It’s well accepted that small businesses form the backbone of the United States and world economies. In recent years, no part of the small-business sector has grown as dramatically as home-based businesses, which now comprise 52 percent of all small businesses and annually contribute $300 billion to the United States economy.A survey of home businesses conducted in 2008 by the Cleveland-based Council of Smaller Enterprises (COSE), revealed that 79 percent of the surveyed companies had annual gross revenues in excess of $51,000. A report by the United States Small Business Administration (SBA) points out that 25 percent of home-based businesses had an annual gross income of between $100,000 and $500,000, and in 2000 there were 20,000 home businesses grossing more than $1 million.Many successful home businesses have never moved away from their home base, while others, such as Lillian Vernon, Hewlett-Packard, Apple Computer, Google, Bonne Bell, and Xerox began in the founder’s home, garage, or basement and grew into mega-corporations.The COSE survey found that home-based businesses create jobs beyond just employing the owner. Almost one-half had at least one employee, and 17 percent employed three or more workers. The survey revealed that most home-business owners are dedicated people who enjoy the benefits of working from their homes and want to continue to do so, dispelling the myth that running a home-based business is a stopgap measure until one finds a “real” corporate job.Until just a few years ago, there was a stigma attached to home-business owners. The sense was that the businesses were temporary or “play” businesses. But with the proliferation of both virtual employees and home businesses, such biases are seldom heard today.Practically any kind of business can be operated from a home – if the house is big enough or the business is small enough, and providing that local regulations permit it. I have consulted with single practitioners sup-plying consulting services, with photographers with in-home studios, with printers running presses in their basements, with light-bulb distributors whose garages are full of inventory, with a garment manufacturer staffed with almost a dozen people working in her basement, and with companies whose offices are in the owner’s homes but which have plants or warehouses in industrial parks.Whether you are expanding a hobby into a business, starting a consult-ing service, or want to establish a manufacturing or distribution operation, operating your business from home can provide a lifestyle that will be the envy of your friends.For an ambitious young person, an employee weary of punching a time clock, a worker who has lost a job, or a retiree seeking a second career, the lure of entrepreneurship can be mighty tempting. The lowest risk way of starting a business is at home which can often be accomplished with just a small investment. What is required is a marketable idea fueled with passion and nurtured by a dedicated and determined owner exercising good business practices.
Real Estate Law – The Deed Document
Though deeds vary from state to state, all deeds contain basically the same information. The names of the grantor, the words of conveyance, name of the grantee, consideration of statement, property of description, the agendum, the signatures and certifications.
Each section communicates the important information about the nature of the parties or the property or the transaction. Since the deed is the heart of most real estate transactions, it must be scrutinized carefully by both the buyer and there seller, if they’re to protect their interests. The person giving up ownership is the grantor.
Then the person receiving the deed is calling the grantee. The name of those exciting the deed as grantor appears first. These persons must be the owners of the estate conveyed on the order that interest to pass.
The words of conveyance generally determine which promises or warranties the grantor makes to the grantee. When the words “warrant and convey” or “grant and convey” are used, this indicates the grantor promises or warrants the following:
1. That the grantor owns the estate transferred and will pay the grantee for his or her injury if it turns out that the grantee doesn’t receive the state described in the deed.
2. There are no liens, easements, leases, mortgages or other encumbrances which bind the grantee other than those disclosed in the deed.
Deeds of this type are generally called warranty deeds or grant deeds. They are the kind that are most used today. The other major type of deed is called the quitclaim deed. The words of conveyance, for it often included the word “quitclaim.” This deed merely transfers the grantor’s ownership, if any. No promises or warranties are implied in the deed.
If a professorship gave a student a warranty deed to the school building in exchange for $10,000 the student could sue and recover the money if it turned out that the professor did not own the building. If however, a quitclaim deed were given, the student could not recover the money.
Quitclaim deeds are often used to remove “clouds on title.” For example if a divorced man sold property and then died and the buyer feared that the man’s ex-wife might have a dower claim. The buyer could ask the ex-wife to execute a quitclaim deed. She might sign–perhaps in return for $75; but her lawyer would surely advise he to not to exude a warranty deed because she is not to certain that she owns any interest in the property.
My 10 Best Home Based Business Ideas
Yes, ladies and gentlemen, the times they are a changing. More and more people are finding a need for cash to support there ever increasing lifestyles. Combine this with an uncertain economic situation and the need to generate an additional income comes to the fore. To combat this situation an increasing number of people are starting and running a business from home.A complete list for a home based business would be endless. The 10 best home based business ideas contained within this article, are those considered by the author due to them being popular, competitive, relatively low start up costs and providing the ability for growth.1. Online business
As one of the 10 best home based business ideas, the list for an online business is possibly limitless. However, consider some of the following: Trading the financial markets, affiliate marketing, network marketing, eBay selling, web design and desk top publishing, to name but a few. Due to the popularity and accessibility of the internet more and more people are able to so.2. Franchising
This involve different types of business arrangements. Perhaps the most common type involves buying a licence to sell a product in a particular geographical region. An example of franchises are carpet cleaning, printing and retail franchises.3. Consulting
This will involve a specialised skill set. For example engineering, accountancy, teaching a school or university subject. This could be done from home or may involve travelling to the home of your clients. Alternatively, you could visit businesses and assist them in some specialist area.4. Home health
Visiting elderly people in their own home and providing non medical assistance, from shopping to cleaning. More and more elderly people want to stay in their homes. So as one of the 10 best home based business ideas, you would be providing a valuable service.5. Fitness coach
For this you would have to travel to visit your clients at their home or in a corporate setting, that is, at their place of work. You could work together with a hair and beauty consultant, fashion expert and a nutritionist and sell a complete package to your clients.6. Use a Previous skill set
Make a list of previous skills that you acquired during your working life and apply those skills for the basis of one of the 10 best home based business ideas. For example if you were a mechanic you could look at a business of repairing cars, lawn mowers or household appliances. As a mom your organisational skills would be very good, so look at party or birthday planning or event organising.7. Specialized Coaching
Specialised knowledge is required in every business and as a consequence, in areas such as life, relationships and business coaching are available. As in any industry new markets open up, providing opportunities to those aware of the changing conditions. Remember that being a coach is a people business and good communicating skills are absolutely necessary.8. Internet based teaching
Provide teaching over the internet. This should be a must for inclusion as one of the 10 best home based business ideas. Reason being, with sky high fuel costs and limited employee time, many companies today have turned to web based learning for education and training of their workforce. This could take the form of you producing videos about how to play chess to teaching cosmology or teaching leadership to senior management. The sky is the limit.9. Outsourcing
As a business becomes established it can be more profitable to outsource even the specialised tasks. Having outsourcing as one of the 10 best home based business ideas, you will be in a solid position to take a share of this market. If you specialise in a business function such as sales, marketing or accountancy (to name but a few) offer these skills to the business market, both large and small. You could act as an outsourcing broker and find people to do the work for your clients and take a percentage of the fees.10. Property acquisition consultant
You could do a variety of things with property consulting as one of the 10 best home based business ideas. As a property consultant you would find residential and commercial properties for individuals and large corporations alike. You would not need specialised knowledge but you would need to enter into an agreement with your clients and the guidance of a solicitor would be advisable.