Have you decided to open a second or sideline business out of your home? Maybe you’d like to supplement your income or embark on a new career. Maybe you’re just excited about the opportunity to be your own boss in your own home. Running a company out of your home has a lot of up sides as well as down sides. One of the most important things to address is establishing your home based business according to local laws. Be sure to consult an attorney for precise information. Follow these guidelines from the professionals to get started.
Would you like to open a hair salon in your home and offer Groupon coupons to attact clients? The first step to take for a home business of this nature is to check with your state Department of State to get the business classification code. You will only be able to obtain a license to do business in your home if you meet the following criteria. 1. You must be licensed to cut hair in your state 2. You must register with the local municipality 3. Your property must be zoned to allow for a home based business. Once you have met all three of these criteria, you can apply for a license to do business in your home. Because the general public will be entering your home, you’ll need to contact your insurance agent to secure the necessary insurance to protect yourself, your home and your clients.
The upsides of running a business out of your home are many. You clearly don’t need to pay rent, you won’t have a commute and you can set your own working hours. Once you make the commitment to establish a space in your home for business, you’ll need to set a professional environment and dedicate that space solely for business use. Best of luck to you in your new business!