Small Business Solutions

Get Legal Advice & Money For Your Business

Four Important Questions to ask About Starting a Business

When do I choose a LLC, C-corp, S-Corp or partnership and can you help me register my business? Yes, schedule an appointment now.

Do you need a Business Plan and Website?  Yes, they are complementary and must be instituted together.  Schedule an appointment.

Do you need a Business Lawyer with a background in law, accounting, IT, economics and taxes? Yes, schedule an appointment now.

Should you join a chamber? Yes, join our chamber partners NACC, HAICC & AAICC, visit the Chamber site at

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Small Business Solutions

Get Legal Advice & Money For Your Business

At the Law Firm of Figeroux & Associates, our attorneys understand that most business owners want to work with a law firm with exceptional knowledge in business law and related matters. The attorneys at Figeroux & Associates take a hands-on approach to the practice of law, personally meeting with clients, and working hard to protect their interests and build their future. We are proud to offer the knowledge and legal experience you need along with personalized client services.

We provide a wide range of legal services to individuals and businesses in New York City and the surrounding areas, including:

•Unfair business practices
•Partnership disputes
•Business dissolution
•Business torts
•Business purchase and sale
•Business litigation
•Trade secrets
•Breach of contract
•Collection actions
•Corporate formation

Getting Money for Your Business, Sources:

Friends and family. If you’ll go this route, be clear about the terms and put everything in writing, so no bad blood arises.

Banks and credit unions. Banks are not always easy to crack when it comes to small business lending. It goes without saying that you’ll need a firm business plan and a squeaky-clean credit record to get approved. Your first stop should be a bank that’s familiar with you or your industry, or one that’s known for having a soft spot for small-business lending.

It’s a good idea to seek out one that offers Small Business Administration guaranteed loans. check the “Local Resources” page on the agency’s website ( SBA-guaranteed bank loans tend to demand a lower down payment, and monthly payments may be more manageable. That said, a lender will probably want you to show that you have some skin in the game, too. That means you must be able to show that you have capital or equity that you’re prepared to invest into the business.

Angel investors and venture capital firms. Getting financing from them can be a high-wire dance. But if you can do a little soft-shoe and have a great idea and terrific business plan, these types of investors will back you in exchange for equity or partial ownership. If this route interests you, check out the SBA’s Small Business Investment Company Program.

Economic development programs. There are a range of development loan programs out there, but finding one you can tap might take a little sleuthing and you may need special certification to qualify. For example, if you’re a woman, you might consider getting your firm certified as a woman-owned business. If you’re the principal owner and from a minority group or are located in an economically disadvantaged region, you might qualify for a special loan as well.  The SBA’s economic development department resources can help you decide if this might be an avenue for you. If you’re a veteran, the Department of Veterans Affairs can provide you with information on how to get certified.

Grants. Go to for information on more than 1,000 federal grant programs. Female entrepreneurs may want to connect with one of the SBA’s Women’s Business Centers around the country. These centers provide state, local and private grant information to women interested in going into business for themselves with a nonprofit or for-profit organization.

Crowdfunding and crowdlending sites. These virtual fund-raising campaigns generally raise small sums, but you never know, the money can add up.

Rollovers as Business Startups (ROBS). Here, you use your 401(k), Individual Retirement Account or other retirement funds to finance a business without incurring taxes or Internal Revenue Service penalties. The account gets rolled over into a new retirement fund that, effectively, becomes a shareholder in your business.

Home equity loans. If you have substantial equity built up in your house and a credit score well above 700, this route may be a pretty good option. The funds are usually taken as a lump sum that you can pay off over time. And interest is not sky high, roughly 4% right now.

Credit cards. Using plastic is certainly easy, but it’s a risky choice. Most cards have double-digit interest rates on balances that roll over month to month. That’s a pretty high bar to saddle a new company with in its early days.

Four Important Seminars to Attend for Starting a Business

Introduction to Business Law & Small Business Solutions

Sat. Sep. 12 – Oct. 10, 2020
(1:00pm – 3:00pm)

Starting an Online Business Boot Camp

Sat. Sep. 12 – Oct. 10, 2020
(3:15pm – 5:15pm)

Introduction to Bankruptcy Law & Taxation

Tue. Oct. 20 – Nov. 17, 2020
(6:00pm – 8:00pm)

Introduction to International Trade & Global Business

Mon. Nov. 23 – Dec. 21, 2020
(6:00pm – 8:00pm)


FREE Consult on: Legal, Tax, Accounting, Business Plans & Loans

Partner & Chamber Member

You have questions...

1. Do I qualify for home business tax deductions?

2. Can I do my business taxes myself or do I need an accountant?

3. How do I avoid an audit?

4. What is the best legal structure for my business (sole proprietorship, corporation, LLC)?

5. How do I create a business plan and find sources of funding, for example, banks, venture capitalists?

6. If I’m in business with others, do I need a partnership or shareholder’s agreement?

7. What accounting software should I select for my business (Checkbooks, Quickbooks, etc)?

8. Should I handle my bookkeeping, payroll and accounting in-house or should I outsource it? How do I decide?

9. Who should control the business’ checkbook, and why?

10. What are my Sales Tax responsibilities?

11. Can you assist with a Business Loan?

We have answers...

Have access to your very own:

1. Legal Department: New Business Setups, Retirement/Education Funding and more

2. Tax Preparation & Audits Department: Tax Preparation, Tax Planning, Answering Correspondences with all Tax Authorities, Assistance with Tax Audits, Budget & Cash Flow Projections, Financial Planning and more!

3. Accounting & Bookkeeping Department

4. Loans Department: Funding Your Business – Free Consultations!

5. Collections Department: Letters, Lawsuits and more!

To get money for your business, determine your financial needs, understand your credit score and bring your business bank statements for six months. 

Mr Figeroux is the host of Ask the Lawyer Radio Show and Podcast, presenting and taking questions telephonically and in-person on various legal, business and investment issues such as: Small Business SolutionsInternational Trade and Global BusinessImmigrationCivil Rights, Labor Issues, Workers Compensation, New York Politics and Wills, Trust & Estate Planning. Ask the Lawyer is a top-rated radio show and podcast by the publication Workers’ World Today, focusing on wealth development in the working middle class communities. He is the author and editor of numerous articles on asset protection, progressive tax advocacy and articles, focusing on advancing the knowledge of the working middle class, a group facing extinction. 

He has taught thousands of students in New York on the most effective strategies of wealth development, labor rights and safety, tax planning, and other legal issues. He has also served as an adjunct professor of Business Law and the History of Economic Wealth in minority communities; and has spoken extensively on radio, at Chamber events and before numerous faith-based and community organizations.  Mr. Figeroux is the Managing Partner at the Law Firm Figeroux & Associates and an Accountant. He has a MA in Economics, Focus on Finance and worked in the Kings County District Attorney’s Office, Major Frauds and Organized Crime Units.  He has also gained successful indictments in the Abner Louima and Bert Dewgard cases involving the NYPD and DEA, respectively.

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