Part 2 of 5 On The Home Business Set-Up Guide
These articles will provide a step by step guide on how to start and run a home based business based on my experiences and other home business owners. This is part 2 in a series of 5 articles. They are written in a basic format and where possible main points are summarised in an attempt to be understood by all. I have tried to minimise the technical jargon as much as possible.
So lets jump right in and see what we need to know about starting and running a home based business.
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The legal structure of your business is very important as it is a function of liabilities and tax deduction. The most common structures are: