The three important aspects that you should take care of before starting a home based business are: 1.
    Insurance: Don't depend on your landowner's insurance to cover your business as well.
  Most policies restrict loss of business property to $2,500 and do not cover fatalities away from the home.
If your business involves clients coming to your house then the policy should cover injury sustained by a customer visiting your home office.
So make sure you get hold of business insurance apart from your homeowner's policy or, if the insurance company offers it, take an additional policy as a backing to your present policies.
This type of extension, where present, can be as low as an additional $200 or so yearly.
2.
    Tax Issues: One expense you should certainly factor in is accountant's fees to arrange your taxes.
  There are many home office tax deductions present; however they are examined carefully by the IRS so ensure you get professional help in this region.
The types of deductions available to the home business owner include a percentage of your housing costs and operating cost if you use a part of your home completely for your business; use of your automobile for business purposes; health insurance; and other  business-related publications; trade magazines postage; and capital equipment.
An effective way to save expenses on accountant's fees is to keep precise, structured and complete records.
  Keep your receipts prearranged so that once tax time approaches you can give over to your accountant in a good neat pack up.
In addition, do not hesitate to contact your accountant for recommendation if and when you have it in mind to take on employees.
A whole swerve of responsibilities goes along with hiring others in your business together with maintenance tax, social security benefits and workers' compensation etc.
3.
    Zoning: Be aware about Zoning.
Makes sure that whatever business venture that you are undertaking is allowed in your area.
Check with the various authorities in your municipal area and determine whether the things which you are doing are in sync with the regulations.
In case, you end up investing a large amount of money and efforts in a business which is not allowed in your zone then you will be in a problematic situation.
So, it is always preferable to understand the laws before venturing in any kind of business.