Finding a new home for your home-based business

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Finding a new home for your home-based business

Running your small business out of your home can be convenient and cost-effective options for many. If you’re moving and planning to operate your business out of your home, it’s important to consider the following:

Practical set up:

  • Do you need a designated workspace that is separate from your home? Is it far enough removed to be quiet, uninterrupted by your family? If clients or suppliers come, will they have to walk through the rest of the home to get to the work space?
  • Are the entrance, steps and driveway safe for the clients coming to your home? Particularly in the winter months. Is there space for parking, either on the property on the street nearby?
  • If you live in a rural area, are you able to have an internet connection that is suited to running your business?
  • If you have a product based business, is there enough storage space to accommodate your business’ needs?
  • If you must renovate to accommodate your home-based business, how will that affect the future value of your home?

 Zoning and By-laws

Permits and Licenses:

Insurance:  Be sure you understand whether you may have to change your current home insurance policy, or obtain a new policy to cover liabilities associated with your business.

Tax Benefits:  It is a good idea to get in contact with an accountant. They can help you take advantage of deductions available to small home-based businesses, and ensure you are collecting and remitting HST/GST properly. 

In addition to all of the considerations mentioned above, it is a good idea to speak with a lawyer to ensure that you are complying with by-laws, zoning, and labour laws. 

Do you have questions?

If you questions related to this topic we'd be happy to help.  You can call us at (902) 826-3070 to set up a meeting or contact us online.  You can also schedule a no commitment Issue Review Consult for $100+HST where you have the opportunity to explain your situation to a lawyer and get basic advice before deciding whether or not you'd like to retain us.

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