sample Small Business Solutions Retainer Agreement. Remember, as a NACC or AAICC member, you pay only $299.40 annually to benefit from the Small Business Solutions Program, as a non Chamber member the annual cost of this program is $799.40.
For small businesses, new or old, we suggest that you register for the free seminar series, Small Business Boot Camp, with the NACC and AAICC Chambers. The Small business Boot Camp, is five part series of seminars: Business Plan Basics, Financing Your Business, Marketing & Social Media, Legal, Tax and Account Issues and Minority Certification of your Business.
If you are thinking about starting your own business? Congratulations! It’s a huge step, and you’ll need to be prepared. And, we are here for you. We hope that Our Evaluate and Develop Your Business Idea section below with special links, will serve as an informational guide and decision-making tool.
Evaluate and Develop Your Business Idea
1- Determine if the type of business suits you.
2- Use a break-even analysis to determine if your idea can make money
3- Write a business plan, including a profit/loss forecast and a cash flow
4- Find sources of start-up financing
5- Set up a basic marketing plan
6- How to Divide Equity Among Founders and a Startup Company
1- Identify the number of owners of your business.
2- Decide how much protection from personal liability you'll need, which depends on your business's risks.
3- Decide how you'd like the business to be taxed.
4- Consider whether your business would benefit from being able to sell stock.
5- Research the various types of ownership structures. Sole Proprietorship, Partnership, LLC, C Corporation and S Corporation.
6- Get more in-depth information from a self-help resource, and from NACC meetings, before you settle on a structure. If you are unsure, talk to a lawyer.
Choose a Name for Your Business
1- Think of several business names that might suit your company and its products or services.
2-If you will do business online, check if your proposed business names are available as domain names.
3-Check with your county clerk's office to see whether your proposed names are on the list of fictitious or assumed business names in your county.
4- For corporations and LLCs: check the availability of your proposed names with the Secretary of State or other corporate filing office.
5- Do a federal or state trademark search of the proposed names still on your list. If a proposed name is being used as a trademark, eliminate it if your use of the name would confuse customers or if the name is already famous.
6- Choose between the proposed names that are still on your list.
Financing Your Business