Working from home can be a lot of fun and quite lucrative but there are a lot of things that you need to know from a legal standpoint that will help keep you out of trouble. Things such as managing finances, paying appropriate taxes, and following laws that the IRS has created are all important things that you’ve got to learn.

One of the first things that you need to understand is whether you’re truly self employed or not. You can work from home and make all the decisions but still be associated with a company. Usually from the start you’ll be told whether you’re an independent contractor or business owner and you’ll have to sign some sort of form proving that you’re aware of your status. If you’re unsure whether you’re an independent contractor or not you can go on the IRS website where you’ll be able to find a worksheet that help determine if you’re self employed or not.

If you’re self employed you need to understand that you have to pay an income tax which is also known a self employment tax. Most people make these payments quarterly which is smart because you don’t want to have to pay a lump sum of money every March or April when you’re handling your annual taxes. The best thing to do, in my opinion, is to set up a corporate entity such as a LLC, S Corp, or C Corp. You should seek out an accountant who is familiar with small business rules and taxes.

Now most likely you’ll hire someone to take care of your taxes each year, but you still need to do a good job managing your finances throughout the year. The number one rule that you need to remember is that you’ve got to separate your personal finances with your business finances; this will be very important come tax time. Keep track of all business expenses and receipts.

If you have any further questions about laws and regulations surrounding small businesses I would suggest that you visit the IRS website. http://www.irs.gov

You have probably heard the many online opportunities that are opening everyday on the Internet and how many people are making their living online working in the comfort of their own home. However we also hear of so many scams and fake opportunities were people loss their money and even their shirt for investing so much money on things that don’t work or that are scams.

You should not be afraid of choosing a work from home and making your life the way you want it. What you should be doing is first getting your head straight on what do you really want to be working on. Do you want to work from home? do you want a stable income? do you want a business or a Job? Do you have money to invest? Do you have skills? Which are your skills?

If you can answer the above questions you are on the right path to choose the best work at home opportunity for you. Now the problem is where to look for the best honest and reliable opportunities. Its not easy to just do a research on the Internet and make a informed decision of what is worth and what not.

I have gone to this process of finding how to make money on the internet? and you know what? thats the wrong question. What you should be asking your self is do you want an Online business or a Work at Home?
Both are completely different options, the first one requires you to invest money and to work consistently for various months probably without earning a penny before you start seeing some return on your investment.

The Second Option of Work at Home actually mean getting a Online Job and this is a very nice way to start earning money from home if you need money now and you don’t have thousands of dollars to invest.

If you got any skills you can work from home offering your skills as a service to other people that needs them. Even if you don’t think you don’t have special skills, if you can type and write articles you can work from home and earn a nice income. how can this be? by being a Freelancer.