So, thanks to Barbara, Florida is going to allow home bakers to sell from home! WOO HOO!!! So my question is, do I have to name a business & if so, how would I go about doing so? I have done the research & the name I have in mind is not being used. Do I need to register it as an LLC? If I do that would I have to have a specific insurance? Of course since this is going to be new to Florida, no one in my area knows the answer to any of these things! Any help would be GREATLY appreciated!
Before you can start a business you will also need to make sure you are compliant with municipal zoning rules, some towns will not allow storing or selling commercial goods in certain residential neighborhoods.
The next step would be to put together a business plan to make sure your business will be sustainable in the long term, and to determine pricing, advertising strategies, product assortment, target markets, etc. Make sure to record all your startup costs in bookkeeping software like QuickBooks, since these costs are usually deductible. You will need a basic level of accounting knowledge, or you can hire an accountant.
If you are ready to execute your business plan, you will need a business license from your town (in most areas) and business liability insurance coverage. Creating an LLC is optional, but recommended if you have significant personal assets.
You can find free one-on-one help with starting a business at your local SCORE office:
I don't have experience since I'm in Texas and our lovely state hasn't come around to allowing legal home bakers but I have been reading up on small business rules, regs, and advice in the off chance that I have an opportunity to bake in a legal kitchen somewhere my current reads (which I would highly recommend!) are "Wow! I'm in Business: A Crash Course in Business Basics" which covers areas such as taxes, bookkeeping, LLC vs Corporation, etc. and "Not So Common Sense: Five Tips For Home-Based Business Success" which is more about the experience of running a small or at-home business from the do's and don'ts perspective (Its actually written by a cakecentral member!). I haven't finished either, but from what I can tell they give invaluable advice!
Thank you both for the quick replies! I am going off to research some more.
And Jason, I have seen you reply to many of the business post on here. You are an invaluable wealth of knowledge! Thank you so much for sharing.