How to Start a Home Business

By Lanee’ Blunt

Starting a home based business can be very rewarding. You won’t have the long commute, rush hour traffic, work in your pajamas, and take a long coffee break. Be your own boss and you won’t have to worry about being laid-off. Home businesses are becoming more popular today as people turn their extra time into profit.

The Home Office
You probably have an idea or the product that you want to sell. Where in your home will your office be located? If you are going to sell products you need enough room to store the inventory. If you are selling merchandise you will need to display them where your customers can see them. Keep your business and your family life separate because your family will need their privacy.

Apply for Licenses
You must set up your business as a legal entity. Decide which form of ownership is best for your particular business: sole proprietorship, partnership, Limited Liability Company (LLC), corporation, or S corporation. A sole proprietorship is a business owned by a single individual. Start a home business by operating as a sole proprietorship the start up cost is low; no employees are required and begin working right away with minimum overhead.  Check zoning ordinances, buy insurance, and see your city clerk about special licensing you may need for your particular business.


SBA: Home Based Business
University of Maine: Starting a Home Business


Related Posts Plugin for WordPress, Blogger...
Twitter Delicious Facebook Digg Stumbleupon Favorites More

Design by Free WordPress Themes | Bloggerized by Lasantha - Premium Blogger Themes | Best Hostgator Coupon Code