One of the problems that stand in the way of many people wanting to start a home business is fear. They are afraid of not only the unknown, but they are also afraid of rumors and incorrect information about costs, legalities, and other things.
Not every home business needs large amounts of funding, or business loans. They don’t all need hours of consulting with attorneys, and they don’t need to spend money on inventory and equipment.
Typically, people are just looking to be freelancers, work from home, and doing things as simply and cheaply as possible.
Not sure exactly what kind of business you can start? How about starting completely over and learning something new. Get your real estate license. Study for your securities license or even an insurance license. These are great places to start, especially if you want part time. Even babysitting, gardening, or cabinetry can turn into full time at home businesses.
To make any business official, check out your state’s website. They will have a section for business or corporate filings. The first thing you need to do is decide whether you want to be a sole proprietor, an LLC, or a corporation. Your choice will depend on how much liability you think you will have when you start working. Then, decide on a business name. Most websites will tell you if that name is taken, and what to do next.
Decide if you want to be a sole proprietor, an LLC or a corporation. (LLCs provide plenty of liability protection along with the ability to get a tax refund each year!)
Once you pay your fee, about $125 in each state, and send in your paperwork, you’ll get a response back within a few weeks with permission to do business in that state.
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categories: business,online business,work from home,home business,home based business,network marketing,mlm
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