| Protect your Assets | | | | See An Accountant |
| If you make your own candles and you want to | | | | If making and keeping a set of books is something |
| become a business here is what you must do before | | | | your not very good at an accountant can help you set |
| you sell a candle. Even if this only going to be a part | | | | up your business properly and together provide a |
| time business you should realize you are vulnerable to | | | | detailed plan of how to handle all the transactions, |
| action lawsuits for a number of reasons. You are now | | | | expense involved and how to set up a balance sheet |
| a manufacturer and you come under laws that govern | | | | and an income statement. and don't forget...taxes. |
| any kind of manufacturer no matter how big or small. | | | | An Insurance Agent |
| See your lawyer and form a small company. As a | | | | See an insurance agent that specializes in corporate |
| registered company you protect your personal assets. | | | | insurance. The agent can advise you on what kinds of |
| Any claim against you will be against your company | | | | liability you need to insure your business for. This wont |
| only, all your personal assets including your house or | | | | be a big issue when your company is small but as it |
| investments are protected against claim.. There is an | | | | grows you need to have an insurance policy to |
| expense involved in becoming a registered company, | | | | protect you and your investment. |
| however,the cost is minimal compared to the cost of a | | | | A Small Business Plan. |
| lawsuit. The last thing you want is to end up in court | | | | A business plan will allow you to plot your progress |
| owing thousands of dollars, or more, because | | | | and define goals, to work ahead of yourself and help |
| someone has sued you. | | | | keep your business on track. A business plan defines |
| Secondly, a lawyer can advise you on the legal | | | | your business, for instance, when you want to expand |
| aspects of your candle home business, you are now | | | | you will know what is involved and have the cash to |
| classified as a manufacturer, and you have to be | | | | do it. There is a lot more and you can find more |
| compliant with corporate law. If you have a unique line | | | | information on your candle home business at my |
| of candles you may want to look into a trademark | | | | website. |
| protecting your name that identifies your brand. | | | | |