Running a business from home? Here’s what you should know
While running a business from a home may help a firm to save on costs, those who plan to expand their business in the future, should weigh their options before making this choice For many start-ups and small businesses, other than the operational cost, the real estate cost proves to be a major impediment in the intended growth. Thus, a number of small businesses are often run from residential areas. Consultants, advocates, doctors, etc., run their work from their homes. While converting a house premise into an office can help one to save on real estate cost, there are other permissions and expenses that one incurs while doing so. What does ‘commercial’ mean? Legally, consultants, advocates and doctors can run their business from their house. In a case filed under the Karnataka Shops and Commercial Establishments Act, 1961, the court had clarified that home offices run by chartered accountants, lawyers and doctors, will not be considered as a commercial activity as the ...