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BUSINESS REPORT’S

SMALL BUSINESS GUIDE 2020 DAVID FACEY Founder of digital app SellSwipe and a serial entrepreneur

INSIDE

DON KADAIR

Small business owners evolve Student entrepreneurs Resources for business owners

SPONSORED BY:

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Jennifer Weishaupt

Founder and CEO Ruby Slipper Restaurant Group

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Issue Date: November 2020 Ad proof #4

• Please respond by e-mail or fax with your approval or minor revisions. • AD WILL RUN AS IS unless approval or final revisions are received by the close of business today. • Additional revisions must be requested and may be subject to production fees. Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS This ad design © Louisiana Business, Inc. 2020. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

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• Additional r

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2020 SMALL BUSINESS GUIDE

BUSINESS REPORT’S

SMALL BUSINESS GUIDE

2020

CONTENTS

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89 Delayed but still BREWing.......................................................................................................................... 70 The hows and whys of small business.......................................................... 73 David Facey: Repurposing an idea Brandon Landry: Growth through franchising Stafford Wood: Managing from afar YEA Baton Rouge Class of 2021......................................................................................... 81 Getting down to business............................................................................................................................ 84 Business incentives.......................................................................................................................................................... 88 Small business special programs.................................................................................... 88 BR’s entrepreneurial ecosystem............................................................................................ 89 LISTS: Louisiana SBA lenders........................................................................................................................................... 90 Accounting firms.......................................................................................................................................................................... 92

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• Additional revisions must be requested and may be subject to production fees. Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS This ad design © Louisiana Business, Inc. 2020. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

Borrow the Books, Keep the Ideas Your digital library is always open. Enjoy thousands of FREE e-books, e-magazines, e-audiobooks and more. Acquire a new skill or broaden your knowledge with a variety of learning tools and platforms.

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TURNS

225 MAGAZINE is proud to have been a part of the Baton Rouge community for 15 years now. 225 is focused on bringing our readers POSITIVE and INSPIRING stories that cover community interests, local events, and so much more. Thanks for sticking with us and we look forward to KICKING OFF 2021 with you!

For advertising opportunities contact Erin Pou at erinp@225BatonRouge.com

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2020 SMALL BUSINESS GUIDE

From our sponsors THE EAST BATON ROUGE Parish Library is committed to strengthening business, promoting workforce development and supporting entrepreneurship throughout the parish. We continue to enhance our technology services, databases and online resources to meet your needs. COVID-19 forced many businesses to rethink service delivery and training, so we have greatly increased the depth and breadth of the premium business resources offered freely via our website, ebrpl.com/DigitalLibrary—all you need is your library card. We’re conveniently open seven days a week at our 14 libraries, too. The Digital Library provides access to thousands of free employment training courses, educational assistance programs and businessrelated databases, as well as free online movies, eBooks, magazines, music, foreign language lessons, hobby courses, news, archives and more. We’re especially pleased to present the Library’s SMALL BUSINESS SERVICE to local business owners and entrepreneurs. This service includes free

programs, resources and tools to help your business grow, and offers free one-on-one consultations with our business librarians. Contact them at smallbusiness@ebrpl.com. Business librarians can guide you in the use of Gale Business: Entrepreneurship and Gale Business: Plan Builder, a step-by-step online planning tool for starting, managing and optimizing a business or nonprofit. The program’s intuitive dashboard walks users through five areas to develop a business plan focused on long-term success: Entrepreneur Profile; Business Ideation; Break-Even Analysis; Business Plans; and Financial Projections. This is just one of a number of business tools and skills development resources available FREE through EBRPL’s Digital Library, including Lynda.com, Udemy, Mergent Intellect, ReferenceUSA (now Data Axle Reference Solutions), LexisNexis, Small Business Reference Center and Sage Business Researcher. To view all library business resources, visit ebrpl.com/Business.

IN 2006, BUSINESS First Bank was chartered in Baton Rouge, La. by a small group of individuals who saw a unique opportunity in the market to provide businesses with a new type of community banking. This new style of banking would deliver technologicallydriven products and services that are normally found at a larger bank, but still deliver the customized style and service you receive at community banks. In 14 years, the bank has expanded its footprint through organic and acquisitive growth across the state and into the Dallas-Ft. Worth, Tx. market. Today the bank has approximately $4.0 billion in assets with the largest deposit base of any bank headquartered in Louisiana. The bank began trading on the Nasdaq Global Select Market under the ticker symbol “BFST” on April 9, 2018. The bank’s growth has included a broad mix of both business and consumer

clients, which prompted a change of name to b1BANK in December 2019, and this spring the bank was awarded the Best In-State Bank designation by Forbes. COVID-19 has brought many unique challenges in 2020, but we remain committed to continue our mission, and assist both business and consumer clients with support and growth opportunities. b1BANK has provided over 2,800 Small Business Association Paycheck Protection loans, and our bankers continue to work with clients to customize solutions needed during these times of uncertainty. Our digital Treasury Management products and services help our business customers manage their business in a more efficient and convenient manner while also providing safe alternatives to in-person banking. In addition to being a source of funding for local businesses, b1BANK’s suite of technologicallydriven personal banking products

The Library continues to upgrade its physical infrastructure with the completion of the replacement River Center Branch Library and major renovations almost complete for the Greenwell Springs Road and Jones Creek Regional branches. Each branch will be modern, high-tech and energy efficient, and serve as a center for robust community and government activities and meetings, planning, learning and discovery. These construction projects are fully funded on the pay-as-you-go plan with no bonds or indebtedness, thanks to public support for the Library’s 10-year dedicated property tax. The support you give YOUR LIBRARY makes it possible for us to continue to renovate our older branches, build new facilities, broaden our services and selections, offer more meeting and study spaces, and provide additional high-tech computers and software, free Wi-Fi and much more. Spencer Watts Library Director

have helped our clients perform traditional banking transactions safely and conveniently at home. Our services also include Mobi Money (a debit card fraud protection tool), an extended ATM network, budget management tools, and wealth solutions. Through b1BANK’s growth, our teams have remained dedicated to the communities we serve. Our b1COMMUNITY initiative supports employee volunteer efforts, which increases partnership and support of local non-profit organizations. Our team of dedicated bankers are talented, knowledgeable, and have a proven track record of supporting our clients and the communities we serve. We are here to support your goals, a true partner along your journey to success. Mike Nizzo

Market President b1BANK

Daily-Report.com | BUSINESS REPORT, November 2020

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2020 SMALL BUSINESS GUIDE

Delayed but still BREWing BATON ROUGE Entrepreneurship Week is going to look a lot different this time as the event celebrates its 10th anniversary in the middle of a pandemic. What’s different? Attendees will notice two major changes from years past: • BREW, which typically takes place in November, is being pushed back to Jan. 19-21, 2021. • For the first time, the three-day event will be mostly virtual. Theme: The overall theme of the upcoming series is “The Future Of …,” which BREW organizer Wendy Overton believes will resonate with its audience.

Issue Date: November 2020 Ad

BY CAITIE BURKES

Opening night: An all-virtual opening night will take place Jan. 19. The welcome event will include: • “Lightning talks.” Attendees will be able to hear five-minute mini-talks about new innovations and ideas, which are meant to be broader than traditional business pitches. Interested speakers can soon apply for a time slot on BREW’s website, where guidelines will be made available in the coming weeks. • Virtual networking. Organizers are currently assessing which virtual platform would offer the best networking experience, which is the main reason many attend BREW#1 in the first place. proof

Explains “We’re ••Please respondOverton: by e-mail or fax with yourall approval or minor revisions. • AD WILL AS ISWe unless approval or final revisions tired of RUN 2020. want to capitalLook who’s talking: Like preare received by the close of business today. ize on the hope that 2021 brings.” vious years,fees. BREW will feature • Additional revisions must be requested and may be subject to production

various panels and some keynote addresses. While many details are still being ironed out, local entrepreneurs can expect to see the following faces and panel discussions Jan. 20-21: • Futurist Mark Parrott will host a master class on “Meta-Trends

and the Next Economy,” inspired by his 2017 book of the same name. In the workshop, Parrott will share some key trends futurists are predicting, so that entrepreneurs can set goals accordingly. Parrott, a 27-year veteran of the financial services industry, specializes in retirement planning,

Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS This ad design © Louisiana Business, Inc. 2020. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

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mergers and acquisitions, and coaching CEOs of privately held businesses to maximize their business and net worth. • A panel discussion on equity in entrepreneurship will serve as a continuation of the Louisiana Tech Park’s eponymous virtual panel series from September. • TBD: A keynote speaker. PitchBR Competition: The culminating event of the BREW series is planned for Jan. 21, but most specifics remain up in the air. Among unknowns:

• The competitors. Applications will open in November, with a closed-door, semifinal round in December. The three finalists will make their way to BREW’s pitch night.

THREESIXTYEIGHT

• The logistics. Organizers hope to make the pitch competition either an in-person or hybrid event, though much of those efforts are contingent upon finding a reliable technology platform to livestream the competition for at-home viewers. • The prize. BREW organizers are trying to determine whether there’s enough interest among local investors to support another high-stakes investment prize (last year, 10 angel investors committed

LOOKING BACK: Previous BREW events have seen entrepreneurs like Walk-On’s Brandon Landry, left, and Todd Graves, of Raising Cane’s, serve up advice.

a $100,000 investment to the winner) rather than a cash prize. Sign up: Register for BREW

and get more information about speakers, panels and the PitchBR competition at celebratebrew.com.

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2020 SMALL BUSINESS GUIDE

MAKING IT HAPPEN:

The HOWS and WHYS of

small business Repurposing ideas, growing through franchising and managing from afar, three entrepreneurs share their respective experiences.

Daily-Report.com | BUSINESS REPORT, November 2020

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2020 SMALL BUSINESS GUIDE

DAVID FACEY serial entrepreneur

Issue Date: Nov 2020 Ad proof #2

DON KADAIR

• Please respond by e-mail or fax with your approval or minor revisions. • AD WILL RUN AS IS unless approval or final revisions are received by the close of business today. • Additional revisions must be requested and may be subject to production fees. Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS This ad design © Louisiana Business, Inc. 2020. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

MAKING A DIFFERENCE, ONE SMALL BUSINESS AT A TIME.

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How David Facey has mastered the art of repurposing an idea SINCE FOUNDING BUSINESS-TO-CONSUMER marketplace app SellSwipe in 2018, local entrepreneur David Facey has been constantly evolving his product to carve out a niche for himself in Baton Rouge.

WHAT’S NEW:

• Who is the right person to solve that problem? That person must be “very intimate” with the problem and already have a potential solution in mind, says Facey, who’s established himself as something of a tech expert and tends to gravitate toward tech-based projects.

• Keep BR Shopping, a free online directory of local businesses.

• Is the timing right? As Facey points out, “There are some problems that have existed since the dawn of man, so make sure people are ready for that problem to be solved.”

Throughout the pandemic, Facey has gone on to launch a few other key ventures in Baton Rouge, including:

• ShopBlack, a nationwide directory of Black-owned businesses. • On the List, a company that plans to launch a party promoting app of the same name and also manages the Dead Poet bar in Tigerland.

WHY IT MATTERS:

By juggling all these pursuits, Facey has mastered the art of repurposing his ideas for different audiences.

CONSIDERATIONS:

Before determining whether to pursue a certain project, Facey asks himself the following questions: • Is there really a problem? There’s a big difference between something that inconveniences you and something that inconveniences a large enough group of consumers, Facey warns. To get an accurate picture, do your research and gauge interest from different industries and other groups of people.

• What resources are needed to solve the problem? Be honest with yourself about whether you have the financial means, knowledge and skills to handle a particular venture. Identify and measure what it would take to fill those gaps, figure opportunity costs, and determine if it’s worth pursuing. Mind the backlog. While project backlogs are inevitable, Facey says timing should always take top priority.

of a problem and potentially enhance your product or service.

UPSIDES:

More projects also gives you access to more data— and the more data you have, the more informed your decisions can be. • It’s much easier and cheaper to launch a second business than it is to create the first from scratch. Facey has recycled financial models and social media strategies, and having a ready-made privacy policy template from SellSwipe saved him tens of thousands of dollars in legal fees when launching On the List.

OTHER LESSONS LEARNED: • Your network is your net worth. Even if a contact couldn’t help Facey with one venture, that person might’ve been able to help him with the next or connect him with a key hire or future investor.

• Facey remembers how On the List evolved from an idea to the top of his project priority list. “The pandemic is like the gold rush for the tech industry,” he says. “Some people say it’s crazy to open a bar right now, but I wouldn’t have even gotten the opportunity to manage a bar had the pandemic not happened, so I knew I had to move on this opportunity quickly.”

• Be transparent. Allow yourself to be vulnerable with your network, and open up to them about your struggles and hopes. You never know who may be able to help.

DOWNSIDES:

• Know your limits. In terms of time and money, always make sure you’re gaining more than you’re losing.

Adding more to your plate means your mind is more fractured, making it difficult to dig deeper into the weeds

• Understand the risks of mixing business with personal relationships. Friends and relatives are not normal employees. Before you ask them to join you, keep in mind that your relationship will be tested.

—Caitie Burkes

AWARD WINNING CUSTOMER SERVICE FOR REPLACEMENT

DOORS | WINDOWS | SIDING

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2020 SMALL BUSINESS GUIDE

BRANDON LANDRY co-founder of Walk-On’s Sports Bistreaux

• Please respond by e-mail or fax with your approval or minor revisions. • AD WILL RUN AS IS unless approval or final revisions are received by the close of business today. • Additional revisions must be requested and may be subject to production fees. Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS

COLLIN RICHIE

Issue Date: 2-26-19 Ad proof #6

This ad design © Louisiana Business, Inc. 2019. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

Congratulations ON YOUR 40 UNDER 40 RECOGNITION!

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How Brandon Landry is growing his restaurant brand through franchising WHEN FORMER LSU basketball player Brandon Landry co-founded Walk-On’s Sports Bistreaux in 2003, he was just looking to sell “some burgers and some beers” on Burbank Drive. Less than 20 years later, he’s selling a lot more than that and there’s nearly 50 restaurants across the nation bearing the WalkOn’s”name. 

WHAT’S NEW:

Walk-On’s recently received a significant investment from 10 Point Capital, a private equity firm that specializes in growing franchise businesses. • Landry had been in discussions with Point Capital for over two-and-a-half years, calling the firm’s professionals “experts at the franchise model.”  • The capital investment will go straight into the corporate infrastructure of Walk-On’s, as no funds from 10 Point Capitals are designated to open new units, Landry says. 

WHY IT MATTERS: Walk-Ons is currently going through a period of Issue Date: BRBR OCT 2020 AD proof #1 growth, with about 160 new franchise locations

• Please respond by e-mail or fax with your approval or minor revisions.

planned. • AD WILL RUN AS IS unless approval or final revisions

• Despite the pandemic, Walk-On’s has had a busy year, opening 16 new franchise restaurants in the Southeast, The new locations expand their total stores to just shy of 50 across nine states. • Walk-On’s expects to open another 20 to 25 units next year, expanding the brand’s footprint to 14 states. 

CONSIDERATIONS:

When it comes to closing the deal with a new franchisee, Landry looks for a shared passion for the brand’s culture, which emphasizes teamwork and community. • It starts with a clearly defined vision and purpose of what Walk-On’s is trying to do with its brand, says Landry, and finding people who align with the vision, purpose and what you want to do with culture.  • All systems and processes must be scalable and reproducible.  • Set the parameters of what’s important in the brand to you. By setting the boundaries, you can ensure your brand remains consistent while giving your franchisee the freedom to become an entrepreneur and get involved in the community.

are received by the close of business today. • Additional revisions must be requested and may be subject to production fees.

TESTING CONCEPTS:

With his strategy for growth relying on franchise expansion, Landry currently has no plans to open more corporate-owned stores, though he does plan to hold onto the ones he has. • Walk-On’s is currently testing out a new menu in a handful of locations in south Louisiana as well as at one location in Texas.

OTHER LESSONS LEARNED:

• When closing a deal with a new franchisee, it’s important to remember that person is buying into your business and is an owner, too. While there are guidelines they have to live within for their business, the franchisor is there to give them support.   • Although it has received inquiries from aspiring franchisees across the nation, Walk-On’s is focused on growing its physical footprint by expanding the “circle” of where it already has a presence, Landry says.

WHAT’S NEXT:

Landry is looking to expand outside of restaurant spaces. “I think there’s an opportunity for us to become a lifestyle brand, infusing culture wherever we go.” —Holly Duchmann

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STAFFORD WOOD founder of Covalent Logic

MARIE CONSTANTIN

Issue Date: Nov 2020 Ad proof #4

• Please respond by e-mail or fax with your approval or minor revisions. • AD WILL RUN AS IS unless approval or final revisions are received by the close of business today. • Additional revisions must be requested and may be subject to production fees. Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS This ad design © Louisiana Business, Inc. 2020. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

A FOUNDATION OF LEADERSHIP TO MAKE YOUR JOB EASIER Pelican State Partners provides lobbying, consulting and association management services in Louisiana. We are committed to our clients’ success as they engage local and state government in the pelican state.

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How Stafford Wood is managing a Baton Rouge company from Austin WHEN GOV. JOHN Bel Edwards put Louisiana under a stay-at-home order to slow the spread of COVID-19, the team at Covalent Logic was prepared to work mostly from home—the strategic communications agency has had a few remote workers for years—but transitioning to an all-remote team was made a little more complicated when founder Stafford Wood moved to Austin, Texas.

WHAT HAS CHANGED:

Covalent Logic is still based in Baton Rouge but Wood has shifted her role, transferring some of the management duties to Vice President Trey Russell while the rest of the company is planning to stay remote for the foreseeable future. Wood is now focused on working more directly with clients.   • To deal with having a scattered team even farther apart, Wood and Russell have incorporated several strategies to keep communications open, clear and efficient.  • Zoom meeting styles are adjusted depending on group size and managers call to follow up with employees right after meetings. 

• Every week each person gets assigned what Russell calls a Battle Buddy from a different department who they are instructed to chat with every day about nonwork issues.   •  “We’ve learned that we need to prep before a group meeting in a different kind of way,” Wood says. “We try to give people the information they need before the meeting and let them digest it and then when we get together to talk about things it goes smoother.”  •  Administrative assistant Jacob Lionberger stops by the office weekly and forwards any mail or materials to other team members. He also orders supplies for employees to use at their home offices. 

WHY IT MATTERS:

Covalent Logic is a prime example of a company that over the past several months has dealt with a lot of operational changes and has developed specific strategies to help adapt.  

CONSIDERATIONS:

“When you’re in a room with people you can read body language, but on a video call you can’t read body language in the same way,” Wood says. “People just tend to communicate less in a video call than they do in real life.” • It’s important to be purposeful about communication and to try different methods to find what works. “I’ll group-text people if something comes up,” Wood says. • Intentionally having conversations that are specifically not about work can help team members stay connected and bring new ideas to ongoing projects.  

OTHER LESSONS LEARNED:

“I would not necessarily have taken the opportunity to do what was good for me personally by moving away if everybody hadn’t been at home,” Wood says. “And so it was like, ‘If everyone’s at home, I’ll go be in another place at home,.’ Covalent is still in Baton Rouge, I just moved me.” —Deanna B. Narveson    

We have modern Internet plans that connect you to everything that keeps business moving like never before. We’re ON to something big. You can be, too at EATELbusiness.com.

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COLLIN RICHIE

2020 SMALL BUSINESS GUIDE

BUSINESS CLASS: Students going through the Young Entrepreneurs Academy of Baton Rouge attend weekly classes at LSU’s E.J. Ourso College of Business.

Meet the Young Entrepreneurs Academy of Baton Rouge class of 2021

ENTERING ITS THIRD year, the Young Entrepreneurs Academy of Baton Rouge features a class of 18 local high school students who attend weekly classes at LSU’s E.J. Ourso College of Business.

The program allows a select group of high school students to generate business ideas, write business plans, pitch to a panel of investors and launch their own companies. In early 2021, this year’s class—which includes students representing 14 public, private and online charter schools—will register their own LLCs with the Louisiana Secretary of State’s office, creating new businesses in the state. Here are the business ideas pitched by members of this year’s class. The winning concept will advance to a national pitch competition in New York. Daily-Report.com | BUSINESS REPORT, November 2020

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2020 SMALL BUSINESS GUIDE

Liberty Magnet High School

Mya Beathley, 16

Donaldsonville High School

Jaylen Carter, 14

Mateo Chaney-Martinez, 17

ENTREPRENEURIAL DREAM:

ENTREPRENEURIAL DREAM: Launch

Form a service that encourages youth in urban areas to get into STEM.

a unique makeup and accessory company for all skin types.

ENTREPRENEURIAL DREAM: Develop a community where high school and college students can cultivate ambitious ideas, receive invaluable feedback and develop crucial soft skills.

Gabryel Duncan, 17

Serenity Helaire, 15

Sydney Hubbard, 16

ENTREPRENEURIAL DREAM: Expand the product market for people with disabilities, resulting in greater awareness and inclusion for the community.

ENTREPRENEURIAL DREAM: Create an effective business and product that I can share with pride with people around the world.

ENTREPRENEURIAL DREAM: Create a company that helps to better the world by helping to solve its problems.

Walker High School

Siya Kumar, 14

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University View Academy

East Ascension High School

Dutchtown High School

Baton Rouge Magnet High School

Louisiana Virtual Charter Academy

Brynali Marshall, 16

Anmol Mehrotra, 17

ENTREPRENEURIAL DREAM: Form a company that allows solar energy to become more accessible to the general public.

ENTREPRENEURIAL DREAM: Form a clothing brand that will transform mainstream fashion and leave a lasting impact by dismantling Western beauty standards.

Offer a service that helps students get the best and safest education possible.

McKinley Senior High School

ENTREPRENEURIAL DREAM:

BUSINESS REPORT, November 2020 | BusinessReport.com

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Quentin Messer III, 16

Morgan Miller, 16

ENTREPRENEURIAL DREAM:

ENTREPRENEURIAL DREAM: Provide a service that is successful both on its own and also successful in giving back to the community, by working for the improved mental health of its users.

Episcopal School of Baton Rouge

Create a platform that celebrates uniqueness and inspires conversation.

St. Amant High School

Alanna Riley, 17 Dutchtown High School

ENTREPRENEURIAL DREAM:

Provide a service that helps make people’s everyday lives easier.

Joey Roth, 14

Matthew Rotolo, 16 Walker High School

West Feliciana High School

ENTREPRENEURIAL DREAM: Make

cooking easier and more precise for home cooks and professionals.

ENTREPRENEURIAL DREAM: Provide a service that helps students at his high school have a fully functional and working cellphone at their disposal.

ENTREPRENEURIAL DREAM: Provide a service that helps a consumer’s driving life run smoother and safer.

Parker St. Romain, 17

Edward Tyler, 14

Luke Williams, 16

Episcopal School of Baton Rouge

Catholic High School

Dutchtown High School

Cardell Smith, 16

St. Amant High School

ENTREPRENEURIAL DREAM:

ENTREPRENEURIAL DREAM:

ENTREPRENEURIAL DREAM:

Create a company that changes the world of travel using modern-day technology.

Provide a service that highlights young athletes in order to grant them greater opportunities at the next level.

Provide a product or service that takes away the little things that can cause so much stress, shaping lives through something as simple as planning.

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2020 SMALL BUSINESS GUIDE

Getting down to business Everything you need to know about starting a company in Louisiana.

1. CHOOSE A STRUCTURE

• Individual or sole proprietorship: A business where only you, or your spouse, own the business, even though you may have employees. • Partnership: A business where two or more people own the business jointly. • Corporation: A business treated by law as an entity. It has a life separate from its owners or stockholders. Many corporations begin as sole proprietorships or partnerships. • Limited liability company: An entity that is an unincorporated association having one or more members organized and filing articles with the secretary of state. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. • Foreign corporation: A corporation organized outside the state may obtain a certificate of authority in Louisiana by filing an application with the secretary of state’s corporations section and by appointing a registered agent to accept service of process.

2. DEVELOP A BUSINESS PLAN

A business plan defines your business, identifies your goal and serves as your firm’s résumé. The components include a current and pro forma balance sheet, an income statement and a cash flow analysis. Start with the Small Business Development Center nearest you to develop a plan. Coordinating and Development Corp. What: Publishes a business plan guide.

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PHOTOS BY ISTOCK

One of the first steps in forming any new business is to determine the type of business structure you will use. There are several structures to choose from, including sole proprietorship, partnership, corporation, limited liability company and limited liability partnership. Each has advantages and disadvantages as well as tax consequences. You may wish to consult a tax practitioner, accountant, attorney or other resource. To operate in Louisiana, register as one of the following:

Phone: 318-632-2022 Web: cdconline.org Dixie Business Center What: Offers free counseling and business plan guides Phone: 225-655-0809 Web: dixiebusinesscenter.org Louisiana Economic Development What: Publishes a resource guide. Phone: 225-342-3000 Web: opportunitylouisiana.com LSBDC at Southern University Baton Rouge What: Publishes a business plan guide. Phone: 225-771-2891 Web: lsbdc.org/subr/ LSU’s Stephenson Entrepreneurship Institute What: Offers business plan guide and management consultation Phone: 225-578-0313 Web: lsu.edu/business/sei/index.php Service Corps of Retired Executives [SCORE] What: Publishes a guide and hosts workshops, which aids in developing a business plan. Phone: 225-381-7130 Web: batonrougearea.score.org/ Small Business Administration What: Publishes a business plan guide. Phone: 504-589-6685 Web: sba.gov

3. CHOOSE A NAME

Before you submit articles of incorporation, articles of organization and trade names, the Secretary of State’s Office recommends you conduct a preliminary check of the corporation or trade name. If the name you want is

available, you should formally reserve it with the Secretary of State’s Office or wait for confirmation of your filing before obtaining stationery, business cards, phone listings, etc. Secretary of State What: Preliminary checks and formal reservations for corporation or trade name. Names can be reserved for a fee of $25 and a period of 60 days. Two 30-day extensions are available upon request. Phone: 225-922-2880 Web: sos.louisiana.gov Note: If you are an existing business coming to Louisiana from out of state and you have a trade name/trademark/ service mark filed with the U.S. Patent and Trademark Office, you should contact an attorney. Filings with the Louisiana Secretary of State’s Office are not cross-checked.

4. REGISTER YOUR BUSINESS

Registration is required on local and state levels for businesses before they can operate. What: Registration is required in the parish where an entity is doing business for unincorporated businesses such as sole proprietorships. Phone: 225-389-3960 Web: ebrclerkofcourt.org Louisiana Department of Revenue What: Registration is required for any business engaging in sales of any kind. Phone: 855-307-3893 Web: revenue.louisiana.gov Office of the Secretary of State What: Registration is required for corporations, partnerships and limited liability companies.

Phone: 225-922-2880 Web: sos.louisiana.gov

5. OBTAIN AN EIN AND TAX INFO An employer identification number, or EIN, is also known as a taxpayer identification number, or TIN. A sole proprietorship that has no employees (and files no excise or pension tax returns) and an LLC with a single owner (where the owner will file employment tax returns) are the only businesses that do not need an employer identification number. The sole proprietor uses his or her Social Security number. All other businesses must apply for a federal EIN.

City-Parish Finance Department Revenue Division What: Contact for information regarding local sales tax policies and requirements. Phone: 225-389-3084 Web: brla.gov/635/Revenue-Division Internal Revenue Service What: EINs for those businesses needing to file form SS-4, Application for Employer Identification Number. Information is also available on income tax withholding and federal unemployment tax forms. Phone: 225-343-8625 Web: irs.gov Louisiana Department of Revenue and Taxation What: Contact for state sales tax registration, state ID number and income tax withholding. Phone: 225-219-7356 [sales] 225219-0102 [income] Web: revenue.louisiana.gov

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PHOTOS BY ISTOCK

Unit Sanitation Section What: Business address, zoning clearance and fees are required from businesses that will sell food and/or alcohol. Phone: 225-242-4860, ext. 5 Office of Alcohol and Tobacco Control What: Any business selling beer, liquor or tobacco must obtain a state alcoholic beverage and/or tobacco license. Phone: 225-925-4041 Web: atc.rev.state.la.us

GENERAL

6. SELECT A LOCATION AND SITE

Consider the nature of your service or product and your target market when choosing a location. While retail businesses may desire visibility or easy access for walk-in trade, wholesalers and distributors typically need more space at a lower cost per square foot and truck or loading access. Business and professional services tend to look for office buildings or professional centers. You can find searchable databases online with information on available properties. Certificates of occupancy are also issued by the local or parish government upon determination your type of business is located in the proper zone. City of Baker Inspections Division What: Mandatory zoning clearance/ inspections are required along with a business’s physical address. Physical address, survey map, legal description of property, scale of layout proposal and various fees are required for application to change zoning. Phone: 225-778-0850 [Inspections Division], 225-775-5584 [Public Works] Web: cityofbakerla.com/wp/inspections City of Central Municipal Services What: Mandatory zoning clearance/ inspections are required along with a business’s physical address. Physical address, survey map, legal description of property, scale of layout proposal and various fees are required for application to change zoning. Phone: 225-262-5000 Web: centralgov.com City-Parish Department of Public Works Inspections Division What: Mandatory zoning clearance/ inspections are required along with a business’s physical address. Physical address, survey map, legal description of property, scale of layout proposal and various fees are required for application to change zoning.

Phone: 225-389-3205 Web: brla.gov/458/Permits-Inspections City of Zachary Inspections Division What: Mandatory zoning clearance/ inspections are required along with a business’s physical address. Physical address, survey map, legal description of property, scale of layout proposal and various fees are required for application to change zoning. Phone: 225-654-6873 [Inspections] Web: cityofzachary.org/city-services/ inspections Louisiana Economic Development What: Provides databases on sites and buildings, parishes and communities, geospatial data, geographic suitability and featured megasites. Phone: 225-342-3000 Web: opportunitylouisiana.com

7. OBTAIN PERMITS/LICENSES Proper federal, state and local business licenses and permits allowing a legal entity to operate in Louisiana must be obtained before the start of business, including permits, occupational licenses and certificates of occupancy.

Geauxbiz.com What: Streamlines registration, licensing, permitting and tax process and can direct you to the proper state and local licensing and taxing authorities. Phone: 225-922-2880 Web: geauxbiz.sos.la.gov

ENVIRONMENTAL Department of Environmental Quality What: A range of licenses and permits is granted to businesses in compliance

with state and federal regulations. Its Small Business Assistance Program is a non-regulatory, non-enforcement program to help business owners comply with state and federal regulations. Phone: 225-2195337 Web: deq.louisiana. gov Environmental Protection Agency What: Oversees all federal environmental legislation and has jurisdiction over the issuance of various permits and licenses, though this jurisdiction does not extend over all states for all matters. Phone: 214-665-2200 or toll-free 800887-6063 Web: epa.gov Office of Environmental Services What: Oversees permits, licenses, registrations, certifications, authorizations, pre-permit meetings, small business assistance, customer assistance, outreach, complaints and community relations. Phone: 225-219-3181 Web: deq.louisiana.gov/directory/office/ office-of-environmental-services

FOOD/BEVERAGE City of Baker ABC Office What: Businesses selling alcohol must contact the appropriate local office for requirements and fees. Phone: 225-778-1751 City-Parish Attorney’s Office of Alcoholic Beverage Control What: Businesses selling alcohol must contact the appropriate local office for requirements and fees. Phone: 225-389-3364 Web: brla.gov/460/Alcoholic-BeverageControl-Office East Baton Rouge Parish Health

City of Baker Finance Department What: Local occupational license determined by type of business. Requirements include picture ID and corporate charter/partnership agreement and fees, which vary. Phone: 225-778-1751 Web: cityofbakerla.com/wp/finance City of Central Municipal Services What: Local occupational license determined by type of business. Requirements include picture ID and corporate charter/ partnership agreement and fees, which vary. Phone: 225-2625000 Web: centralgov.com City-Parish Finance Department Revenue Division What: Local occupational license determined by type of business. Requirements include picture ID and corporate charter/partnership agreement and fees, which vary. Phone: 225-389-3084 Web brla.gov/635/Revenue-Division Occupational Safety and Health Administration What: Requires no licenses or permits, but employers must display a poster describing relevant rights and responsibilities. Most employers must keep a log of work-related injuries and illnesses, which must be accessible to employees. Phone: 800-321-6742 Web: osha.gov

HOSPITAL/NURSING HOME/CHILD CARE Department of Social Services What: Licenses are required before a day-care center may be opened. Phone: 225-342-0286 Web: dss.state.la.us/ Louisiana Department of Health and Hospitals, Health Standards Section What: Licensing by the state is required before a hospital or nursing home may be opened. Phone: 225-342-0138 Web: ldh.la.gov/

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2020 SMALL BUSINESS GUIDE

8. OBTAIN FINANCING

If you are a small business and are unable to obtain sufficient funding through personal and family sources, the U.S. Small Business Administration offers several types of loans to prospective small business owners: loans made by private lenders [usually banks] that are guaranteed by the SBA. The SBA is not a bank, but extends guarantees or participation when a bank is unable or unwilling to provide the small business’s entire financing by itself. Prior to applying for financial assistance, a prospective small business owner must prepare a business plan, which should identify a market, choose a location, determine capital requirements, project cash flow, establish a credit rating and outline the nature and principles of the business. Loans, venture capital and financing programs are also provided by various state and local agencies. Downtown Development District What: Offers programs to encourage new businesses to move downtown, including Downtown Low Interest Loan Program, Historic Rehabilitation Tax Credit, Five-Year Property Tax Abatement on Improvement to Structures, Downtown Storefront Grant Program and Economic Development Zone. Phone: 225-389-5520 Web: downtownbatonrouge.org Louisiana Economic Development What: Provides financial guidance including: Small Business Loan Program, Business Linked Deposit Program, Microloan Program, Contact Loan Program and Ex-Im Bank City/State Program. It helps with venture capital through Venture Capital Match Program, Venture Capital Co-Investment Program, Minority Venture Capital Match Program, BIDCO Investment Program, Specialty BIDCO

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Investment Program and Seed Capital Investment Program. Phone: 225-342-3000 Web: opportunitylouisiana.com City-Parish of Baton Rouge, Office of Community Development What: Coordinates municipal programs designed to foster community and business development, including administration of the Restoration Tax Abatement Program, a state program allowing businesses that fix up old buildings to pay property taxes at the pre-approved rate for at least five years. Phone: 225-389-3039 Web: https://www.brla.gov/855/Office-ofCommunity-Development Rural Development State Office What: Finances programs that provide leadership in building competitive businesses and sustainable cooperatives, that help build healthy communities offering decent and affordable housing and essential services and that lead rural communities in improving the quality of life by administering their electric, telecommunication, water and waste programs. Phone: 318-473-7920 Web: rd.usda.gov/la Small Business Investment Companies What: Privately owned, managed, empowered and licensed by the SBA to provide institutional sources of venture capital for small businesses. Phone: 225-408-3000 Web: stonehengecapital.com U.S. Small Business Administration What: Provides financial assistance, including 7[a] Loan Guaranty Programs, SBA 504 Loan Programs, Community Express Pilot Loan Programs and 7[m] Microloan Programs. Phone: 504-589-6685 Web: sba.gov

9. CHOOSE KEY VENDORS

10. KNOW THE LAWS

Louisiana Bankers Association What: A financial institution will help you handle all of the transactional necessities of doing business. Phone: 225-387-3282 Web: lba.org

FEDERAL

Whatever its size, certain basic services and suppliers will be critical to your business, including legal services, banking and accounting, and insurance.

Louisiana Department of Insurance What: Can help you learn more about your insurance needs as a business, including liability and other standard coverages. Phone: 225-342-5900 Web: ldi.state.la.us Louisiana Society of CPAs What: Accounting advice and record-keeping are essential for doing business. Phone: 504-464-1040 Web: lcpa.org Louisiana State Bar Association What: An attorney will be able to help you comply with the law, check out a business opportunity, prepare legal documents and negotiate deals. Phone: 504-566-1600 Web: lsba.org Office of Workers’ Compensation What: Can help you learn more about your insurance needs as a business, including workers’ compensation insurance. Phone: 225-342-7555 Web: laworks.net

Starting and operating a business comes with a slew of strings attached. While we can’t print every law for you, here are a few categories along with resources to help you swim through the rest.

Foreign Trade Zone What: Information on tax exemption and duties for goods exchanged in the Foreign Trade Zone. Local example: Greater Baton Rouge Port Commission Phone: 225-342-1660 International Trade Division What: Information on trade laws and tax exemption for imported items. Phone: 225-342-5361 Web: trade.gov Occupational Safety and Health Administration What: Information on federal laws and regulations regarding working conditions and employee safety. Phone: 225-298-5458 Web: osha.gov U.S. Department of Labor What: Information on legal requirements and standards about minimum wage, employee compensation and employer recordkeeping. Phone: 504-589-6171 Web: dol.gov U.S. Equal Employment Opportunity Commission What: Information on federal and equal opportunity laws about hiring,

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firing, recruitment, promotion and retention of employees. Phone: 1-800-669-4000 Web: eeoc.gov U.S. Food and Drug Administration What: Information on federal regulations and the production, marketing, transporting, handling and sale of foods, drug products, medical devices, cosmetics, biologics and veterinary products. Phone: 888-463-6332 Web: fda.gov U.S. Patent and Trademark Office What: Information on applying for a registered patent, brand name or trademark. Phone: 800-786-9199 Web: uspto.gov U.S. Securities and Exchange Commission What: Information on capital formation and federal securities law. Phone: 202-942-8088 Web: sec.gov

LOCAL City-Parish Department of Public Works Inspections Division What: Plans for new or renovated buildings must be approved, and on-site inspections may be required. Phone: 225-389-3205 Web: brla.gov/458/Permits-Inspections

STATE Louisiana Department of Revenue What: Defines several types of taxes that must be either paid or collected by businesses. Phone: 225-219-7462 Web: revenue.louisiana.gov Office of the Louisiana Secretary of State What: Provides information about corporate and trademark registration or partnership agreement. Phone: 225-922-2880 Web: sos.louisiana.gov Office of Workers’ Compensation Administration What: An employer is liable for the related medical expenses and weekly benefit payments of any employee who is injured in his or her job. Phone: 225-342-7555 Web: laworks.net State Fire Marshal What: All plans for new or renovated buildings must be reviewed by the state fire marshal. Phone: 225-925-4911 Web: sfm.dps.louisiana.gov

#WeGotYou Celebrating

www.AGBR.com

70 Years of Service

“Dedicated to the Support and Success of the Independent Retail Grocer.” Daily-Report.com | BUSINESS REPORT, November 2020

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2020 SMALL BUSINESS GUIDE

SPECIAL PROGRAMS FOR SMALL BUSINESSES

FROM ENTREPRENEURIAL STARTUPS to small business growth and expansion, Louisiana offers a comprehensive array of educational, managerial and financial programs that cultivate small business opportunities.

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BONDING ASSISTANCE PROGRAM Provides access to quality bid, payment and performance bonds at reasonable rates from surety companies when bonding capacity is needed on public or private jobs.

INCENTIVES

ARE YOU THINKING about expanding, relocating or staring a business? Louisiana’s tax credits and incentive programs give companies a competitive edge. Here’s a summary of the incentives available through Louisiana Economic Development. You can find more details online at opportunitylouisiana.com/business-incentives. LED FASTSTART Ranked the nation’s No. 1 workforce training program by Business Facilities magazine for the past decade, FastStart creates customized employee recruiting, screening and training solutions—at no cost to eligible companies.

INDUSTRIAL TAX EXEMPTION Property tax abatement for up to 10 years on a manufacturer’s new investment and annual capitalized additions. LIVE PERFORMANCE PRODUCTION PROGRAM Up to 25% tax credit for musical and theatrical productions, refundable or transferable on a one-time basis.

ANGEL INVESTOR TAX CREDIT Up to a 25% tax credit for individual investors who invest in early-stage, wealth-creating businesses that seek startup and expansion capital. DIGITAL INTERACTIVE MEDIA AND SOFTWARE PROGRAM A 25% tax credit for in-state labor, and an 18% credit for eligible production expenditures. ISTOCK

ENTERPRISE ZONE Either a $3,500 or $1,000 tax credit for each certified net, new job created and either a state sales/use tax rebate on capital expenses or 1.5% investment tax credit for qualifying expenses.

MOTION PICTURE PRODUCTION PROGRAM Up to a 40% tax credit on eligible in-state production expenditures, including resident and non-resident labor.

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MUSIC JOB CREATION PROGRAM A 10% or 15% credit on annual wages to qualified music industry-related companies (QMC) that create a minimum of three well-paid net new jobs for Louisiana residents.

ENTERTAINMENT JOB CREATION PROGRAM A 15% or 20% tax credit on annual wages to qualified entertainment companies (QEC) that create a minimum of five well-paid net new jobs for Louisiana residents. FEDERAL OPPORTUNITY ZONES Provides a federal tax incentive for investors to reinvest their capital gains into Opportunity Funds.

QUALITY JOBS Up to a 6% rebate on annual payroll expenses for up to 10 years and either a state sales/use tax rebate on capital expenses or a 1.5% project facility expense rebate for qualifying expenses. RESEARCH AND DEVELOPMENT TAX CREDIT A tax credit up to 30% to existing businesses with operating facilities in Louisiana to establish or continue research and development within the state. RESTORATION TAX ABATEMENT A 100% property tax abatement for up to 10 years for the rehabilitation of an existing structure. SOUND RECORDING PROGRAM A production credit of 18% for eligible production expenditures.

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CEO ROUNDTABLES Peer groups that give executives the opportunity to discuss business practices and management strategies with other executives who deal with similar growth challenges. ECONOMIC GARDENING INITIATIVE Provides customized core business strategies, market research, qualified sales leads and improved internet and technology tailored to your growing needs. HUDSON INITIATIVE Certification program offers greater access to purchasing and contracting opportunities at the state government level. LOUISIANA CONTRACTORS ACCREDITATION INSTITUTE-BUSINESS AND LAW Provides small and emerging construction businesses critical information about construction management and operating a construction-related business. LOUISIANA CONTRACTORS ACCREDITATION INSTITUTE-GENERAL CONTRACTORS Provides foundational technical knowledge that is essential to a general contractor in order to sustain and grow a business within the construction industry. LOUISIANA VETERAN ENTREPRENEURSHIP PROGRAM Provides training to give veterans the tools needed to develop their business ideas, including business planning, marketing, financing, capital formation and other aspects of business development. MENTOR-PROTÉGÉ RECOGNITION PROGRAM Connects Louisiana-based small and emerging businesses to technical and developmental assistance provided by mentor companies. SMALL AND EMERGING BUSINESS DEVELOPMENT PROGRAM Provides for developmental assistance, including entrepreneurial training, marketing, computer skills, accounting, legal and industry-specific assistance. SMALL BUSINESS LOAN AND GUARANTY PROGRAM Provides loan guarantees ranging from $5,000 to $1.5 million to banks and other small business lenders in association with the SSBCI. STEP GRANT Provides financial awards to state and territory governments to assist small businesses with export development. VETERAN INITIATIVE Helps veteran-owned and service-connected disabled veteran-owned small businesses gain greater access to purchasing and contracting opportunities at the state level.

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the LBTC and is located on the LSU campus adjacent to the Department of Food Sciences. WEBSITE: lsuagcenter.com/ foodincubator PHONE: (225) 578-4161

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LSU Student Incubator This small business incubator for LSU undergraduate and graduate students is located in Innovation Park. The shared workspace encourages like-minded students to develop ideas into profitable businesses with the assistance of the LBTC staff and community mentors. WEBSITE: lsu.edu/innovationpark/ student-services PHONE: (225) 578-7555

An entrepreneurial ecosystem WITH A WEALTH of resources at their fingertips, Capital Region entrepreneurs and innovators can easily find the help they need to prosper in the regional market. Here’s a closer look at some of the many resources local startups can utilize to take their ventures to the next level.

RESOURCES:

NexusLA Launched in April 2016 as an arm of Louisiana’s Research Park Corp., the goal of NexusLA is to implement regional initiatives that convene, connect and strengthen the innovation ecosystem in the Baton Rouge area and connect entrepreneurial resources across the state. The ultimate goal: Improve Louisiana’s ability to compete for jobs, talent and public/private funding, ultimately helping the state to emerge as a model and resource for accelerating the success of innovation ecosystems. WEBSITE: nexus-la.org PHONE: (225) 218-0001  Baton Rouge Area SCORE This nonprofit association provides free and confidential business counseling tailored to meet the needs of small businesses and their personal objectives. SCORE also offers periodic seminars and workshops for both startup entrepreneurs and small businesses already in operation. WEBSITE:

batonrougearea.score.org PHONE: (225) 215-0080 LSU Innovation Park Located 4 miles south of the LSU main campus, the research park operates numerous business incubators and resources to assist in its goal of creating

economic growth. It also offers international trade assistance for companies that wish to export, including training and translation as well as marketing and logistics expertise. WEBSITE:

lsu.edu/innovationpark

PHONE: (225) 578-7555

Louisiana Small Business Development Center at LSU Established in November 2018, the LSBDC at LSU offers high-quality technical assistance to existing and startup small businesses as well as small business entrepreneurs in Louisiana at no cost to the client. The LSBDC services include no-cost business consulting and affordable training seminars designed to help businesses attract customers, improve operations, increase sales and successfully access capital. The LSBDC at LSU office is located in Suite 2200 of the LSU Business Education Complex, 501 South Quad Drive. WEBSITE: lsbdc.org/lsu/ PHONE: (225) 578-2174  Louisiana Small Business Development Center at Southern University Since 1996, the LSBDC at Southern University has been providing individual consulting services, training programs and seminars, and information assistance to potential and existing

small businesses in the Greater Baton Rouge area. WEBSITE: lsbdc.org/subr PHONE: (225) 771-2891

ANGEL NETWORKS/ VENTURE CAPITAL:

Innovation Catalyst Innovation Catalyst, formerly Step One Ventures, is a Baton Rouge-based nonprofit venture development organization formed by community leaders to strengthen and broaden Louisiana’s entrepreneurial ecosystem and drive new hightech company formation through education, connections and capital. By collaborating with existing resources in the state, Innovation Catalyst is able to identify, engage and educate Louisiana entrepreneurs by connecting them to the right sources to accelerate their business. WEBSITE:

innovationcatalyst.us/

PHONE: (844) 225-4332

INCUBATORS:

Louisiana Business and Technology Center This 65,000-square-foot incubator houses more than 30 technology startups in the LSU Innovation Park and provides comprehensive consulting services. The Center also offers a prototyping facility, ProtoStripes, to create rapid prototypes and computer renderings to

expedite commercialization of their products. WEBSITE:

lsu.edu/innovationpark

PHONE: (225) 578-7555

Louisiana Technology Park The business incubator located in Bon Carré on Florida Boulevard provides high-tech startup companies with the resources to bring their products and services to market faster. Louisiana Technology Park also has a separate digital media incubator, Level Up Lab. WEBSITE: latechpark.com PHONE: (225) 218-1100 Louisiana Emerging Technology Center Falling under the umbrella of the LSU Research and Technology Foundation, this incubator focuses on the biotechnology, life sciences, agricultural and environmental industries. Designed specifically as an incubator for companies with wet-lab needs, it serves small and startup businesses developing and commercializing university technologies. WEBSITE: laetc.com PHONE: (225) 615-8901 LSU AgCenter Food Incubator This business incubator specializes in the development of emerging food ventures and providing technical services to existing and emerging companies. It is under the umbrella of

Pennington BioTech Initiative This incubator is specifically designed for companies that are creating medical devices, medical software and medical technologies. The initiative is a partnership among LSU, the LBTC and Pennington Biomedical Research Center, which contracts out the use of its labs for a fee to companies in the incubator. PHONE: (225) 578-7555 Southeast Louisiana Business Center This business incubator and resource center for startups in Washington, St. Tammany, Tangipahoa, Livingston and St. Helena parishes is located on the campus of Southeastern Louisiana University in Hammond. WEBSITE:

southeastern.edu/admin/ slbc/services/index.html PHONE: (985) 549-3199 Level Up Lab Level Up Lab is a project of Louisiana Technology Park that aims to create and bring new digital media companies to Louisiana, building on Louisiana’s focus on the digital media and high-tech sectors. Its services include a motion capture studio, sound recording studio, game design hardware and software, Sony and Nintendo development kits, marketing and accounting, and industry-specific consultation. WEBSITE:

latechpark.com/level-up-lab

PHONE: (225) 218-1100

Dixie Business Center Founded in 1992 by DEMCO, this Denham Springs incubator helps fledgling businesses compete by providing shared services as well as 33,000 square feet of office space and warehousing. WEBSITE:

dixiebusinesscenter.org

PHONE: (225) 665-0809

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LISTMAKERS

Louisiana SBA lenders

UPCOMING LISTS:

Ranked by SBA loan volume in the Capital Region NAME ADDRESS PREV. RANK PHONE | WEBSITE

LOAN VALUE

LOANS MADE IN REGION

DECEMBER Commercial contractors

JANUARY CPA firms LOCAL/ TOTAL LOCATIONS

TOP LOCAL LOANS

YEAR FOUNDED

1

1

IberiaBank 3700 Essen Lane, Baton Rouge, LA 70809 225-923-4430 | iberiabank.com

2

NR

Gulf Coast Bank & Trust Co. 7235 Jefferson Highway, Baton Rouge, LA 70806 225-932-7272 | gulfbank.com

$1.21 million

2

Auger Foundation Specialties LLC - $1.21 million

2 22

1990

3

7

Newtek Small Business Finance Inc.(1) 1981 Marcus Ave., Lake Success, NY 11042 newtekone.com

$1.17 million

1

Baton Rouge Cargo Service Inc. - $1.17 million

0 4

NA

4

10

JPMorgan Chase Bank 451 Florida St., Baton Rouge, LA 70801 225-332-4022 | chase.com

$1.11 million

6

Genesis 360 LLC - $350,000 Southern Spice Shop LLC - $328,400 Southdowns Functional Fitness - $220,700

27 4,979

2004

5

2

Regions Bank 400 Convention St., Suite 100, Baton Rouge, LA 70802 800-734-4667 | regions.com

$991,500

3

112 Lasalle LLC - $892,000 MJ's Cafe LLC - $99,500

24 1,476

1997

6

12

B1Bank 500 Laurel St., Baton Rouge, LA 70801-1811 225-248-7600 | 877-614-7600 | b1bank.com

$780,000

3

GLO Resources LLC - $350,000 Part II Inc. - $350,000 Landry Family Indy Insurance - $80,000

8 49

2006

7

NR

Red River Bank 5063 Essen Lane, Baton Rouge, LA 70809 225-215-4400 | redriverbank.net

$620,000

3

PK Meek LLC - $520,000 Waits Enterprises Inc. - $100,000

6 25

2013

8

3

BancorpSouth Inc. 6100 Corporate Blvd., Baton Rouge, LA 70808 225-768-1100 | 888-797-7711 | bancorpsouth.com

$618,100

1

JBWM Enterprises LLC - $618,100

5 289

2004

$1.60 million

4

Lobdell House LLC - $470,000 Lebas Properties LLC - $465,000 RMHJW Investments LLC - $350,000

6 192

2004

DBA-doing business as FYE-fiscal year ending NA-not applicable NR-not ranked SBA-Small Business Administration To be featured in the Business Report's Listmakers, SBA lenders must have at least one office in Louisiana, and had at least one SBA 7A loan approved for a Capital Region company between July 1, 2019, through June 30, 2020. Loan information came from the U.S. Small Business Administration, with additional information from the Federal Deposit Insurance Corp., the individual lenders and other Business Report research. The Business Report presumes the information is accurate. Information about all 32 lenders that made Capital • Please respond by e-mail or fax with your approval or minor revisions. • Please respond by e-mail or fax with your approval or minor revisions. Region SBA loans last year will be available to subscribers on our website. Email research@businessreport.com for more information. Published November, 2020. • AD WILL RUN AS IS unless approval or final revisions • AD WILL RUNLouisiana AS IS unless final revisions as Wilshire BIDCO LLCapproval and relatedorentities (1) Facilitates loans through banks and subsidiaries, acting as an "SBA back office" for more than 400 lending institutions around the country; domiciled in Louisiana

Issue Date: November 2020 Ad proof #1

Issue Date: Nov 2020 Ad proof #3

are received by the close of business today. • Additional revisions must be requested and may be subject to production fees.

are received by the close of business today. • Additional revisions must be requested and may be subject to production fees.

Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS

Carefully check this ad for: CORRECT ADDRESS • CORRECT PHONE NUMBER • ANY TYPOS

This ad design © Louisiana Business, Inc. 2020. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

Researched by Alaine Keisling

This ad design © Louisiana Business, Inc. 2019. All rights reserved. Phone 225-928-1700 • Fax 225-926-1329

Proud to Serve Baton Rouge With a longstanding commitment to the Baton Rouge community, Hank Saurage and Edward Rotenberg are dedicated to providing exceptional commercial real estate brokerage and investment services. As a 40 Under 40 honoree in 1994, Hank was an advocate for giving back to the community he serves. Our team is proud to carry on this tradition. Thank you for your continued leadership, Hank and Edward!

Combined strength. Undeniable expertise.

5 5135 Bluebonnet Boulevard Baton Rouge, LA 70809   225.766.0000 SaurageRotenberg.com

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Louisiana SBA lenders Ranked by SBA loan volume in the Capital Region NAME ADDRESS PREV. RANK PHONE | WEBSITE

LOAN VALUE

LOANS MADE IN REGION

TOP LOCAL LOANS

LOCAL/ TOTAL LOCATIONS

YEAR FOUNDED

9

9

Hancock Whitney Bank 445 North Blvd., Baton Rouge, LA 70802 225-381-0424 | hancockwhitney.com

10

13

Readycap Lending LLC(1) 420 Mountain Ave., New Providence, NJ 07974 800-453-3548 | readycapital.com

$590,000

1

2BRV LLC - $590,000

0 3

NA

11

11

Essential Federal Credit Union 2370 Towne Center Boulevard, Baton Rouge, LA 70806 225-353-8238 | 888-369-2207 | essentialfcu.org

$435,500

8

Big Bot LLC - $135,000 Fortune 45 Properties LLC - $64,000 Ali's World Inc. - $55,000

7 7

1972

12

6

Capital One Bank 6920 Bluebonnet Blvd., Baton Rouge, LA 70810 225-381-7550 | capitalone.com

$350,000

1

A&G Childhood Development Center - $350,000

18 451

1987

13

8

Fidelity Bank 5643 Corporate Blvd., Baton Rouge, LA 70808 225-201-0864 | bankwithfidelity.com

$312,000

3

Service Restoration Pros LLC - $297,000 Brittany Weaver Insurance Agency - $15,000

1 16

2005

14

NR

Bank of St. Francisville 5700 Commerce St., St. Francisville, LA 70775 225-635-6397 | bsf.net

$255,300

1

KLM Fitness LLC - $255,300

1 1

1978

15

15

TruFund Financial Services 8550 United Plaza Blvd., Suite 702, Baton Rouge, LA 70809 225-284-1355 | trufund.org

$250,000

1

Wrookies LLC - $250,000

1 3

2005

16

16

LiftFund Inc. 4323 Division St., Suite 103, Metairie, LA 70002 504-458-6601 | 888-215-2373 | louisiana.liftfund.com

$62,800

1

Rickochet Amusements LLC - $62,800

0 21

NA

$591,000

3

Apple Tree Daycare LLC - $296,600 Delta Cryo LLC - $294,400

29 220

2014

DBA-doing business as FYE-fiscal year ending NA-not applicable NR-not ranked SBA-Small Business Administration To be featured in the Business Report's Listmakers, SBA lenders must have at least one office in Louisiana, and had at least one SBA 7A loan approved for a Capital Region company between July 1, 2019, through June 30, 2020. Loan information came from the U.S. Small Business Administration, with additional information from the Federal Deposit Insurance Corp., the individual lenders and other Business Report research. The Business Report presumes the information is accurate. Information about all 32 lenders that made Capital Region SBA loans last year will be available to subscribers on our website. Email research@businessreport.com for more information. Published November, 2020. (1) Wholly owned subsidiary of Sutherland Asset Management Corp. and sister company of residential mortgage firm GMFS, which is based in Baton Rouge

Researched by Alaine Keisling

H E R E F O R G O O D . #1 SBA Lender in Louisiana.* At Fidelity Bank, we pride ourselves on simplifying the SBA loan process for you. Our skilled staff will provide you with creative borrowing solutions, personalized service, quick loan decisions and fast turnaround times.

25 Year Loan terms now available for Commercial Real Estate Financing. Whether you are refinancing, renovating, buying or building, Fidelity Bank’s 25 year loans are available for owner-occupied commercial properties at very competitive rates for businesses with qualifying credit. • Rates as low as 4.25%

• Up to 90% Loan-to-value or Loan-to-cost financing

For more information, visit www.BankWithFidelity.com or contact Donald Peltier, Vice President, SBA Lending at Donald.Peltier@BankWithFidelity.com or 985-612-2755.

BankWithFidelity.com 1-800-220-2497 * Information based on number of approved loans and accurate as of June 1, 2020.

Daily-Report.com | BUSINESS REPORT, November 2020

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LISTMAKERS

Accounting firms

1

1

Postlethwaite & Netterville APAC 8550 United Plaza Blvd., Suite 1001, Baton Rouge 70809 225-922-4600 | pncpa.com

Dan Gardiner CEO and managing director

124 83

288 412

2

2

Hannis T. Bourgeois LLP 2322 Tremont Drive, Baton Rouge 70809 225-928-4770 | htbcpa.com

Jay A. Montalbano Managing partner

50 50

129 DNR

3

3

Faulk & Winkler LLC 6811 Jefferson Highway, Baton Rouge 70806 225-927-6811 | fw-cpa.com

Tommy LeJeune Managing partner

23 23

DNR DNR

n

4

4

TWRU CPAs & Financial Advisors 527 E. Airport Ave., Baton Rouge 70806 225-926-1050 | twru.com

Sara M. Downing Managing partner

22 12

28 28

5

5

Lee Anne Sciambra Office managing partner

21 21

Wendi Berthelot, Micah Stewart Directors

NR

7

6

8

10

9

8

10

11

11

KPMG LLP 301 Main St., Suite 2150, Baton Rouge 70801 225-344-4000 | kpmg.com LaPorte APAC dba LaPorte CPAs & Business Advisors 8555 United Plaza Blvd., Suite 400, Baton Rouge 70809 225-296-5150 | www.laporte.com Daigrepont & Brian APAC 910 S. Acadian Thruway, Baton Rouge 70806 225-231-8617 | dnbcpas.com

Valuations

Local/total locations Headquarters Year founded

n n n n

4/8 Baton Rouge 1949

n n n n n n n n n

2/3 Baton Rouge 1924

n n n n

Major areas of focus

Accounting and auditing, tax, business consulting, technology, disaster recovery, grants administration Tax, audit, assurance, litigation, IT consulting, accounting resources

1/1 Baton Rouge 1984

DNR

n n n n n n n n n n

2/2 Baton Rouge 1948

Accounting, audit, tax, financial planning, business consulting and valuations

DNR DNR

n

DNR/DNR Montvale, N.J. 1970

DNR

21 12

26 193

n n n n

Robert Daigrepont President

20 12

25 25

n n n n n n n n n

1/1 Baton Rouge 1987

Audit, tax preparation, bookkeeping, outsourced accounting

n

n

n n

n

n n n n

1/5 Metairie 1946

Audit, tax, and advisory services

Hawthorn Waymouth & Carroll LLP 8545 United Plaza Blvd., Suite 200, Baton Rouge 70809 225-923-3000 | hwc-cpa.com Apple Guerin Co. LLC 6421 Perkins Road, Bldg. A, Suite 1-B, Baton Rouge 70808 225-767-1020 | appleguerin.com Provost Salter Harper & Alford LLC 8550 United Plaza Blvd., Suite 600, Baton Rouge 70809 225-924-1772 | psha.com

Louis C. McKnight Managing partner

15 9

20 20

n

n n n

1/1 Baton Rouge 1954

DNR

Jayne Apple, Todd Guerin, Jude Guerin, Robert Apple Partners

11 11

15 15

n n n n n n n n n

1/1 Baton Rouge 1987

Attest services, consulting, tax planning/prep, bookkeeping

Kenneth H. Alford Partner

10 9

19 19

n n n n n n n n n

1/1 Baton Rouge 1940

DNR

9

HORNE LLP 10000 Perkins Rowe, Bldg. G600, Baton Rouge 70810 225-755-9798 | hornellp.com

Joey Havens Executive partner

9 7

27 805

n n n n n n n n n n

12

12

Chesteen & Associates LLC 2181 Quail Run Drive, Baton Rouge 70808 225-761-4400 | chesteencpa.com

Chip Chesteen Member

8 4

12 12

13

13

L.A. Champagne & Co. LLP 4911 Bennington Ave., Baton Rouge 70808 225-925-1120 | laccpa.com

Robert Stamey Managing partner

6 6

DNR DNR

14

Planche-Politz-Ledet LLC 18212 E. Petroleum Drive, Suite 1-B, Baton Rouge 70809 225-291-4141 | pplcpa.com

Randy Ledet Managing member

6 2

5 6

n n n

16

Frazer & Persac LLC 7520 Perkins Road, Suite 280, Baton Rouge 70808 225-769-4123 | fpcpa.com

Peggy M. Persac, Shawn Frazer Owners

5 4

7 7

n

NR

Tax Geeks 17424 Airline Highway, Suite 12, Prairieville 70769 70769 | taxgeeks.com

Srinivas Thouta DNR

5 1

19 DNR

NR

The Levy Co. APC 412 N. Fourth St., Suite 200, Baton Rouge 70802 225-343-5123 | thelevyco.com

Gus Levy President

5 4

7 7

17

Baxley & Associates LLC 58225 Belleview Drive, Plaquemine 70764 225-687-6630

Margaret Pritchard Managing partner

4 4

DNR DNR

n

18

Johnston & Hayden LLC 13360 Coursey Blvd., Baton Rouge 70816 225-755-0300 | johnstonandhayden.com

R. Hayden DNR

4 4

DNR DNR

n

19

Kidder and Schultz CPAs LLC 720 France St., Baton Rouge 70802 225-341-4136 | kidderschultz.com

Lee Kidder, Heather Schultz Partners

4 2

8 8

n

15

18

n n

1/14 Ridgeland, Miss. 2008

Construction, financial institutions, franchise, government, health care, public and middle market

1/1 Baton Rouge 1988

Tax planning and structure, accounting services

1/1 Baton Rouge 1920

DNR

n n n n

1/3 Baton Rouge 1994

Owner-operated businesses

n n n n n n

1/1 Baton Rouge 1980

QuickBooks, tax and small business services

n n n

n n

n n n

n n n

n n

n n n n n n n n

n n n

DNR

1/1 Baton Rouge 1995

Helping small businesses achieve their goals, manage their finances, and minimize their taxes

n

1/1 Plaquemine 1961

DNR

n

1/1 Baton Rouge 1984

DNR

n n n n

1/1 Baton Rouge 2007

Small business/nonprofit accounting and income taxes

n

n

1/1 DNR 2008

n n n n

DBA-doing business as DNR-did not respond NR-not ranked To be featured in Business Report's Listmakers, accounting firms have to have at least one office in the nine-parish Capital Region. The Business Report presumes the provided information is accurate. Information about all 25 firms that responded will be available to subscribers on our website. To be considered for next year's list, please contact Alaine Keisling at research@businessreport.com. Published November 2020.

92

Tax planning/prep

Small business

QuickBooks

Payroll

Financial planning

Consulting

LOCAL/ TOTAL EMPS.

Compliance

TOP LOCAL EXECUTIVE

LOCAL ACCTS. CPAS

Bookkeeping

COMPANY ADDRESS PREV. RANK PHONE | WEBSITE

Audits

Ranked by local accountants

Researched by Alaine Keisling

BUSINESS REPORT, November 2020 | BusinessReport.com

LaPorte-Ele 90-93 List.indd 92

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Proud to Celebrate 75 Years in 2021

Confidence comes with knowing who you can trust. LaPorte’s commitment goes deep.

Proving ourselves to our clients is a commitment we make every day – and have for over 70 years. We stand (and sometimes sit) by our clients over the long haul: as they face difficult challenges and new opportunities. With LaPorte, you gain industry knowledge, technical resources, and broad perspectives and understanding. LaPorte has been repeatedly recognized as a Top 200 Firm by Inside Public Accounting and named to the “Beyond the Top 100: Firms to Watch” list by Accounting Today. As your trusted advisor, we instill the deep confidence you need to make big and bold decisions – over the lifetime of your business needs. CALL US AT:

225.296.5150 (Baton Rouge)

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© 2020, LaPorte, APAC

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Profile for Baton Rouge Business Report

Business Report: Small Business Guide 2020  

Business Report: Small Business Guide 2020