Chapter 4
Real Estate and Your Small Business
IN THIS CHAPTER
Understanding the pros and cons of working out of your home
Handling the finer points of leases
Determining when it makes sense to buy real estate for your business
Even if you operate your business in the virtual world of the Internet, you need a place from which to run your company. Many new businesses are started out of folks’ homes, but others require or benefit from space in an office building, retail center, or somewhere else.
What expenses you may or may not deduct on your small business tax return are a function of where you operate your company and also what business entity you choose (for example, a sole proprietorship, C corporation, LLC, and so on; see Chapter 2 for details on entities). And, of course, where you work can affect many important business issues, including the ease with which customers can find and patronize your business, the receptivity of employees to come work for you, the length of your commute, and so on.
In this chapter, I discuss the realities — both good and bad — of working from home and help you decide whether to work at home or seek outside space if those are options for your company. ...
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