8 STEPS to Start a Home Care Business in 50 States – NON MEDICAL
1. PICK YOUR BUSINESS LOCATION
2. SELECT A BUSINESS STRUCTURE
The business structure you choose influences everything from day-to-day operations to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits.
Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability.
You’ll need to choose a business structure before you register your business with the state. Most businesses will also need to get a tax ID number and file for the appropriate licenses and permits.
Choose carefully. While you may convert to a different business structure in the future, there may be restrictions based on your location. This could also result in tax consequences and unintended dissolution, among other complications.
Consulting with business counselors, attorneys, and accountants can prove helpful.
*LLC:�Limited Liability Company (Applicable in most States)
A hybrid business structure in the USA that is an excellent option for many business owners. protects its owners and operators from personal responsibility for its debts/liabilities.
�LLC can be taxed as:
Corporation, Sole Proprietorship, or partnership w/ unlimited number of members. *This a great option to protect a small business, as well as an expanding business.
3. SELECT A NAME FOR YOUR HOME CARE BUSINESS
4. REGISTER YOUR BUSINESS
5. GET FEDERAL & STATE TAX ID NUMBERS
7. LICENSURE/PERMITS FOR YOUR HOME CARE BUSINESS (If Applicable)
8. OPEN A BUSINESS BANK ACCOUNT
GO TO THE SHOP TO GET STARTED SETTING UP YOUR HOME CARE BUSINESS�
