What is important when I am looking for a business premises?
You should ask yourself the following questions when looking for business space:
- Will I be starting up in my own home? If you are going to work from home, you should consider the zoning plan: Most homes are within 'residential zones'. These are set out in the zoning plan which prohibits the establishment of a business in such a zone. Nevertheless, a home business may sometimes be permitted. For example:
- if the business is purely office-based
- if no clients visit the house
- if the business can cause no disturbance
if it is only a small part of the house will be used for business activities.
- Will I buy existing premises or have new premises built?
- Will I rent business premises? What obligations does rental involve? For which period will I rent?
- Which location is most suitable for my business?
- Which locations are available? What are their advantages and disadvantages?
What costs are involved?
Do I need some kind of permit or licence if I want to perform certain activities at a certain location? This can be found out by contacting the local tax authorities.
Will it be easy for my clients to come to my premises?
Is workforce available in the area when I need to hire employees?
Is the are safe? What about the crime rates?
Has the building charisma?
Are telephone and internet connections available?
Will the surrounding area change in the near future?
Also keep in mind that the costs related to a home office are not deductible if it doesn't have a separate entrance and it's own facilities like water and a toilet.