Qualifying companies can benefit from advice and support on legal, financial, and accounting matters
With the help of a federal grant new types of assistance are available free of charge for certain Wisconsin-based small businesses. The services offered include:
- Legal services: Assistance with forming a business and developing corporate governance; support with licenses, registrations, and certifications; contract preparation and negotiation guidance; and legal support for funding, including term sheets, purchase agreements, and employee stock ownership plan development
- Financial advisory services: Establishing relationships with banks and other financial institutions; guidance for applying to government business programs, including creating financial analyses; identifying funding opportunities like grants, credit, or venture capital; and developing financial presentations, models, and business plans.
- Accounting services: Preparing audits, financial statements, and other business records; digitizing financial records for better management; and training on accounting practices, tools, and software.
Eligibility for this program is limited to entrepreneurs from underserved communities (particularly socially and economically disadvantaged individuals) and to very small businesses (those with fewer than 10 employees). To be eligible, a business or entrepreneur must be actively seeking capital.
These offerings are made possible by a grant from the U.S. Department of the Treasury’s State Small Business Credit Initiative (SSBCI).
To learn more or apply, visit the UW Office of Business & Entrepreneurship SSBCI Technical Assistance Center webpage.
Small businesses that do not qualify for this program can contact a WEDC regional economic development director from their area to discuss what other resources might be available to them.
