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Work-at-home mom: take a deep breath and Do Life Different as you allow these devotions for work-at-home moms to fill the vacuum of your needy heart in the chaos of your busy world.
 
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Mar
01

Getting Your Ducks in a Row

By

Pebbles Jacobo, All Things VA bloggercarnival ducksIn my last blog post I discussed assessing one’s skill set. Life, whether as a mom or office assistant, may have equipped you with the skill set necessary to be a virtual assistant. If you want to take the next steps towards the goal of working from home as a virtual assistant, there is a lot of work to be done in getting your ducks lined up.

You see, anyone can put up a sign and claim to be a virtual assistant.  The right way would be lining your ducks up before scrambling to convince potential clients your ducks are lined up. A little extra research, planning and preparation will make all the difference in getting started on the right foot. My goal with this blog series is to guide you through setting yourself up as a virtual assistant using my experiences as a trail map, knowing certain pitfalls to avoid.

At this point you may think you are ready to put out that sign and start taking on clients. I thought I was, too. Personal experience has taught me that the more research and duck lining I do, the smoother the transition. You seen there are so many things to consider, including your business name, your business and tax classification (i.e.:  Sole Proprietorship, Limited Liability Corporation, Incorporation), what account your funds are paid into and so on. All this can be completed while you prepare your resume and portfolio.

Your business and tax classification are important. Many virtual assistants are too eager to get started and neglect this important step. To their dismay they end up paying a higher tax rate on their earned income than they had to had they done their homework ahead of time and such is the case if you don’t protect your business by making it official either as an Limited Liability Corporations or forming your corporation as Incorporated. There are many factors to consider. As you consider what to do, read up a little on the differences, in fact, here’s where you can get started:  http://sbinformation.about.com/od/ownership1/Ownership_LLC_Inc_Partnership_Sole.htm.

Once you have your business name and type in place the next thing you need to do is to open a business checking account. All transactions for your business needs to go through your business account and transferring from a personal to business account sends up red flags to the IRS that there might be some fraudulent activity going, so keep it legit.

Getting your ducks in a row will go a long way in setting up shop and getting you ready to put out that sign announcing your business for the entire world to see.

 

ABOUT THE AUTHOR: Pebbles Jacobo is the owner of A&P Virtual Enterprises, http://apvirtualenterprises.com, which she, with the guidance of her husband, started when she began  working from home as a virtual assistant several years ago. As Content Manager of the leading Christian work-at-home site online, CWAHM.com, Pebbles found herself thoroughly intrigued and fascinated with the world of social media. Her love of social media has grown over the years and she now offers social media marketing, along with a host of services, to her clients, which include speakers, authors and entrepreneurs alike.   This article is free to publish as long as the bio remains.

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