When we hear the word “corporation”, most of us imagine this massive industrial empire the size of a nation, much more often more than we imagine a small business. The truth is that corporations don’t have to be big at all and in fact, most of them are not.
A non-profit organization is a group organized for purposes other than generating profit and in which no part of the organization’s income is distributed to its members, shareholders, directors, or officers, aside from the salaries of those who operate the business.
For most small businesses (including life coaching businesses), registering your business is as simple as registering your business name with state and local regulatory agencies. In some jurisdictions, you don’t need to register your business at all.
Complying with government licensing and permit requirements is a very important factor in running a business. In the United States, we have Federal, State and sometimes even local governments that regulate and ask to license certain types of businesses.
In this article, we will discuss business liability insurance, including general and professional liability insurance and other add-ons and considerations and how to determine what insurance you need.
At the end, we will also address health, life and disability insurance, which is a completely separate topic but commonly asked about.
When working from home, you have to make sure that the business activity you plan to perform does not violate any local zoning or business laws.
