Small Business setup and concerns?

  • Thread starter Thread starter Jamaal E
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Jamaal E

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I'm a noob to small business with little to no knowledge about business (and no MBA) and I'd just like to ask a few questions:

1. What are the type of recommended business types for small business (corp, brick and motor, enterprise, ect)?

2. Consider I file my taxes as a dependent, how would starting a small business effect my taxes?

3. What are the considerable risks of starting a home based small business?

4. How many businesses can be situated at the same address? My dad already has a business I believe filed under our current address. Would there be a problem if I start one under the same address as well?

5. What are the differences between filling yourself as a business, and filling as a DBA? What are the benefits and drawbacks?
 
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