New Business Quick Start

Business Quick Start Guide This quick start guide is designed to help you through the first steps of forming a new company in the State of Mississippi. Please ask for assistance with any stage as needed. Please note — the content below is for informational purposes only and not for the purpose of providing legal advice. You should contact your attorney to obtain advice with respect to any particular issue or problem. 1. Choosing a Company Name Factors to Consider When Naming Your Business Many businesses start out as freelancers, solo operations, or partnerships. In these cases, it’s easy to fall back on your own name as your business name. While there’s nothing wrong with this, it does make it tougher to present a professional image and build brand awareness. How will your name look? – On the web, as part of a logo, on social media. What connotations does it evoke? – Is your name too corporate or not corporate enough? Does it reflect your business culture? Does it appeal to your market? Is it unique? – Pick a name that hasn’t been claimed by others, online or offline. A quick web search and domain name search (more below) [...]

iCREATE Summer Camp

iCREATE Summer Camp Launched in 2016, iCREATE is a 7-day overnight camp for kids ages 14-17 where students come together from all over the country to create and start a real business venture in one week. Participants arrive on Sunday afternoon, meet each other, and are given a broad theme. Through the course of the week, they learn from entrepreneurs as they create products for sale the following Saturday at an actual retail store, pocketing their portion of net earnings. Coordinated by the School of Human Sciences and the Center for Entrepreneurship & Outreach, college students at MSU serve as coordinators and counselors for the week and guide campers along the way. What Do Participants Do? Brainstorm product ideas around a given theme Conduct 30-50 face-to-face consumer interviews to iterate product ideas Design, source, and build product ideas Navigate financials and make decisions on loans vs. equity investments Plan, layout, and promote a retail storefront Manage and sell products for a 4-hour pop-up shop Review performance, and if successful, pocket their percentage of net earnings Dates & Locations: iCREATE North MS (Starkville, MS) — Sunday, June 5, 2022  –  Saturday, June 11, 2022 Application Deadline May 1st, 2022 iCREATE Gulf Coast [...]

Professional Service Partners

Professional Service Partners MSU's Center for Entrepreneurship and Outreach maintains this list of professional service providers who are qualified to give legal, accounting, insurance, and banking services. These individuals are crowdsourced from client entrepreneurs of the E-Center. Note: Inclusion in this list does not constitute an endorsement by MSU, but is provided as an informational reference of individuals who have successfully supported bulldog entrepreneurs out of our program. Accounting T.E. Lott & Company Katherine Little, CPA GranthamPoole Michael Denny, CPA Banking Renasant Bank Brad Jones, VP and Commercial Relationship Officer BankFirst Financial Systems Matthew Seawright, VP Business Banking Insurance Galloway-Chandler-McKinney William Hilbun Renasant Insurance Chuck Schimpf Legal Counsel McLaughlin, P.C. Matthew McLaughlin and Connor Reeves Forman Watkins & Krutz LLP Nick C. Giallourakis, Mitch McGuffey, Joel Fike Anne Turner, PC Anne Turner Jones Walker W. Whitaker Rayner Bradley Arant Boult Cummings LLP (IP Law) Michael Williams Dennen IP Law, LLC (IP Law) Ann I. Dennen

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Only after we have a firm understanding of your needs and goals, compensation for our services can take on one of these four forms:* Fee – Fee for the engagement. This could be a flat fee or an hourly fee.

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* Commission – if there were a particular product that fit your situation, we would be able to implement a product where the product company compensates us.

* Hybrid – Combination approach Each implementation strategy has its benefits and its draw backs. The key catalyst for making a decision is based on your situation.

Only after we have a firm understanding of your needs and goals, compensation for our services can take on one of these four forms:* Fee – Fee for the engagement. This could be a flat fee or an hourly fee.

* Fee arrangement – Management fee based upon your assets.

* Commission – if there were a particular product that fit your situation, we would be able to implement a product where the product company compensates us.

* Hybrid – Combination approach Each implementation strategy has its benefits and its draw backs. The key catalyst for making a decision is based on your situation.

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