(I’m speaking from personal experience, going on 11 years working in our home-based business) This info is rock solid! I would especially encourage anyone, even thinking about a home-based biz, to seriously look into getting an accountant. Finances (or lack thereof, due to ignorance), especially if/when on a tight budget, will close the doors faster than you can say WHAT HAPPENED?!
If you want to start a home-based business, there are a number of things you need to think about. To help you get off to the best possible start, here are 10 of the most important to consider.
A company name
One of the first decisions you’ll need to make is what to call your new business. Do you want your name to describe what you do, what you stand for, who you are or to be more abstract? If you think there’s a chance you may decide to become a limited company at some point, it’s also a good idea to check that your name hasn’t already been taken.
A company structure
When starting a business, you need to decide what structure works best for you: sole trader, limited company or business partnership? This will have an impact on responsibilities such as what paperwork you need to complete and…
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