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I’ve worked in this field before in an after school retail business and after the company closed have been doing it from my home. I’m doing well and have a nice sized following so I’d like to expand and start renting out space to teach in. What do I need to do in order to make it legal?

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    YourBizExpert
    August 25, 2013 at 9:44 am

    First, check with the state that you are in and find out what they require for new business start ups. Most states have on line access to their department of licensing.

    You will also have to find out if teaching, tutoring or working with kids will require a specialty license.

    Next, you will have to figure out what kind of business you want to be – a sole proprietor or corporation. Except for a sole proprietor, the other forms of businesses require a formation.

    If this is new to you, you will want to research this and know what to expect.

    Finally, you may need to stay small a little longer, renting out will require your business to pass a credit check and you may be required to carry insurance, pay for utilities and maintain the building.

    Also, commercial rentals, more often than not, are leases and they are for a specific term – 1 year, 2 years, 5 years. etc. If you can’t keep up with the expenses and go out of business sooner than the end of the lease, you can be liable for lease until it is completed, business or not.

    In this economy, it is wiser to stay in business than to grow until you are certain that the area that your market is in is growing also.

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