No color preference.
You can have it all black with a splash of color, (orange? purple? dark blue?), or just plain black and white? Maybe a mosaic of colors?
You're the creative, I trust you.
Our Ideas and Additional Information:
The most important thing is to have the logo and the business name separate so that I am able to associate the logo to my business without the need of mentioning the name, a brand mark.
In the end, the idea should be original and you are the creative, go wild.