If you’re not quite ready to open a brick and mortar storefront for your business yet, our ABC’s for business this week focuses on the next best bet for your start-up – a home based business. Operated out of the home of the owner, the advantages that starting your business from the homestead include:
-the ability to create a flexible schedule that accommodates your lifestyle
-minimized cost of initial expenses which allows you to keep to and stick to a budget when first starting out
–home cost deductions on income taxes
-a much shorter commute that allows you more time to focus on your business
Whether you plan on opening up a full home office or even an Etsy storefront from your laptop, you’ll still need to properly incorporate your business and ensure that you have a business license to operate out your state with. Check out our incorporation page at our learning center to find out more how an incorporation can benefit your new business before incorporating today. Once you’ve filed your paperwork and are ready to focus on your new company, we also offer 10 ways to effectively market your home-based business – with most of our tips budget friendly and easy to implement!
Deborah Sweeney Deborah Sweeney is an advocate for protecting personal and business assets for business owners and entrepreneurs. With extensive experience in the field of corporate and intellectual property law, Deborah provides insightful commentary on the benefits of incorporation and trademark registration. Education: Deborah received her Juris Doctor and Master of Business Administration degrees from Pepperdine University, and has served as an adjunct professor at the University of West Los Angeles and San Fernando School of Law in corporate and intellectual property law. Experience: After becoming a partner at LA-based law firm, Michel & Robinson, she became an in-house attorney for MyCorporation, formerly a division in Intuit. She took the company private in 2009 and after 10 years of entrepreneurship sold the company to Deluxe Corporation. Deborah is also well-recognized for her written work online as a contributing writer with some of the top business and entrepreneurial blogging sites including Forbes, Business Insider, SCORE, and Fox Business, among others. Fun facts/Other pursuits: Originally from Southern California, Deborah enjoys spending time with her husband and two sons, Benjamin and Christopher, and practicing Pilates. Deborah believes in the importance of family and credits the entrepreneurial business model for giving her the flexibility to enjoy both a career and motherhood. Deborah, and MyCorporation, have previously been honored by the San Fernando Valley Business Journal’s List of the Valley’s Largest Women-Owned Businesses in 2012. MyCorporation received the Stevie Award for Best Women-Owned Business in 2011.