Business Startup Lab Plr Ebook

Salespage Snapshot:

>>> Click Here To View Full Sales Page…

Sample Content Preview

It takes most of these factors to succeed in business, and the more of these you possess, the greater your odds of success.

Remember, many of these factors can be acquired by study and/or training, so keep working on growing as a person and developing these traits.

Business License

Not everyone who starts a business needs a business license. It really depends on the type of business you’re going to run, where you’re going to operate it, and a number of other factors.

If you need a business license and don’t get one, you could be facing some pretty harsh fines depending on where you live.

To find out if you need a business license, you will need to find out what your state and/or local government require. This will depend on a variety of factors, and you may need other types of licenses in addition to a standard business license.

For example, if you have employees, you will more than likely have to register with your state’s Labor Department. This agency will administer unemployment insurance contributions and handle workers’ compensation and such. You may even have to buy your workers’ compensation insurance directly through your state.

Some businesses need special licenses, such as those selling processed food products like restaurants and concession stands. Again, these laws differ in various locations, so you need to check with your state and county to find out what you may need.

The Small Business Association has links to various state websites. This is a good starting place for your research:

>> http://www.sba.gov/content/what-state-licenses-and-permits-does-your-business-need

Remember, your local government may have its own requirements, so you’ll need to be sure you’re in compliance with county and/or city rules as well.

Home Business Operation

If you intend to operate your business from your home, there are special laws that apply in most areas. These laws apply to things like zoning, and depend on whether or not you will be having customers or clients visit your home, traffic, and other factors.

Most zoning codes have restrictions for:

Prohibit changing the exterior of your home for business purposes
Prohibit or restrict outside signs in residential areas
Prohibit or restrict commercial vehicles in residential areas
Prohibit any type of outdoor business activities
Restrict the number of visitors you’re allowed to have
Restrict the number of employees or even prohibit you to have any
Restrict business parking
Restrict noise and other nuisances
Prohibit hazardous materials
Restrict the type of businesses allowed in residential areas

Some areas have very few laws regarding home businesses, while others are much stricter. Check with your local planning and zoning office to find out which laws may apply to your business.

Home-based businesses can also write off certain expenses on their taxes. It’s best to consult a tax professional to be certain of the deductions you’re allowed to take, because the last thing you want is the hassle of an IRS audit because you claimed something you shouldn’t. Additionally, tax laws change often, so it’s a good idea to use a tax professional every year if at all possible, because they will stay informed about changes to the IRS code from year to year.

Incorporating

A lot of people don’t understand the benefits of incorporating, or even if they should. Additionally, there are different types of corporations and even LLCs, which aren’t true corporations.

Incorporating or forming an LLC is potentially quite costly. The license alone can cost $100 or more in some areas, and if you need professional help to fill out the forms, that costs even more.

Not every business needs to for one of these entities, but if you do, it’s important to choose the right one.

An LLC, or Limited Liability Company, is the simplest type of business entity for form (other than a sole-proprietorship or partnership). It offers very little liability protection, but there are certain tax benefits that you may want to consider.

Corporations offer a lot more liability protection, meaning it’s more likely the company would get sued instead of you personally if something goes wrong, for example. There also greater tax benefits, credit benefits, and other benefits.

The drawback is that corporations require a lot more recordkeeping, corporate formalities such as required meetings of the board of directors, ownership restrictions and much more.

There are also two different types of corporations to consider: the C-Corp and the S-Corp. The S-Corp is more for smaller companies and the C-Corp is for larger companies that may want to issue stock someday.

Other Details

- 1 Ebook (PDF, DOC), 18 Pages
- 7 Part Autoresponder Email Messages (TXT)
- 1 Squeeze Page (HTML, PSD)
- File Size: 17,445 KB