| Your home business career should start with | | | | to help with a home business career are that |
| basic legal knowledge about business matters | | | | the attorney will keep abreast of the many |
| that can commonly come up. Here are a few | | | | changes that occur in the realm of business |
| common terms, ideas and thoughts that someone | | | | licenses, corporate and tax issues, the |
| starting a home business career should know. | | | | advantages and disadvantages of sole |
| | | | proprietorships, partnership and the various |
| Common discussions during a home business | | | | types of incorporation, as well as the |
| career are whether to become a corporation, | | | | continuous changes that are in zoning |
| an LLC, a sole proprietorship or a | | | | restrictions and requirements for business |
| partnership. The biggest plus, as understood | | | | licensing. |
| by many of being a corporation, is the idea | | | | |
| that a corporation will protect the owner | | | | When it comes time for acquiring a business |
| from personal liability. | | | | license for that home business career it |
| | | | might be as simple as a stop at the city |
| The reality is that the creation of a | | | | clerk's office and a $20 check. |
| corporation as part of someones home business | | | | |
| career can protect the entrepreneur from | | | | Or an entrepreneur could become embroiled in |
| personal liability. | | | | many time consuming and possibly restrictive |
| | | | compliances such as permits from the local |
| Referred to as a corporate veil, it protects | | | | fire department, permits for control of air |
| individuals involved in the business from | | | | and water pollution, permits for signs, |
| having creditors, customers and others attack | | | | country permits, licensing from the state, |
| their personal assets should a lawsuit be | | | | licensing from the federal government, |
| filed against the corporation. It is not | | | | licensing for purposes of state or city or |
| enough, however, for the venture to be named | | | | county sales tax, and permits issued by the |
| a corporation. | | | | local or state health department. |
| | | | |
| The home business founder has to have a | | | | These are the things that might have to be |
| corporate feel in his or her career, with | | | | dealt with at the start of a home business |
| meetings of the board of directors, minutes | | | | career. |
| and note taking and publishing, as well as a | | | | |
| corporate checking account and perhaps credit | | | | You would be well advised to have knowledge |
| cards in the name of the corporation. | | | | of a local attorney who can advise you for |
| | | | reasonably cheap fees at the beginning of |
| Meaning keeping excellent records and a well | | | | your business career until you are ready to |
| organized system so they can be easily | | | | incorporate your business. |
| analyzed and found quickly with ease. Someone | | | | |
| whose career involves a home business and who | | | | If you start doing financially well, without |
| is thinking about creating a corporation | | | | an attorney to advise you of different legal |
| should seek the advice of an attorney who has | | | | problems that come up, from customers or the |
| experience with others in your same field. | | | | government at any level, you might find your |
| | | | beautiful financial growing future trashed by |
| Registering a company name is important to a | | | | an incompetent, raised on government |
| home business career and generally means | | | | employee, or a greedy customer seeking to |
| contact with the office of the secretary of | | | | line their pockets, unfairly, at your |
| state. Business licenses and permit | | | | expense. |
| regulations vary considerably from | | | | |
| municipality to municipality and from state | | | | Many times an attorney can stop these profit |
| to state. | | | | eaters dead in their tracks or at least |
| | | | extremely limit the damage and expense they |
| The advantages of having a business attorney | | | | can do to you. |