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When you incorporate, it basically means you have purchased a license. Most entrepreneurs do incorporate their businesses. Any activity that generates profit is considered a business and needs to be licensed to ensure that it will operate in compliance with the laws applying to it and also for the welfare of the customers.
In the case of a home-based business, it need not be incorporated in the beginning, especially if you are just conducting business around your neighborhood. Small businesses with fewer than three employees are commonly exempted from getting a license. However, if your business expands and your operation reaches other locations, it may be time for you to incorporate.
keywords: Home Based Business | Home Business | Work at Home | Small Business | Entrepreneur | Incorporate | Incorporation About the Author:
Aidon "Hughie" Bilbao answers frequently asked home based business questions at PrettyGreatAnswers.com.
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Should I incorporate a home-based business?