www.ebizyourhome.com

In order to become a legal sole trader, simply use the sole trader’s name or create a business name. After establishing a name to operate under, secure permits or business license. In addition, acquire the appropriate insurance policy to cover all associated risks. In most cases, sole traders are mostly held responsible for any damages that may occur during the operation.

Set up a commercial office space or home office space. As a sole trader, hiring employees can be done the same way a business hire employees. To run a sole trader operation, purchase Read more…

There is no set flat import tax which is placed on all imports and exports into the country. The only way to truly figure out the import rate is to know what the “certain” product is. When a person travels to another country and brings back certain items, such as: food, alcohol, consumer goods, and other products which are not sold in their home country, they are required to pay an import tax in order to have that product Read more…

There is always something new that needs to be created and there is always room for a new business to be started. Here is our list of the top 10 rags to riches stories.

1. John D. Rockefeller grew up poor, but he still managed to start an oil company that made him a billionaire.

2. JK Rolling went from living on welfare to being a self-made millionaire. She followed her passion and become a bestselling author.

3. Chris Gardner went from sleeping in subway station bathrooms to be being the owner a brokerage firm.

4. Andrew Carnegie grew up Read more…

To do business in a way that shows professionalism and consistency, anyone making transactions that involve the exchange of financial instruments should always open a business bank account. The account should be separate from personal funds and must be maintained with accurate record keeping.

The first step to opening a business banking account is to shop the area to find out which banks have the best options, features, and perks for doing business with them. Try to make sure that the things they offer are valid and will not be Read more…