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Tips for registering your home-based business

On Behalf of | Apr 19, 2019 | business formation & planning |

Are you starting a home-based business to bring in a little more income each month to support your family? Is your career moving in a direction where you can work from home at all times? Are you the only employee of your home-based business? If you answered yes to any of these questions, the tips outlined below will help you with getting the business registered in Louisville, Kentucky, so you are not in violation of any laws.

Before you do anything related to registering the business, make sure you name the business. All businesses must have a name, and you should choose a name that has not been used yet. You can search the public records in Louisville to find out if your name has ever been used.

Now, you can choose the structure of your business. The paperwork will be very light if you operate as a sole proprietor, which many home-based businesses tend to operate as in Kentucky. You can also operate as an LLC or a partnership. It all depends on how many people will be working with you.

You will need to register your business with the local county clerk. A DBA, or doing-business-as, form will be required if the name of the company is made up and does not include your legal name. It’s also important that you contact the office of the Secretary of State in Kentucky to register as either an LLC or sole proprietorship.

Depending on the nature of the business you are running out of your home, you might be required to acquire a business license from the city or the state. The only way to find out is by asking.

Forming a business that operates out of your home is a great way to earn income while staying at home with your children. Just make sure that it is registered correctly for tax purposes and for zoning purposes.