Small and Emerging Business Development Program
June 22, 2010
Small business owners and entrepreneurs from the northern Louisiana area gathered to hear about Louisiana’s Small and Emerging Business Development Program. They learned that thru the program they can receive financial help to pay for professional services and entrepreneurial training. Participants learned details about the program and also some advice about some choices that are made early in the life of a business. Attendees also had the opportunity to ask questions, to meet other small business owners and service providers, and to see the new Cohabitat Shreveport office in downtown Shreveport.
- SEBD Program Overview
Presented by: Kathy Wyatt, TBDC Director
Ms. Wyatt gave a description of the program. She outlined eligibility factors, the process, and what the program actually provides for the small business. She also held a brief Q&A session.
- Choosing What Type of Entity: The Tax and Legal Implications
Presented by: Alice V. Frazier, CPA, Heard, McElroy & Vestal, LLP and Kyle C. McInnis, Attorney Cook Yancey King & Galloway
Ms. Frazier explained the differences between LLC, S Corp, C Corp, and Sole Proprietorship from a tax standpoint, while Mr. McInnis expounded on the legal implications between those choices. During their talk, they both fielded questions from the audience