I am planning to start a concierge/errand service within the next year. Money will be tight. The company will begin as a sole proprietorship and will be home-based, no employees. I will have my AAS in accounting next May, so I think that I can handle the accounting stuff myself. For the type of business, I think that I will need insurance/bonding, but I was wondering if it would be okay to forgo this until I'm actually bringing in revenue. I definitely won't have the money for a lawyer, but I'm afraid that if I write contracts, releases, etc. myself that I will leave something out and put myself in a vulnerable position with clients.
So my question is can a start my business without a lawyer and insurance for now, or do I NEED to go ahead and invest in it? What can I do to protect myself on a shoestring budget (I'm talking tiny budget, $2500 max)
2007-08-05 18:00:03 · 2 answers · asked by Kasheia W 2 in Business & Finance ➔ Small Business
If you are running errands in your own car your car insurance will need to be changed to cover commercial use. Liability to your clients may not be enough to need insurance, what can they sue you for? If you promise to pick up dry cleaning and don't what is the worse that can happen? I would wait a few months to get insurance to see if the company will be a success.
2007-08-05 18:07:55 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
I always refer people to Google.com - you can get allot of contractual stuff if you browse through the websites. Put in the type of contracts and take it from there.
Also just work out a good business plan, then do it over again! If you are going to make a living of it in the end you have to know business is not all money all the time. Show string budgets are usually what gonna catch up on you!
Best of luck to you!
2007-08-07 04:32:27 · answer #2 · answered by Anonymous · 0⤊ 0⤋