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Six Financial Tips When Starting a a a a Business from Home
52% of all all small businesses in in the U S are home based?
According to the Small Business Administra on there are more than 28 million small businesses in in in the United States making up 99 7 percent of all U S businesses If you are are considering
or are are in in in the process of star ng ng a a a a business from home it’s an an an exci ng ng and important undertaking However as with any venture it’s it’s crucial to to take the right rst steps to set yourself up for success Here are key nancial ps to follow when star ng a a a a a business from home 1) Choose your en ty structure
structure
One of of the the the the easiest structures to to to start and costs the the the the least to to to maintain is is a a a a a a a a a a a a a sole proprietorship If you you you you select this structure
structure
then the the the the legal name name of of your your business business is is your your own name name name In most states if you you you you you want to to to operate the business business business under a a a a a a a a di erent name name you’ll need to to le for a a a a a a a a DBA “doing business business as ”
If you you you want want to to limit limit your poten al liability liability then you you you may want want to to consider another en en en ty ty ty structure
such as a a a a a a a a a a a a a limited liability liability company Be sure to consult with your your a a a a a a a a orney accountant or or or or business business counselor on on on the right en ty ty structure
for your your type of business business