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From a legal standpoint, there are three basic choices, sole Job Function Email List proprietorship, partnership and incorporation, each with advantages and disadvantages. Majority of home businesses tend to be sole proprietorships Job Function Email List. - Choose a name for your company and check on name availability. Naming your company is highly individual, but it's the first Job Function Email List thing associated with your business, so choose your name carefully. You'll need to do a NUANS (Newly Upgraded Automated Name Search) report Job Function Email List, which checks your name choices for uniqueness against a database of other business names.
A reserved name is valid for 90 days. - Determine whether there are special permits or licenses that your business will need. Check with county court Job Function Email List house or your local tax collectors office for the proper forms. - Set up your home business bank account and record-keeping system. Your banker will need to see your business documents, and you may want to set up more than one account so you can keep track of your finances Job Function Email List better. Record-keeping is required, and can be done manually or with a computer program. - Purchase insurance. There are many different types of insurance, but most probably your company will need at least one.