3:00 PM
Lanee' Blunt
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.
Reference:
SBA: Home Based Business
Posted in: Start Up
