Starting a Business While Moving – What You Need to Know
While starting a business while moving isn’t ideal, it can be anecessity. If you need to find a new home that gives you enough space to workand live, and you don’t want to delay launching your home-based business, here’s what you need to know.
Home Buying and Moving
It’s also crucial to understand that the home buying process takestime. Once you place an offer, it takes 30 to 45 days toclose. Luckily, you can use some of that time to plan your move and get yourbusiness off the ground.
After you place an offer, start packing up your house. By beginningright away, you can do it a little bit at a time, making it more manageable.Start with non-essentials to ensure you can live comfortably for as long as possible. Then, as the closing date draws near, pack anything that isn’t a daily necessity, leaving only the must-haves for your last few days.
You can also get quotes from moving companies or truck rentalbusinesses if you need those services. Again, doing this early isn’t a badidea. At a minimum, it helps you estimate prices, making it easier to budget effectively. In some cases, you may be able to reserve your moving dates in advance, making your move more predictable.
As you prepare your move, make sure to separate business items fromyour personal effects. That way, you know which boxes contain items relevant toyour company, making them easier to find as you begin making your home in your new house.
Indeed, the whole process of buying (and/or selling) and moving is ahandful, especially with a business to take care of. Dream Home Raleighspecializes in all these (and more) and can be your mostvaluable ally throughout this transition.
Starting the Business
While you plan your move, you can also handle certain activitiesrelated to launching your business. Often, you’ll want to begin by choosing abusiness structure, such as a sole proprietorship or LLC.
Additionally, you’ll want to settle on any business names. In somecases, you may need a primary name for your larger company, as well as a ‘doingbusiness as’ (DBA) name for specific aspects of your operation. When you file a DBA, you can sell productsor services under a different name while maintaining everything under one primary umbrella with a DBA. Plus, it could help you secure a domain name for your business ifyour main one isn’t readily available.
There are other needs you may be able to address during your move, aswell. For example, once you complete the closing process, you’ll have anaddress for your new home-based business. As a result, you can apply for the necessary business licensing and permits.
You streamline the process by waiting until you officially own yournew home to get licenses and permits. This is especially true if you’re headingto a new state. Transitioning a business to a new state is cumbersome. Usually, you’ll either have to go through the domestication process or register as a foreign LLC. If you wait, you can avoid many of those headaches.
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