B.A.F.E Group. LLC. - News

Project Financing on the Blockchain

Fri, 12 Feb 2021 17:28:00 +0000

B.A.F.E Group, LLC., continues to foster economic growth, economic empowerment and generational wealth through the development of blockchain technology. Through its partnerships, the company has created its own STO platform (www.bahgsfund.com) that helps startups and enterprises digitize any project's assets and run their security token offering campaign.

Our first project offers fractional ownership of 1,080 Affordable Shipping Container Homes located in Qualified Opportunity Zones across the USA. The offering round for this project is priced at $1.10 per “BAHGS” token. The security token issued by BAHGS Fund represents a share in the Shipping Container Home project. Investors who invest with capital gains funds will receive a capital gains discount up to 100%.

Through BAHGS Fund’s platform, both companies and investors can access new innovative investment methods and trade securities around the world as it also acts as a digital investment marketplace with a P2P network and has a built-in exchange. Every investor will be granted equity in the project and a share in future profits of the project.

Our STO blockchain platform utilizes the Polymath purpose built blockchain and the ERC-1400 token to digitize assets. All your regulation compliances are built into the token.

First, it allows project owners to automate all processes, including investors’ KYC/AML/CFT. With just a few clicks, you can easily complete all procedures, from issuing tokens to attracting investors and managing assets.

The solution includes a choice of wallets to easily manage and store your assets. Another important feature is the direct communication channels between the company and the investor pool.

B.A.F.E Group’s developers and designers have always attached great importance to the usability of their applications and the ww.bahgsfund.com STO platform is no exception. Overall, BAHGS Fund offers an intuitive UX/UI design.

Here are a few more benefits that startups and other businesses can reap from using the BAHGS Fund STO platform. As noted by the solution developers, the platform guarantees high security as strong encryption and blockchain technology itself to protect all data and transaction details.

Users don’t have to worry about compliance with jurisdictional regulations because they are programmed into and enforced by smart contracts. In addition, smart contracts are a tool to easily integrate additional features such as dividends, buybacks and transfer of rights. Fractional ownership is possible with tokens. Investors can obtain fractional ownership of any asset listed on our STO platform.

BAHGS Fund has also mentioned that their STO platform allows its users to customize their STO campaign parameters, tokens and adjust the solution to their specific business needs.

When it comes to industries, the BAHGS Fund team assures their solution is suitable for any type of business from healthcare, retail and real estate to art, luxury, precious stones and metals.

For more information visit www.bahgsfund.com or check us out on your favorite social media channels.

About B.A.F.E Group, LLC

Founded in Aug 2018, B.A.F.F Group, LLC is a developer of affordable, green, sustainable shipping container homes that leverages tokenization technology to fractionalize ownership of affordable residential real estate, making investments more affordable. Through the platform they have created a source of financing for worthy startups and enterprises. Sponsors and private investors now have early liquidity options through the issuance and tradability of asset-backed digital securities.

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Tue, 07 Jul 2020 17:13:00 +0000

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Building a business as a Latino entrepreneur

Fri, 26 Jun 2020 20:44:00 +0000

Latino business revenue has taken a hit in recent months because of COVID-19. Just two weeks into the pandemic in March 2020, 86 percent of Latino-owned businesses surveyed by the Stanford Latino Entrepreneurship Initiative said they lost revenue and clients, along with project delays and layoffs.

This guide shares personal experiences from Latino entrepreneurs and explains how to get started if you’re interested in starting your own business. Read the entire article

Economic Empowerment - Starting a business and Establishing business credit from A to Z

Sun, 24 Feb 2019 17:43:00 +0000

Here I will give you step by step instructions at no cost to you. I do this because access to information is the primary key to success. At the end of each step I will list the cost to complete each step so you can be financially prepared. Remember, no amount of money is worth your integrity. Always do good business and pay your debts in a timely fashion. Character and Integrity are the two most important products in your business. Be patient with me as I will continuously update this post.

Step 1. Think of the name of your business. Can you include the word Professional or Management in your name? Once you have settled on a name write it down.

Step 2. Will your business be home based or will you have a physical location? Is your proposed business location located in a HUBZone? Enter your proposed address here SBA HUBZone Map.

Step 3. What is your business phone number? Will you be using your cell phone or will you get a dedicated business line. Which ever you decide make sure that number is always available and you answer with a professional greeting.

Step 4. What is your primary business and what is the associated NAICS CODE? What are the codes for the other services your company provides?

Now that you have that information compiled and written down on a piece of paper in front of you, let's take the next steps.

Step 5. Visit the IRS website and create an Employer Identification Number on their website. Be sure to enter the name of your company exactly as you want it to be listed. When you finish be sure to print three copies of your IRS EIN Letter.

Step 6. Visit the Secretary of State website for the state in which you want to establish your business. You can register your business online or go down there in person, the website will have a list of the fees you will pay. For example click a state Georgia New York Virginia

Step 7. Obtain a free DUNS You must have a DUNS number for each physical location of your business. This number is used to establish your business credit.

Step 7a. Open a Business Checking Account.

Step 7b. Register your business to conduct business with the United States Government. Registering to do business with the government is free. If you have a problem completing the forms or questions the government provides a free help desk support system to walk you through each step. Register at sam.gov

Step 8. Create Business Trade Lines visit the following websites and create accounts using your EIN and DUNS number. Place a minimum order of $150 - $200 at checkout choose the invoice me option. Be sure to pay within 20 days of receiving invoice. Staples Grainger ULine Quill NewEgg

Step 9. Get a Secured or NonSecured Business Credit Card. Try Wells Fargo for a secured card.

Step 10. Establish a way to provide easy financing for your product(s). Try Snap Finance Klarna QuadPay Sezzle Accept Cryptocurrency UTRUST

Be patient with me as I will continuously update this post.

Economic Empowerment - Dressing for success is empowering

Sun, 24 Feb 2019 17:34:00 +0000

https://atlanta.dressforsuccess.org/

Economic Growth - Long Island Business News quoted from the Marcum 2018 Tax Guide in an article about opportunity zones.

Thu, 06 Dec 2018 13:22:00 +0000

A taxpayer may defer up to 100 percent of realized capital gain if the capital gain is reinvested into a qualified opportunity fund within 180 days from the date of the sale of the asset, according to the 2018 Year-End Tax Guide, which accounting firm Marcum, which has offices in Melville, sent to its clients... [t]here are two additional ways to invest in an opportunity zone in order to defer and/or eliminate capital gains, according to the Marcum report: investors can invest directly in a qualified opportunity zone business or a qualified opportunity zone property.

Click here to read a PDF version of the article >>

Economic Empowerment - Treasury’s Opportunity Zones Guidance Answers Many Key Questions

Tue, 27 Nov 2018 22:41:00 +0000

The starting gates opened months ago for opportunity zones (OZs)–as the U.S. Treasury Department designated OZs and determined that qualified opportunity funds would self-certify.

Economic Empowerment - Heard the buzz about opportunity zone funds? Here's the skinny

Tue, 27 Nov 2018 22:25:00 +0000

At the end of last year, $6.1 trillion in capital gains was sitting in mutual funds, stocks and corporations that investors had not cashed in, according to the Economic Innovation Group.
The idea is to funnel such unrealized capital gains to economically struggling areas by offering a tax break to investors who reinvest their gains in so-called opportunity zone funds.
Recent federal guidance for setting up these funds is likely to spur more funds being created as investors look for ways to get in on the program.