Thank you. The file format is one thing that I was unsure about and so far wasn’t being covered in any of the lessons/resources I’ve found so far. Right now I’m practicing and playing around with designs in inkscape, but plan to eventually purchase software for designing in the future.
Glad to help! Yes, you need to submit few of your designs to be approved in order to participate in contests. As LisaMac said, you need to use only Adobe Illustrator, I forgot to mention that. Very important. Only .ai files are accepted, and Illustrator is the most used, requested and advanced program to create logo designs.
I really appreciate all the help. Thank you both again. All this advice and information will really help me as I learn this new skill. Wishing you both the best!