You have a good home business idea. What?s next?Written by Arina Nikitina
So, you want to start your home-based business. You have an idea. But do you know where to start???? That?s important to start with legal aspects of running a home-based business: business registration and taxes.
The first thing you should consider is choosing an appropriate form of business. From a legal point of view, there are four types of businesses: 1.Sole proprietorships (This is simplest form of business. A sole proprietor directly owns business and is directly responsible for its debts.) 2.Partnerships (A form of business entity in which 2 or more co-owners engage in business for profit. For most part, partners own business assets together and are personally liable for business debts.) 3.Corporations (A corporation is a legal entity that is separate from its owners, shareholders. No shareholder of a corporation is personally liable for debts, obligations or acts of corporation.) 4.Co-operatives. (A co-operative is a corporation organized and controlled by its members, who pool resources to provide themselves and their patrons with goods, services, or other benefits.) I think in most home business cases most suitable is sole proprietorship.
A sole proprietorship is a business entity owned and managed by one person. The sole proprietorship can be organized very informally, is not subject to much federal or state regulation, and is relatively simple to manage and control.
REGISTERING YOUR SOLE PROPRIETORSHIP
Unlike an LLC or a corporation, you generally don't have to file any special forms or pay any fees to start working as a sole proprietor. All you have to do is declare your business to be a sole proprietorship when you complete general registration requirements that apply to all new businesses.
The List Is The ThingWritten by Ken Leonard Jr.
Many companies begin their online sales ventures with wrong strategy to build long term success. Thinking that a website is core of their business leads them to focus on getting website visitors. Making site "sticky", by using a member-only area or a community feature such as chat or a forum, may get some of your visitors to come back for more. Unfortunately, large part of your viewers may not use these features, and being in a hurry, they are just a click away from another new and interesting website. Many of your "hits" are just that, a quick click, and they're gone forever. The visitor that clicked away likely found your site by using a search engine. They were interested in search term that was one of your site's keywords. That means that they may be your "target customer". Isn't it a shame that you only had one chance to sell this visitor on your product or service? Don't you wish that you could follow-up on that "lead" at a later time? With a better offer or a different related product? You can. The focus of your online sales business "has" to be capturing lead information (email addresses) and building a database of prospects and previous customers. This "house list" enables you to keep in touch with your leads,