Starting Your Own Trade Business: Licenses, Insurance and the First Year's Money

Thinking about running your own trade business? This episode walks through the usual steps: gaining experience and a license, choosing a business structure, insurance and bonding, pricing, cash flow and the realities of the first year, with pointers to the U.S. Small Business Administration. Licensing, insurance and tax rules differ by trade and state. Talk to your state licensing board, an insurance agent and an accountant or attorney. This is general information, not legal, tax or financial advice.