Question by curiousgirl: Home Business?
I just started my childcare business out of my home and wanted some legal advice on how to manage expenses, where to look for liability insurance, how to prepare for when I file my taxes & anything else that I may not know about owning your own business. Someone suggested making my business corporate for tax purposes & to protect my personal property in case of a lawsuit. Should that be something I should consider? If so, what steps do I need to take in order to start the process? Any advice/suggestions would be very appreciated.
Best answer:
Answer by businesscreditcardsite
Financial problem? I suggest you apply for a business credit cards, it separates your personal expenses for your business expenses. You can avail rewards too!
Add your own answer in the comments!
{ 4 comments… read them below or add one }
Hi, and congratulations on your new business. I am an associate with a company called Pre-Paid Legal Services, Inc. Who are we? We sale legal plans, (in some states it is considered legal insurance) to individuals as well as businesses, large and small. We have top rated law firms in all 50 States in the US and two Providence in Canada, that represent our members. These attorneys will be able to give you legal advice as to what to do with your business. The membership fee is very small in comparison to the service you will receive from these qualified attorneys. You can contact me and I will be glad to talk with you about our services and plans.
The resources below will help answer your questions, keep in mind the answers to your questions may vary based on your location, but you should be able to get the answers at the resources below.
Use this basic checklist to make sure all the important steps are taken before you launch your new venture. This business checklist will make sure that you cross all your t’s and dot all your i’s before your business launch.
Steps to Starting a Business -
http://www.developer-resource.com/starting-a-business.htm
Other sites you might find helpful are:
SBA – http://www.sba.gov/
SCORE – http://www.score.org
Small Business Resource – http://www.small-business-software.net
Business Link – http://www.businesslink.gov.uk/bdotg/action/home
Goodluck!
http://ecommerce-times.blogspot.com
Before even considering operating a business out of your home, check the local zoning laws to see if it is permitted. If not, you may have to find another location in a commercial zoned area in order to set up your childcare business. The highest expense is insurance which in many cases, often does not cover childcare facilities in particular.
Good luck!