Moving Your Home and Office: A Cheat Sheet for First-Timers
If you’re getting ready to start your first business and need to buy a new home to do so, don’t be alarmed. It’s not as scary as it might seem if you have the right help along the way. And, as with all things, information is power, and shares few things to know now that will help you launch your business and move at the same time without undue stress.
Know Your Community.
First things first: Know your community. Not all neighborhoods welcome home businesses, so make sure to check rules and restrictions in your area. This is crucial if you plan to have foot traffic coming in and out of your property.
Prepare Your Finances.
Next, take a look at . Chances are, you’re buying a new home because your current home or apartment just isn’t big enough to live and work at the same time. This means you’re likely to spend more money than you're currently paying. Use an online calculator to help determine what you can actually afford, and then so you can quickly make an offer. Look for homes online to get an idea of how much home you can get for the money you spend. Just before you get , double-check your credit score.
Protect Your New Real Estate.
Obviously, you’ll need home insurance as part of your mortgage agreement. But, this is not the only way to protect your new real estate investment. When you run a business, you also want to establish an LLC. Essentially, an LLC is that puts a buffer between your personal property and any legal action taken against you by clients. It is not a difficult process, and you can do it yourself online without the hassle or expense of an attorney. Another way to protect your business is to invest in business insurance. Progressive explains that the four types of business insurance are Worker’s Compensation, Business Owners Policy, General Liability, and Professional Liability.
Get Your Business License.
It’s also important to register as a business. You’ll want to start by contacting your county tax collector to confirm whether or not you need a license. Don’t forget to register with the state Department of Revenue as well as the IRS and Department of State if you plan to register under a fictitious name or corporate entity.
Hire a Moving Company.
Many people choose to handle their moves themselves. While this isn’t necessarily a bad thing, hiring a moving company can help take some stress off your plate. Finding the right movers will ensure that you can maintain your attention on your business. To , Move.org suggests first deciding whether you want a full service mover or if you’d rather do some of the legwork yourself. You also want to check references and . Most importantly, choose a company based on their capabilities and reputation rather than price alone.
Moving is stressful. Starting a business is stressful. When you are doing both at the same time, your anxiety levels can quickly shoot through the roof. But, if you arm yourself with information and have Tomer Fridman on your side, and know the steps to getting started from day one, you’ll be in a much better position to make your move a worry-free experience as both a home and business owner.
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