Home-based Business Resources

Home office desktop Guest Blogger: Lisa Wedin, University of Alaska, Fairbanks

A home based business can be a way to support a hobby, earn a living or launch the next Apple or Martha Stewart empire. Not every business needs an office. There are a variety of businesses that can be started and ran at home. Eleven businesses you can start in your pajamas are detailed in this Inc. slideshow.

There are a variety of resource who can assist in setting up and running a home-based business. In addition to our Entrepreneurs and Their Communities effort , the Internal Revenue Service (IRS) and the Small Business Administration (SBA) are great federal resources. The IRS has tax information around running your business from home. For example the home office deduction just got simpler. Check it out here. The SBA has a wealth of information on all aspects of starting, managing and growing your business. A helpful article from their website on home based businesses can be found here. A home-based business might be a great fit for you.

Resources:

• Internal Revenue Service webpage of types of business structures http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Business-Structures
• Internal Revenue Service Small Business and Self-employment Tax Center http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed
• Small Business Administration page on starting and managing your business http://www.sba.gov/category/navigation-structure/starting-managing-business

Don’t forget to also check our ETC website, http://www.extension.org/entrepreneurship.

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