Friday, April 9, 2010

Insurance

Today has been a busy day. After leaving the bank I went to see my insurance agent. I had talked to him yesterday about getting liability insurance for my new business. Since the legal form of my business is sole proprietor, and not a limited liability company or a corporation, I thought it was especially important to have proper insurance. This is my first big expense for my business, but as it turns out it's less than $60 per month for my policy. It also gave me a chance to use one of my new business checks. It doesn't take long for a business to start costing you money. But so far it hasn't been too bad. Total cost of doing business so far, less than $700.

Since I've got my business license I have also started to keep track of the mileage I'm putting on my car for business purposes. Not that I needed it for the insurance, since my insurance agent is just across the street and my bank is just half a block away. I like walking whenever I can. In fact, the people at the bank know me as the guy who walks there whenever I need anything. They were quite shocked when I came in from the rain soaking wet a couple months ago. I want to keep my carbon footprint as small as possible and I plan to keep my cleaning business low impact.

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