Sunday, October 14, 2007

Starting a Business The Right Way!

For those who don't know this about me, one of the things I would like to do before I die is to start my own business. Perhaps it is for the pleasure of knowing that I can do it and that I actually did do it. I don't know what it is. I just know I want to have that little entity that is mine and I am in charge of it.

Right now I am totally immersed in taking care of Caleb who is becoming more and more of a handful. I have my little side ventures that help the family budget like eBay and blogging. But, they aren't organized or even really not that focused. That is one reason why I think a small business would be great. I am always thinking about what my product would be and how I would go about running my little venture.

I am thankful I have a husband who has already walked down the road of starting a small business. One thing he did right was go see an attorney to be sure he was always within the law. He learned about how an incorporated business has to hold regular meetings of the directors and shareholders and adopt bylaws. He got all the proper documents the IRS will want to see. All that was great but it did cost money.

Did you know you can now get the same help online. You can get free llc forms and also assistance making sure you do everything in the lawful manner. You may also want to know the difference between a corporation and a LLC.

I strongly believe that creating a proper system of operation and doing all the legal stuff at the very start of your business. It may be teeny tiny and only consist of one person (you) but you still need to be covered. You also need to have that system in place for when, God willing, your business grows. It may be tedious now but it is worth it in the future.

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