How to Start a Business From Home: 4 Steps You Need to Do

Learn how to start a business from home. There are many advantages of starting a small-scale business or micro-business.

These typically low-risk, bootstrap businesses operated by solo entrepreneurs have the potential for significant scale and long-term profitability. Some micro-enterprises have made millions of dollars and others have even grown into huge multi-billion dollar companies.

If you’re planning to start an online or home-based business, there are 4 regulatory and business development tasks you need to do:

1.  Get the Proper Licenses and Permits — Every business needs federal, state or local licenses and permits to operate.

  • The easy way: Contact the county clerk office in the city where your business is located for information about permits, licensing requirements and fees. Some of the forms can be done online.
  • Another easy way:  You can easily identify the licenses and permits required for your business by using this handy tool created by the US government.

2.  Register Your Business Name (Doing Business As)

  • The easy way:  If you’re starting out as a freelancer or solo entrepreneur, you can use your given name as the legal name of your business.
  • If you want to use a specific name for your business, you cannot operate under that business name until it is officially registered with your local government. Click here to find out how to choose and register your business name.

3.  Financing Your Micro-Business

4.  Filing and Paying Taxes — Tax planning should be a key component of your business plan.

 

How to Start a Business From Home:  8 Tips for Starting a Home-Based Business

 

Learning How to Start a Business From Home? Additional Resources You Can Use