Renting or Buying a Business Location — 60 Second Business Tip

Posted on

Depending upon your business, you may decide to rent or buy a business location to provide your products and services or to store your inventory and equipment. If you’re a startup, buying a building may present too big of a risk. Establishing a physical location involves both one-time outlays, such as security deposits or closing costs, and recurring expenses, such as rent, mortgage payments, and utilities. Initially, your business location may also need to be repaired or renovated to meet your requirements and you may have to bear some or all of those charges. By renting, you’re free to back out at the end of your lease’s term. However, if your business already enjoys a steady income stream, purchasing a space may be a good investment.

To learn more, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.

Tags: , , , , , , , , , , , , , , , , , , , , ,


SEARCH

CATEGORIES

Nevada Edge

DOWNLOAD FREE BOOK NOW

This 100-page book is packed with everything you need to know about the benefits of incorporating and Nevada corporations and LLCs.