pc repair business start up questions ?

Edwards Finance > Phones

Q. i am going to start a home based computer upgrade/repair business, and am seeking general advice from people with experience in this. i plan to keep my full time job, and do this on the side. i have been doing free repairs/upgrades for friends for a few years, and enjoy it enough to take it to the next step. i have studied mike's book for a+ cert. and plan to take the tests after i have generated a little income

A. When you go out on your own, you absolutely *MUST* do it right. By that, I mean you must do it legally. That means getting your occupational license, getting your ficticious name license (if you are not using your real name as the business name), getting your federal EIN number, your state sales tax number, your commercial bank account, your workman's compensation number, unemployment compensation number, and all the myriad of other numbers, registrations, and licenses. And do not forget liability insurance. Why do you need all this stuff? Well, you only need one unhappy client with too much time on his hands to drop a dime on you. If you call your business "PC helper" and you have the clients pay you in cash, or ask them to write the check out to you personally, they *KNOW* you either do not have the proper licenses, or you are not paying your taxes! Simply, you HAVE to pay your taxes. If you are working out of your home, you could end up losing your business, your home, your vehicle, and any other property you own if you do not. What else? Well, I cannot suggest to you highly enough that you incorporate. Why? Well, you simply *MUST* protect yourself and your family from civil liability. All you need is one asshole to claim your actions corrupted his data and now he sues you. If you are incorporated, they cannot touch your home, your car, or your personal assets, or those of your family. Oh, and do *NOT* work out of your house. If your house and your office are one in the same, then they can come after that too! Even if you only use a small rental space in a flea market, and use a cell phone as the business phone. You MUST keep home and office seperate.

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