The Law Firm of Figeroux & Associates has partnered with our Chamber to implement a Small Business Solutions Program. As a 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 Chamber Legal Club Description and a sample Small Business Solutions Retainer Agreement.
For small businesses, new or old, we suggest that you register for the free seminar series, The Small Business Boot Camp, in conjunction with the Chamber. The Small Business Boot Camp is a five-part series of seminars: Business Plan Basics, Financing Your Business, Marketing and Social Media; Legal, Tax and Accounting Issues and Minority Certification of Your Business.
Evaluate and Develop Your Business Idea
|1.||Determine if the type of business suits you.|
|Use a break-even analysis to determine if your idea can make money.|
|Write a business plan, including a profit/loss forecast and a cash flow analysis.|
|4.||Find sources of start-up financing.|
|5.||Set up a basic marketing plan.|
|Decide on a Legal Structure for Your Business|
|6.||Identify the number of owners of your business.|
||Decide how much protection from personal liability you'll need, which depends on your business's risks.|
|8.||Decide how you'd like the business to be taxed.|
||Consider whether your business would benefit from being able to sell stock.|
||Research the various types of ownership structures: Sole Proprietorship, Partnership, LLC, C Corporation or S Corporation.
||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|
||Think of several business names that might suit your company and its products or services.|
||If you will do business online, check if your proposed business names are available as domain names.|
||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.|
||For corporations and LLCs: check the availability of your proposed names with the Secretary of State or other corporate filing office.
||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 well known.|
||Choose between the proposed names that are still on your list