How to Start a Business in the Middle of a Big Move
Moving and starting a business can be a stressful task, especially if you’re making a move to a new city. Living in an unfamiliar place can be overwhelming, and when the process is coupled with the stress of starting a new business, you may not know where to begin. The good news is, there are many resources available for budding entrepreneurs who are ready to make a move.
Prepare to Buy a Home
Before you move, you want to find the perfect home for both yourself and your business. Consider location, size, amenities, price range, and other factors that might influence your decision. You should also research local zoning laws that may affect where you can locate your business or what types of businesses are allowed in certain areas. Once you have narrowed down your search, visit each property in person before making any decisions.
Once you’ve found the perfect home for both yourself and your business, it’s time to start the homebuying process. It’s important to get pre-approved for a mortgage. Negotiating offers and contingencies should also be considered, as well as scheduling inspections and appraisals, obtaining insurance coverage on the property, and signing closing documents.
It’s a lot to think about, so find an experienced real estate agent with local knowledge. The team at Castle Gate Real Estate Group can help you through the process, whether you’re buying, selling, or even renting.
Consider Renting to Save Money
Renting, at first, maybe a better option if you’re just starting out with a new business venture or don’t have enough money saved up yet for a down payment on a house. It also allows you to save money over time while feeling out from different neighborhoods. Be sure to review our online rental listings carefully so that you can find exactly what you’re looking for in terms of size, amenities, and price range.
Register Your Business
Registering your business as an LLC per state regulations is important when starting a business. An LLC gives you the flexibility to manage your business without having to worry about personal liability if something were to go wrong. It also provides added tax benefits and asset protection for business owners. Take a look online at your options for formation services that can help with the process, keeping in mind that every state has its own rules about LLCs.
Additionally, be sure to apply for an Employer Identification Number (EIN) from the IRS. An EIN is a unique, nine-digit number that identifies your business and helps to ensure it runs smoothly. It’s important for filing taxes, opening a bank account, and more, making it crucial for any successful business launch.
Update Your Contact Info
If you’re relocating a business, it’s important to update contact information on websites and social media so customers know how to reach you for inquiries or orders, as well as how they can get help if they need it. Also, update your physical address on Google Business.
Moving while running a business requires a great deal of organization. Consider this tool when you need to gather all of your most important paperwork before the move — this allows you to merge multiple PDF documents into one, so you can stay organized and manage your documents securely without any extra cost.
Starting up a new business while moving can be challenging, but it can also be an exciting opportunity. To make the transition smoother, use the resources available to you, from LLC formation services to PDF tools to our team at Castle Gate Real Estate Group. Call 704-533-9387 today.