How to run a Business from Home

How to run a Business from Home

Working from home can add convenience and freedom to your work schedule, but the process it takes to run a business from home isn’t necessarily easy. There are many legal issues that you must be aware of before begin your new home startup business. After you have the innovative idea and the cash flow to get your business off the ground, you can then begin researching the legal steps that you need to take. If you choose to run a business from home you will save money on property rent, but you should follow these helpful practices to ensure that you are within legal regulations.

Zoning Matters

Before you make your home a place of business, it is essential that you consult municipal zoning laws. Not all businesses can be run from just any location, which means that some activities can’t be done in your home. Some home businesses like freelance writing and accounting do not present zoning problems, but having employees and customers in your home can lead to real zoning issues. If you want more information about zoning laws you can visit www.municode.com*.

Entity Offers More Protection

The process to run a business from home can be simplest if you operate as a sole proprietor. However, while this might make your startup easiest, it will not offer the security and protection that you need. When you choose to create a business entity, you have the ability to obtain liability protection. This means that under legal regulations many of your personal assets are safe from creditors. Starting a business from home can be a major risk, but creating a business entity will safeguard the possessions that you already have.

Licensing and Permits Required

You can’t just run a business from home without the proper licensing and permits. You still must abide by local, state and federal regulations in regards to your new business. The types of permits and licensing that you must obtain depend on the type of business that you own and other variables. To get the most reliable advice, you should visit *Business.gov. At this website you will be able to enter your specific information and get feedback on the type of permits and licensing that is required for your home business. This is a step that you can’t avoid when you are looking to run a business from home.

If you like the idea of reducing your daily commute to work to just a few feet, then running your business from home is something well worth looking in to. However you must take into account the issues listed above and also look further into what it takes to legally operate your own business from home.

 

Are you ready to pursue your business career? Get information on programs in your area and online using our business degree finder at the top of this page. ↑ 

 

Cited below are useful resources for learning the specifics of running a business from home.

www.municode.com

www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Business-Structures

Business.gov