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