Sunday, September 7th, 2008
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Become Your Own Boss

by Serena Berger

Are you one of the millions of Americans who talks about how much you hate your job at least once a day? Do you feel as though there's no room for you to advance in your company? Would you rather work alone than deal with the gossip, backstabbing, stress, and tension where you've been working? It's surprisingly easy to become your own boss. You could have your own small business within two months--maybe even less.

Get the Consultation You Need to Become Your Own Boss

Starting a business is different anywhere in the country. There are different licenses that you will need, different taxes you will have to be prepared to pay, and different zoning laws you will have to contend with. The wisest course of action is to contact the United States Small Business Administration and then your local Department of Commerce. They will help you make sure that you are apprised of all the legal and business issues salient to your goal in your locale.

You will also want to talk to an attorney and an accountant. One of the first decisions that you have to make is how the company will be structured. You can opt for a sole proprietorship, partnership, or corporation. The size and nature of the business, the amount of control you wish to maintain, the distribution of profits, and the tax implications are all important aspects in making this crucial early decision, and you want to make sure that you make the right decision for you.

You will need to get health permits and insurance, as well. Again, it is advisable to consult with a lawyer, as a single lawsuit for which you are not prepared could be enough to terminate your business. There are many advantages to being your own boss, but the initial planning of your business will insure that you get to reap those benefits fully.


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