Our Saratoga Business Attorney Discusses Home-Based Businesses
If you operate a home-based business in Saratoga, a Saratoga business attorney may be able to help you. Close to half of small businesses in the United States are operated from home. This number is growing as the population of working people changes careers and ages. It is hard to beat the convenience of operating a home-based business, but it is easy to run afoul of local regulations and tax laws. There are several considerations you should make, and your Saratoga business attorney may be able to help.
Typically, there is a line drawn between residential and commercial areas. This is called zoning. If you are conducting a business from your home and you have a lot of foot traffic as a result, or if you want to post a sign in your yard that advertises your business, it is probable that you will need permission. This is especially true if you have a homeowner’s association in your neighborhood.
Permits and Licenses
Home-based businesses are regulated in many cities. This means employees may be limited to one or two people or there may be a limit on the number of customers who are allowed to come to your door. You will need to find out what regulations exist in your municipality to find out if you need a special permit or license to operate your business.
You are allowed to deduct the cost of a home office. However, the IRS is strict about what can and cannot be deducted. For example, space for your office can only be used for that purpose. The office cannot serve as a den or guest bedroom.
If you have employees or clients visiting your home, you should make sure your homeowners’ insurance covers any claims in case someone suffers an accident on your property. You will often need a separate policy for your business. However, you may be able to have a rider attached to your policy for business protection.
Contact a Saratoga Business Attorney
For more information on how a Saratoga business attorney can help, contact the Freed Law Firm at 831-661-0300.