With non-essential businesses closed down in California, many of us are out of work or handling a reduced workload. Could this be the time to start that online business you’ve been thinking about? Here are a few quick tips.
- Come up with an online business idea – From tutoring to making small items to sell and ship, there are tons of ways to make money online. Even if you end up going back to work in the near future, this may be a side hustle you decide to keep going with.
- Decide how to formulate the business – There are tons of business formations. A sole proprietorship may be the easiest way to start while in quarantine, but you may regret it during tax season if you don’t incorporate it at some point in the near future.
- Think about the help you may need – Are you going to be hiring a web designer to create a site for you or a copywriter for some sales content? You need to consider contracts and agreements to protect your new business.
- Find a small business lawyer – Make sure you have someone in your corner to assist with business formation law, contract and agreement drafting and reviewing, intellectual property protection, and more.