Small Business-Self-Employed?
458826
For the Uk, the husband can run the buesiness and empoly his wife.. (or visa versa) but them make desisions together, but if you want to be legal partners then you must opt for a parnership.
834199
Get registered as self employed with the tax office. Go see a business startup specialist in a Bank.  One of the best banks out there from personal experience were Barclays they have a team of business specialists they can provide loads of info including Starting and running your own business guides on CD Rom and information fact sheets, there are other sources of information you can obtain through Business Link too. \n\nBanks usually lend on a matched funding basis to new businesses, ie 50/50 but only if you can provide a cashflow projection and business plan up front.  If you have already bought equipment to use for your business and can produce receipts this would be included in your 50%\n\nYou sound like a hardworker, working for yourself is not always easy and does demand your time and effort, from what you have said you have no objections to doing this.  The benefit obviously being that any money you make (less any deductions) is your own clear profit not someone elses.\n\nAnyhow, best of luck!
1084326
Self employemnt just means you work for yourself-- it can be cleaning homes, lawyers, consult, fix computers or sell tamales to friends. Get a business license from the city you operate in.  If have employees, then need to get workers compensagion insurance plus IRS tax ID number plus will need to pay employee taxes.  ALL  income is taxable when self employed- but get a good tax preparer so you get ALL deductions.
163416
I've been there, I decided after many failed attempts to start my own business, which is what I am in the process of doing right now. a Great website I have found is www.businessownersideacafe.com, there is a link called "cybershmooze" and you can post questions there about legitimate, low cost oppotunities. They have a business plan section, a section to help name your business, and a lot more. and since everyone one is a small business owner or is looking to be, you will be in good company. Good Luck
360315
♣ How many small businesses are started each years?\n\nAbout 600,000 new businesses are started each year.\n\nhttp://seattletimes.nwsource.com/news/business/small/  \n\n\n♣ How many fail within two years?\n\nover 50% of small businesses fail in the first year\nhttp://usgovinfo.about.com/od/smallbusiness/a/whybusfail.htm \n\n♣ Why do you think they fail?\n\nreasons for small business failure: \n1. Lack of experience \n2. Insufficient capital (money) \n3. Poor location \n  4. Poor inventory management \n  5. Over-investment in fixed assets \n  6. Poor credit arrangements \n7. Personal use of business funds \n  8. Unexpected growth \n  Gustav Berle adds two more reasons in The Do It Yourself Business Book: \n  9. Competition \n10. Low sales\nhttp://usgovinfo.about.com/od/smallbusiness/a/whybusfail.htm \n\n♣ What is a business opportunity?\n\nA business opportunity is a packaged business investment that allows you to start the business. Unlike a franchise, the business opportunity exercises no control over you or your company. There is no continuing relationship. This is good if you want an in-road to starting your business and refuse to give up your freedom.\n \nBusiness Opportunities Described\nBusiness OpportunityDescription\nCooperativesAn existing business that allows another similar business to affiliate with it and others, usually in a network of similar businesses. \nDealersIndividuals who purchase the right to sell products put out by other companies, such as vitamins or holistic medicines. The individual often advertises themselves as an authorized dealer. A distributor sells to dealers and a dealer sells directly to customers. The terms are often used interchangeably.\nLicenseesIndividuals who purchase the right to use the sellers trade name and certain methods, equipment, or product lines.\nMulti-level marketing This is very popular with individuals looking for a part-time, flexible business. The best-known are Avon, Tupperware, and Mary Kay Cosmetics. Typically the individual purchases a sample kit and receives the opportunity to sell directly to family, friends, and personal contacts. Not all states regulate multi-level marketing. At the time of this writing, 25 states had laws in place. The state laws differ in content and definition of terms. \nVending machinesAn individual who contracts with a vending machine company. The company provides the machines and the locations; the individual restocks them and collects the money. \n\nhttp://www.nnba.net/job_options_within_nursing.htm \n☺List some examples.\n\n♣ Where can find information on different business opportunities?\nhttp://www.nnba.net/job_options_within_nursing.htm \n\n♣ What is a franchise?\n\nFranchising is a form of business in which the owner, or franchiser, gives license to distribute products, services or methods of business to affiliated dealers, franchisees. In many cases franchisees are given exclusive access to a particular geographical area. The franchiser usually mandates uniform symbols, trademarks and standardized services.\n\nhttp://well-net.com/work/selfem11.html \n\n\n\n\n♣ Would it be easier to start a business with you own idea or with an idea already established?\n\nI think that I would be easier to start a business with an idea that has already been established. \n\nAdvantage – The idea is already made for you \nAdvantage – For can asked the other people with the business with the same idea some questions.\n\nDisadvantage – Some people what to have an idea that know one has\nDisadvantage – Some people will mistake you for the other person that has the same business with the same idea\n\n☺ List some advantages and disadvantages to both.\n\n♣ How do you get funding for your business idea?\n \nYou can get funding for your business idea at the bank \n\n♣ What legal issues do you need it consider when starting a business?\n\nThere are a multitude of legal issues to think about when it comes to starting your business.
373639
Wow, I wish I had a solid answer for you but tax laws are so squirrelly, and they vary from state to state. I can tell you that you want to be very careful to take the correct steps because nothing hurts you (or your wallet) like IRS trouble. Consider a consultation with a CPA or tax agency. These guys are worth their weight in gold, and usually know what your business needs long before you do.\n\nYou can also ask your questions here: http://www.irs.gov/\n\nAnd here's a real, legal list of deductions for the self-employed: http://www.irs.gov/businesses/small/arti...\n\n\n\nBest of luck with this,\n~Tia~
536843
You may wish to contact the SBA ( http://www.sba.gov/ ) or SCORE ( http://www.score.org/ ) for help in starting a business.  They are excellent resources for a small business just starting out (and free, too!).  You should also look into either setting up a corporation of LLC to protect yourself legally.  Contact your state for the guideline involved in that.
1025861
No business license is necessary.  If you're a sole proprietor you simply complete Schedule C, and perhaps Schedule SE as well.\n\ngood luck
21741
I would Start By Looking At The Small Business Adminstration and Viewing Your Options On Different Types..
358423
Questions to ask yourself:\n1) Why buy into a small business?\n2) Do you know anything about business in general and the specific business you're looking to buy into?\n4) Do you have the excess cash to do this? (Excess meaning you don't need any of this money to pay bills of any sort.)\n\nQuestions to ask the current owners of the small business:\n3) Are you going to be running the business or just providing capital?\n4) Are you going to be legally liable for actions the business does?\n5) What paying customers does the business have?\n6) Ask to see the business plan\n7) Ask to see the financial statements for the last several years\n8) Ask many, many more questions until you understand the business and what you may expect to gain from investing in it. (Including how long till you can see some return)\n\nDepending on your level of investment, you may want to hire professionals, such as a lawyer and an accountant to assist you in making your decision.\n\nI would not expect assistance from the state or federal government. You should be able to get information about doing business in the state.
1056748
My husband and I are opening our own business also and have heard some horror stories about friends of ours who tried to do their accounting themselves and ended up owing the IRS thousands.  I think it's worth it (especially for peace of mind) to go ahead and hire an accountant to do your taxes and who will guide you with the rest of your accounting also.  You can shop around and get quotes from different accountants and also ask other business owners in your area who they trust. :)
744985
There are so many things you have to consider: location, rent, employees, taxes, permits, filing of business papers, utilities, store fixtures, accountant and/or employee payroll system, suppliers, bank account, loans, insurance, possibly an attorney, knowledge of state labor laws, payment of state unemployment/disability for employees, computer system for ordering, a plan for shipments, etc.  I think you should talk to a business owner in person to ask questions, if possible.  If not, go to www.sba.gov - they have a Small Business Startup Guide.  This should be a good starting point.
461520
Firstly, where are you located for this venture?\n\nWhat's the demographic of your area?\n\nI owned my own agency a few years ago but rules and regulations are tricky.  So post where your located and I can tell you more.
428357
Wow, I wish I had a solid answer for you but tax laws are so squirrelly, and they vary from state to state. I can tell you that you want to be very careful to take the correct steps because nothing hurts a business (or your wallet) like IRS trouble. Consider a consultation with a CPA. These guys are worth their weight in gold, and usually know what your business needs long before you do.\n\nYou can also ask your questions here: http://www.irs.gov/\n\nAnd here's a real, legal list of deductions for the self-employed: http://www.irs.gov/businesses/small/article/0,,id=109807,00.html\n\n<<Personal Expenses\nGenerally, you cannot deduct personal, living, or family expenses. However, if you have an expense for something that is used partly for business and partly for personal purposes, divide the total cost between the business and personal parts. You can deduct as a business expense only the business part.>>\n\nBest of luck with this,\n~Tia~
411271
Similar, but not necessarily so. As a sole proprietor, you can still create a balance sheet of your business. Even the self-employed separate business from personal expenses. \n\nYour net-worth will include the "value" of your business; however your balance sheet would be strictly business. Suppose you wanted to sell your sole-proprietorship (and it had some value someone would purchase), You would not provide a prospective buyer your net worth - you would provide a balance sheet, income statement, etc...
880327
If you start to drag yourself to work everyday then I think you better quit. But setting up your own business is not as simple as what you think. You need to find a place for the tuition centre, hire people, rental fees, renovation cost etc. The most diffcult part is that when you are new in the market, people will not trust you as much as the more established tuition centres.   \nYou need to consider all these factors before you go into this type of business. All the best to you
437526
As a sole prop, you first need to decide whether you will be doing biz as yourself, i.e., Jane Doe, or with a fictitious business name (aka DBA, doing-business-as).\n\nIf you will do business as yourself, then you just need to find out if there are any licensing requirments for your type of biz in your city/county/state.  Your local county recorders office can most definitely give you guidance on that.  If needed, obtain the necessary license, genrally by paying a reasonable fee.\n\nThen you need to open a bank account for your business.  Although you can use your current personal checking account (as a sole prop, you are allowed to do this), for accounting and business record purposes, not to mention taxes, it is adviseable you open a seperate account for the biz.\n\nIf you want to do biz under a fictitious biz name, you must pay a visit to your county recorder's office and file a DBA.  Once you have the DBA, you can open a checking account under the DBA name, i.e., Quality Window Cleaning.\n\nThose are the basics.  However, there is one very important thing you should do that is not technically "required".  And that is preparing a sound biz plan.  Put your ideas in writing.  Take the most important elements and come up with strategies on how you will market, finance and grow your biz.  Too many people fail to take this VERY important step and end up failing.  There are many business plan resources out there, many of them free.  Visit the web site for the SMall Business Administration for some free resources on this topic.\n\nGood luck on your endeavor and feel free to contact me at aizadpanah@yahoo.com with any questions.