Watson International
[google-translator]

Blog

How to Find Success With House-Flipping

Flipping properties for profit can be a lucrative business if you’re knowledgeable about the process of renovations and repairs. The key is to educate yourself on what you need to look for in a fixer-upper, how to calculate a budget, and how to tell which renovation tasks are best left to the professionals.

Know What You’re Looking For

A major factor in your success as a home flipper will be your ability to find a property with great potential that may not look like it at first glance. It will also be essential for you to understand what you should stay away from. Many flippers choose fixer-uppers that need a lot of work because they are less expensive than the other options, but this also means you’ll likely have major repairs on your hands that will inflate your expenses. Not only that, you may get stuck with a house that has structural issues, which can be extremely difficult to fix. Do some research on what you’ll need to look for, and be sure to add a bare minimum of 35% to your budget to account for costly, unforeseen repairs to the electrical work, plumbing, or HVAC system. This will also come in handy should you come across mold or insect infestations.

Make the Right Additions

While knowing what to look for is crucial, it’s also important to know what buyers will be searching for when they’re touring properties. Updating the kitchen is a great way to draw interest, and this can be done without breaking the budget by adding laminate flooring, a do-it-yourself tile backsplash, or an attractive range hood to the stove that will ventilate grease, smoke, and odors. These are great examples of updates that won’t put you over budget but will make a big impact on potential buyers.

Explore Your Funding Options

Once you know what kinds of changes you want to make to your property, you’ll have a good idea of how much funding you need. Buying in cash is always ideal; it enables you to get a better value, spend less time under contract, and carry zero debt during your renovation process. Taking out a loan can be a complicated process, so if you have not saved up enough capital to buy in cash and insist on taking out a loan, prepare as much as possible by boosting your credit score and getting all the relevant paperwork together. There are several loan options available and they may vary according to which state you live in and whether you’re a first-time homebuyer, so explore every avenue before making a decision.

Grow Your Business

Property flipping is a business and should be treated like one from the onset of your venture. Forming an LLC, S-Corporation, C-Corporation, or other pass through entity can provide tax benefits while protecting your personal assets in the event of litigation, but you’ll also need to consider what your operating agreement will be. This document will be shared with the state and will establish how you’ll run your business, but it will also prevent costly misunderstandings by clearly stating the duties and obligations of both yourself and your partners.

Buying a property in order to fix it up and flip it is a big decision, and the process can be expensive and time-consuming if you’re not well prepared. Do your research, arm yourself with the right resources and tools, and get the help of pros for certain tasks to avoid any issues.

 

Author: Kelli Brewer, DeployCare

How to Install a Sports-Centric Backyard With Ease

If you are one of the many who purchased second and third homes with lots of land in rural and suburban areas in the Covid era, you may be considering the many ways to utilize your newly found copious outdoor space. Installing your own sports-centric backyard is a noteworthy achievement, especially if you’ve managed to make it as extreme and as thrilling as possible. But what if you’re only in the beginning stages of considering it? Here are some helpful tips on how to get started.

Permits may be required

If you are planning on making your outdoor playground as special as possible, then you’ll probably requirepermits to have your bike track or go-kart track installed.

Check with your neighbors

If you are thinking of installing a noisy dirt bike track in your backyard, then it would probably be best to check with the neighbors first to see how they feel about it before you go ahead with the project.

Check how much space you’ll need

Suppose you’ve gotten the necessary approvals as far as your neighbors and permits go, you’ll also need to check that the space you have is sufficient for building on and that there is enough space between the tracks as well as length-wise if you are intending on building a dirt bike track, for example.

Check the drainage

If you are planning on building up in terms of piling layers upon layers of soil on top of one another, you’ll need to check that drainage doesn’t become an issue. This could result in muddy, waterlogged soil that could even be unstable in places if left unchecked. This is where a professional grader’s services can come in handy to ensure that the soil has been layered correctly with proper drainage to allow water to drain correctly.

Repairs and maintenance

If you notice during your project that your paving requires repairs, then it might be a good idea to have this done before you start hosting backyard gatherings to celebrate your new backyard sports installation. Obtain quotes from reputable more than one concrete contractor. Furthermore, be sure to read up on reviews to ensure you’re making the right ch

Pay attention to the lighting

Indeed, you’ll also need to pay attention to the type and quantity of lighting to be installed in your background sports ground. However, this can be quite a complex and technical task that you can get more insight into by reading case studies regarding lights for football stadiums, for example. Moreover, it should help you understand what the ideal lighting should ideally be for a large outdoor project versus a smaller one and what lighting should be used indoors versus outdoors, etc.

The benefits of starting your own extreme outdoor project

Of course, creating a sports-centric outdoor project, whether it be a basketball court, a climbing wall, or a go-kart track, has its advantages, including the most obvious – not having to pay to enjoy your favorite extreme sport; having the opportunity to perfect getting really good at it, as well as getting to experience that sense of accomplishment that comes with building something of this magnitude on your own terms.

Building out your dream sporting backyard is sure to be a project that requires careful planning, especially concerning safety, and having ample lighting will make it successful no matter the time of the day or night.

Author: Danny Knight, FixItDads

How to Make Room for Your New Business in Your New Home

While living in a home is one thing, operating your business from home is another thing altogether. For one, you’ll probably need to have a larger property to separate your business from your home life. But there are other considerations to think about too. So, if you are planning on moving, here are a few tips to help you make room for your new business in your new home.

Selling your property and buying another

First, you’ll need to concentrate on selling your existing home (unless you plan on owning two or more properties) and getting the best price for it. You’ll also need to consider the housing market and whether your property is likely to stay on the market for long or sell quickly, as this will impact your moving timeline.

Estimate what your new mortgage will be, or better, plan to buy in cash

Purchasing properties in cash is always ideal. But, if purchasing in cash is not possible for you and you have no choice but to finance a property, before you decide on a home, it is best to estimate the cost of your new mortgage. To do so, you could use a mortgage calculator to help give you an indication of what this would be. Then it’s about concentrating on getting pre-approved for a mortgage loan ahead of time so that you can rest easy knowing that you have the funds available to purchase a property to your liking.

Think of a wish list for your new property

When deciding on your new property, you should ideally take some time to think of a wish list for your new home, as you will have to consider your business’s requirements too. For example, having a home with two separate entrances and exits might be helpful if you don’t want clients making their way through your home to your home office. Furthermore, you may want to think of having extra parking bays and an additional guest bathroom for clients when they are visiting, etc.

Making the necessary arrangements

Suppose you are planning on moving out of state, and you want to find out what registering your LLC in a new town would entail, then you could opt to use the services of a formation company to help you with the legalities of such a move.

Marketing your new business

Of course, you will want to get the word out there that there is a new business in town and how people can go about finding you. Facebook ads are an excellent tool to use if you want to place a quick advertisement online, notifying people in the area that you have a new business you want to introduce. Furthermore, you can create a Facebook ad quickly and easily with a Facebook ad maker that you can customize even further with your unique brand logo, colors, styling, fonts, etc. You could even put up a YouTube video, for example, highlighting what’s to come in your new location. Furthermore, you won’t be shy of an audience should you decide to use YouTube to market your business, as this marketing platform receives nearly 30 million visits daily.

Indeed, finding a home for your new business will be quite the journey. However, it’s not impossible to find a property that will suit you and your business to a tee. Besides, a change could be what your business needs to grow exponentially, especially if you’re willing to put in the marketing efforts to make it even more successful.

Author: Tina Martin

5 Tips for Planning a Successful Move to a Big City

Image credit: Pexels

The excitement of moving to a new city can quickly become overwhelming when you think about everything you need to do to prepare. The best place to start is to get organized and create a plan. These tips can help you pull off the start of a new life successfully.

1. Do Your Research

To adjust more efficiently, learn as much about your new home as possible before you move. Do research on the cost of living and the quality of life in the city. Do you plan to have a family or already have children? You’ll want to know what resources are available for them. Consult with a reputable real estate professional. They can help you find the perfect place and save time you might waste searching for a neighborhood you wouldn’t enjoy.

2. Consider Starting Your Own Business

Think about starting your own business. One of the benefits of moving to a big city is the power of a larger, more diverse population. If you have a niche hobby you could turn into a business, you may finally have an audience to make it lucrative. Before you commit, be sure to create a business plan that includes everything about your business. Talk about the services or products you will provide, how you plan to structure the business, what funding you will need, and what your financial projections are for potential investors — or better yet, simply be your own backer and take on no debt.

3. Budget for the Move

Make your move as easy as possible by planning ahead. Budget for a moving company. A full-service company will save you a significant amount of time by packing, loading, transporting, unloading, and unpacking your things. You can spend the time you save focusing on your new business and researching your neighborhood. Additionally, proper budgeting can help you avoid overspending. The cost of living is typically much higher in an urban area.

4. Plan to See Some Attractions

Work in some self-care during your move by doing some sightseeing. For example, you can’t go to New York City without taking in a game at the famous Yankee Stadium. You don’t need season tickets for the Yankees; it’s easy to find tickets at discount prices online. Simply filter your search using the date, price, and seat rating selections to get the tickets that fit your budget. You can even see the view from each ticket using a 360-degree in-seat virtual seating chart. Don’t forget to check out Central Park and the Brooklyn Bridge for some stunning photos.

 

As you adjust to life in the big city, remember to give yourself flexibility. You may have days when the changes seem to overwhelm you. However, if you maintain the understanding that those feelings will pass, you can stay on top of your emotions and enjoy your new home.

Author: Julia Mitchell, Outspiration

 

Your Guide to Laying Down Roots in a New State

The decision to move to a new state can be both overwhelming and exciting. The great news is that if you’re considering a big move or even starting your own business in a new place, you’re far from alone. The global pandemic has caused a big surge in changes in the careers and lifestyles of people all over the world. Below are a few tips to consider if moving to a new state and, specifically, if you plan to start a new business.

Become Part of the Community

Even if your business will be run online and won’t have a brick-and-mortar shop, the truth is that being affiliated with your local chamber of commerce, or Rotary Club, and having a reputation for sponsoring local events, is an ideal way to build brand loyalty at the local level. Calling ahead and letting people know you and your new business are coming to town is a great way to start your new life.

Not only will your direct involvement with the locals mean you have a place to turn for events like a grand opening or online reviews, but establishing your business and being known for a certain service or product will also lead to making new connections that could be mutually beneficial to you and other business owners. When meeting with key players, be sure to share your business plan that includes details on the structure of your operations, your mission, and your services. You’ll also want to think about funding sources and financial projections ahead of time for a better chance of success.

Identify Key Services and Costs

When moving to a new place, it’s a smart idea to identify services you’ll need ahead of time. From finding a reputable moving company to creating a list of companies like appliance repair service providers, local contractors, and HVAC professionals, you’ll be in better shape if you know who to call in case of an unwelcome surprise. Especially if you plan on doing home or home office renovations, having key contacts on hand before your move will take the stress out of your transition.

Be sure to also research the cost of living, which includes things like real estate, education, and entertainment, before your move. If you’re moving to New York, it’s important to know that the median home value is around $878,000. Obviously, the price will fluctuate based on where you look at properties.

Find New Medical Services

Moving to a new area means finding new doctors across the board for your family. This isn’t terribly difficult, but it can be tedious. Especially when you’re first getting established. Your insurance will be able to point you toward local providers who are in network, but often it can take several weeks to get an appointment.

If you need to connect with a doctor before you’re able to meet with a new GP in person, consider telehealth as a viable alternative. With platforms designed for virtual visits, you can make your next doctors appointment online, and often book a same-day visit with a board-certified physician. This ensures you can meet with a doctor to discuss any issues or prescription needs from your computer or smartphone. It’s an ideal option until you can establish regular local care.

Peace of Mind

Whether you plan to move to a new state to retire or hope to open a new business, identifying key services, engaging with your new community, and finding medical care are all great ways to have a stress-free transition.

Living the Dream: Bring Your Pets Home To Florida

Image credit: Pexels

Moving to Florida is a dream for many people. As you embark on that dream, keep your furry family members in consideration. You can bring your pets to your new home with minimal trouble.

Options for Pet-Friendly Real Estate

As you think about your move to Florida, find ways to welcome yourself and your pet to a new state. Your first point of contact should be a realtor and a doctor. Additionally, you may want to look up veterinarians in advance. Call local vets over the phone to find one that suits you and your furry family member.

If you come from a climate unlike Florida, then research the climate. You have to contend with fleas and mosquitos all year round. Fortunately, preventative measures help you handle the different climates and your pet.

Seek real estate that you can see your pet living in. For example, if you have large dogs, you may want a property with a large backyard. Consider talking to your real estate agent about bringing your pup to home viewings, if possible. According to the experts, you must ensure your pets will be safe in your new home. Make sure you have shelving in your new garage to store all high chemicals away from your pets. All electrical wires should stay out of reach of pets; additionally, keep covers on all air vents.

Insurance for Your Animals

Before moving, purchase pet insurance in Florida. Pet insurance helps lessen your burden when it comes to medical bills for your pet. To determine which plan works for you, evaluate different types of coverages. Check the deductibles, premiums, and maximum ages the insurance coverage handles. You should also assess sample quotes and reviews.

Resources To Alleviate Pet Anxiety

When moving, keep to a strict plan. Animals are sensitive to changes in their routine. Dogs and cats may become more clingy during the moving process. When moving out of state, you should make arrangements far in advance. For example, make road trip plans or flight arrangements so there is no stress beforehand. Many flights require paperwork to bring along. You may also want to have vet records on hand in case of an emergency on the road.

Stay calm and upbeat during the move. Your pets pick up on your emotions. Make sure you spend as much time as you can leading up to the move with your pet. Unwind by going for long walks with your dog or having extra playtime with your cat. Before the move, make sure you desensitize your pet to the car. Slowly introduce the pet to the vehicle and give plenty of rewards and praise.

On the ride, consider an anti-anxiety jacket for the dog, along with favorite toys and blankets. Dogs tend to calm down when they have familiar things around them. There are calming pheromones and other supplements for dogs and cats. To feel more comfortable with products, look for reviews. Customer ratings make great resources, but you should feel more comfortable with veterinarian reviews. Not only can you feel more confident in the purchase, but you know the products will keep your pet healthy and safe. Always look for websites that offer reviews on products from animal pros.

Regarding moving, you need to ensure that your pet arrives at your new home safely. You can ease your pet’s anxiety by making plans in advance. Additionally, ensure you have pet insurance to help with vet bills once you reach your destination.

Author: Suzie Wilson, Happier Home

How to Insulate Your Construction Company Against Financial Hardship

As the economy follows its cycle of ups and downs, your New York based construction company might sometimes feel a financial pinch. The New York local government put a major strain on construction companies for the last several years, using the Coronavirus pandemic as en excuse to limit or at times wholly disallow businesses from operating. If the lengthy local government restrictions taught us anything, it has taught us that we need to live in preparation that the local government at any time can easily threaten our businesses. You can minimize financial struggles during economic downturns and goverment directed closures. Read on to learn what you can do to insulate your business against financial hardship.

Reorganize Your Company

First, you might look at how you organize your construction company. If you are currently registered as a limited liability company (LLC), consider reorganizing as an S-corporation to take advantage of tax benefits. As the owner of an S-corporation, you will not have to pay self-employment tax, which can save you money. Formation can be tricky, and rules vary by state, so do your research. You should always hire an experienced business attorney and CPA to consult with and assist you.

Improve Your Estimates

You should also strive to improve your job estimates. The closer your estimate comes to the actual expenses for a job, the better you will be able to plan and take advantage of stronger profit margins. Use construction estimating software that’s well-reviewed to make your estimates more accurate. These will allow you to account for labor and material costs, email estimates to customers right from the job site, and create a convenient payment schedule that might even help you receive your money more quickly.

Market More Effectively

Your business will be more stable financially if you can draw in more customers. To do so, you must market more effectively. For instance, look at your website. Customers should understand who you are and what you do. You might create an eye-catching banner to help. You can do this easily by using an online banner maker. Choose a template and customize it with your text, logo, colors, and font. You can even add a brief video or fun animation. Also, use social media to your benefit by creating pages for your company and updating them with interesting information.

Cut Costs

Sometimes, you may have to cut costs to keep your company afloat. For example, you might need to put off buying new equipment or consider leasing it instead. Also, talk to your suppliers to see if you can get discounts or bulk rates on materials without sacrificing quality. Manage your materials well to eliminate waste and ensure your employees are working efficiently and not wasting time on the job site. Reexamine your business processes, too, and streamline them to save some money.

Revamp Your Invoicing

Finally, ensure your customers are paying you on time and in full. To do this, you may have to revamp your invoicing routine. Your customers will not pay you unless they receive detailed, clear, and timely invoices. Try invoicing software designed for businesses like yours that lets you enter data and create invoices to automatically email to customers. You can set up reminders through the program as well.

Keep Your Business Strong

You can insulate your business against financial hardships. Keep your business financially strong by following some of these tips.

Author: Janet Lovelace

The Budget-Friendly Guide to Picking a Housewarming Gift

There are few milestones more powerful than when someone buys a home. Not only does it signify a new stage in financial security, but it’s also the start of setting down roots and defining your own environment. The housewarming gift is a longstanding tradition that allows you to celebrate this stage alongside your loved ones.

However, it can be a little intimidating to try and find a good gift for the new homeowner when you’re on a budget yourself. Fortunately, there are plenty of wonderful ways to offer someone a congratulatory present without breaking the bank.

Go Shopping

The first place to start when it comes to finding an affordable gift for your loved one is to do your research. Kitchenware, linens, even decorative gifts at department stores can come with some sticker shock, especially when you want to get your loved one something high-quality.

You can keep your eye out for deals at major retailers to find great products at a more affordable price point. You can also sign up for email alerts to get a notification when they’re running specials and sales.

But, don’t forget that there’s a whole host of traditional housewarming gifts that can come without a hefty price tag, like bread, rice, or a bottle of wine. You can also see what Amazon and Etsy have to offer in terms of housewarming gifts.

Of course, if you have a little money to spare and you want to splurge on more high-tend items, there are a wealth of places you can explore. Stores such as Bergdorf Goodman, Neiman Marcus, and Saks Fifth Avenue offer incredible high-end items that can make your housewarming gift remarkable and unforgettable. If you want to take it one step further, you can look for items from Lalique, Hermes, Frette, Waterford, and Armani Casa, all of which are sure to help make this event truly special. This could be a good time to organize a group gift, which we’ll explore in more detail below.

Organize a Group Gift

It’s not uncommon to give new homeowners a high-ticket item like an appliance. However, this kind of expensive gifting isn’t exactly accessible to everyone. One way to make this type of gift possible is to organize a group gift. This is perfect if you have a family member or a member of a large friend group. If you can get enough people in on the present, you can make a high-ticket item extremely affordable for everyone.

It’s easy to get intimidated by the organizational aspects of this type of gift, but the process isn’t too challenging if you take it one step at a time. First, see how many people you can find who may be interested. Make it clear that no one’s committing yet — you’re simply gauging interest. Then, do the math to see how much the appliance would cost per person if everyone did commit. Present these numbers and try to get confirmation, adjusting as people agree or back out. It can be a lot to keep track of, but it’s well worth it if you can manage to get someone a spectacular gift without spending a ton.

Create a DIY Memento

Making a gift for your loved ones can be an affordable and deeply intimate way to congratulate them on their new home. For example, you could make them a piece of monogrammed wall art, or a wreath they can hang on their front door. According to Architecture Art Designs, there are tons of DIY projects you can find online that suit any skill level. Try to pick something that reflects what you know and love about the person you’re giving the gift to. The work you put into a DIY present goes the extra mile to show how much you care. Plus, whenever they see the piece of art you made, they’ll think of you.

Tell A Story

We don’t really have to stick to the rules when giving someone a gift, as long as you mean well, and are thinking of the recipient. You can give them a book, and tell them that you’re thinking of them enjoying reading it on a quiet day in their new home. You can give them a decent pair of headphones, and say that you can imagine them listening to 80s music while relaxing on the couch. As long as you tell them a story of how you see them using your gift, they’ll appreciate the thought and your gift.

Pretty or Pretty Practical?

The giving of practical gifts is often underrated, but new home ownership – especially for first time buyers – can be a great time to be practical. Instead of giving art or trinkets that may or may not fit the new home owners’ sense of style, give them a few quality tools or a cleaning supply kit.

Or maybe you want to just give them something beautiful for their new home. Hard to kill houseplants from a site like Easyplant, or flowers from your local florist, can be a great option if you know the person well. Another option is to avoid the potential allergens and go with a delicious FruitFlowers flower delivery they can snack on while unpacking. Even gift cards for practical home improvement stores will be much appreciated when that first leaky faucet or broken outlet emerges. Never underestimate the practical gift!

It’s easy to assume that housewarming gifts must be expensive, but it’s far from the truth. Congratulating someone for their new home doesn’t have to break the bank. We hope these thoughtful, yet budget-friendly gift ideas inspire you to find the perfect (affordable) gift for your loved one!

 

Image credit: Pexels

Author: Judy Mitchell, outspiration.net

Welcome Home to Your New State

When you relocate for work, whether it’s with a company, you’re moving your business or starting your own business in a new state, you’ve got a lot of homework to do. One of your best resources for learning the information you need to make informed decisions is through a real estate agent from that area.

Your First Points of Contact, Including Your Realtor and Online Doctor

If your planned move takes you to the New York City area, real estate experts can guide you through the best neighborhoods for your home and business. He’ll have the insight into properties that may not have come to the market yet, can help you negotiate the best price, and help you find all the local resources you’ll need to make your move as effortless and stress-free as possible.

According to World Population Review, about 8.2 million people call New York City home, making it the largest city in the U.S. The median purchase price for a home is approximately $1.4 million in Manhattan. NYU Furman Center notes that over two-thirds of the population rent their homes. Entertainment, the dining scene, and attractions there are legendary, and the population is one of the most diverse in the country.

As you’re moving from another state, you’ll want to be intentional about getting a new doctor for you and your family. In this regard, a virtual doctor visit saves time, before, during and after the move. Telehealth makes it possible to find online doctors, allowing you to connect with board-certified physicians to discuss everything from treatment options to filling or refilling prescriptions, even before you move. Plus, it’s covered by most major insurance providers, giving you additional peace of mind.

Home Purchase

Purchasing a home in New York is a huge investment, as it is in any city you might want to move to. Home prices are on the risealong with business properties, so take the time to make sure that purchase or lease is in your best interest. Here are some key factors most homebuyers consider when choosing a home.

  • Location. Location is the one thing about your home that you cannot change, and therefore should be the single most important decision you make when buying a home.
  • Price. It’s easy to get starry-eyed when we find a home we absolutely love, so make sure you have a firm top-end price you know you can afford and stick to it.
  •  Schools. Even if you don’t currently have school-age children, keep in mind that one day might, future home buyers, should you decide to sell later, will factor that in.
  • Taxes. Property taxes vary from county to county and can be significantly higher or lower even when they’re not that distant from each other geographically.

After purchasing a home, you’ll want to gauge what items you may need to make your new home meet your needs and your standard of living. This includes kitchen appliances, room accessories, and home gym equipment. For starters, home product reviews are helpful as you research what’s available online. Of course, purchasing products to outfit your new home is easier than ever thanks to online delivery from virtually any retailer or manufacturer, which means delivery and installation can coincide neatly with move-in day or soon thereafter.

Protect Your Investment

Once you purchase your home, it’s important to protect yourself from unforeseen or unexpected repairs. Homeowner’s insuranceonly covers damage to your home’s structure, theft of belongings, and injuries that happen on your property. If you want coverage in case home systems or appliances break down, you’ll need to invest in a home warranty, for which home product reviews are helpful. This is an annually renewable contract that can cover breakdowns to your heating, cooling, electrical, and plumbing systems, along with covering appliance repairs. Before choosing a home warranty company, be sure and read reviews from others on their experience with the home warranty.

When you do find you need to hire a contractor for home repair, contact your realtor or talk to neighbors, but always be sure and read reviews and customer ratings before contracting with one.

Business Owners

If you’re considering starting a business in your new location, create a business plan to improve your chances of success. Your business plan should describe your company, detail how you’ll sell your services, describe how your business will be structured, and include what funding you’ll need and financial projections. You can hire a professional to write your business plan for you, or find an online template that can guide you through the process. Consider your business strategy and structure to give you the best tax advantage, like forming your business as an LLC.

Contact your local Chamber of Commerce for networking opportunities. Attend as many business and social events as you can to introduce yourself to your new community. By designing and printing your own custom business cards, you can be sure to have plenty on hand.

Moving to a new state can be exciting, you’re starting a brand new chapter in your life. Doing all your homework first means less stress and more time to get to know your neighbors, your community, and your new way of life.

Author: Jackie Waters, Hyper-Tidy.com

Why Choose New York City for Your Next Business Location?

If you’re searching for the ideal place to start a new business or relocate your existing business, then New York City might be just the city you’re looking for. From its ideal proximity to global markets to its access and attraction to talent, this article shares just a few reasons you should consider calling New York City home.

Quality of Life

A city’s events, culture, parks, food, education, and recreation opportunities improve your life and the lives of your employees. Holidify notes that New York City is home to a vibrant cultural scene that attracts large numbers of tourists and residents each year, which increases your company’s potential customer base and makes New York City businesses more attractive to talented employees. Here are a few of the city’s most-loved attractions:

    ● The Metropolitan Museum of Art
● The National 9/11 Memorial & Museum
● Central Park
    ● Broadway
● Madison Square Garden
● The New York Public Library

Education

Educational opportunities lead to an educated talent pool, which in turn leads to a powerful, knowledgeable, resilient workforce for your business. That’s why you’ll be glad to hear that New York City is home to Columbia University, New York University, City University of New York, and Fordham University among others.

Business Quick-Start Checklist

To start a business in New York City, you’ll first need to choose a corporate structure. A limited liability corporation, for example, offers liability protection, flexibility, and tax advantages together with reduced paperwork. LLC formation rules differ by state, so be sure to check New York’s regulations. An S-Corporation, C-Corporation, or Partnership may be better suited for your needs, so always be sure to consult with your attorney and CPA about which structure would be best for you.

Once you have your business filed with the proper channels, you’ll need a bookkeeping system to ensure you stay financially sound. It’s also a good idea to have your marketing materials prepared. If you do want to shell out for design services yet, you can still use a logo design maker to get started. You’ll be able to create a professional logo quickly and with ease.

There are many reasons to make New York the home of your next business venture. With so much to offer your company and your family, you can feel confident that New York City is an ideal place to begin your next chapter.

 

Author: Suzie Wilson, Happier Home