A Brief Note On Open A Daycare Center

| A sole proprietorship is easy to create; there is minimal creation cost and time.The single owner has autonomy in decision making; sole owner makes all decisions related to the business and has complete ownership of business’s finances.

Sole proprietorships are the most common type of business in the U.S. They are most commonly chosen because they are the easiest type of business to set up and give the sole owner of the company complete control of the company. There are many benefits to a sole proprietorship in regards to control, profit retention, and convenience.

In this paper, I will be discussing a financial plan for a home based daycare center and develop a guerrilla marketing strategy. I will be providing an actual street address for the secondary location of the business and planning for securing sources of debt financing for the second store.

Sole Proprietorship Sole proprietorship is the most common form of business in the United States. It is a relatively simple way for an individual to start a business since legal costs and business requirements are minimal, and the owner has complete control over the business. Though a sole proprietor is not responsible for any corporate tax payments, the owner is responsible for taxes incurred on the income generated from the business as part of his or her personal income tax payments, and personally shoulders any other risks or obligations. A sole proprietor may also choose to file their business under a fictitious business name or a DBA (doing business as), allowing him or her to operate and market the business under a more typical

A sole proprietorship is a form of business that is owned by a single individual.  • Liability – Due to the lack of legal distinction between the owner and the business, the owner is fully responsible and liable for all debts that the business incurs in the same manner that an individual is fully responsible and liable for all debts that they incur. There is no legal distinction between the assets of the owner of the sole proprietorship and the business; this means that creditors have the ability to come after the owner’s business and personal material assets.   Income Taxes – Since the business is the same as the owner of the sole proprietorship, all profits or losses from the business are filed by the

Sole Proprietorship: This is a type of business is where the business and the owner are one in

A sole proprietorship is a business owned by only one person. It is easier to set up and one has complete control over the business. Sole proprietorships also have tax advantages.

Every mother is eager for her children, needs care for her children, so our project provides solutions help mothers: in finding and managing quality care for their loved ones. In providing mothers a comprehensive display for all authorized daycare centers to make it easier for the mothers to choose the right daycare center for her child from among the existing daycare centers, in addition we help daycare centers to definition themselves and provide their services, we also help quality caregivers to definition themselves to find fulfilling employment and career opportunities, moreover we communicate with mothers, daycare centers and babysitter To inform them of all the new, listen to them and meet their requirements

Requirements are to be 18 years of age, employees must submit criminal background checks and fingerprints. Also the government requires owners to have at least 15 to 24 hours of health and safety training. There are fees for opening a home daycare. Small family childcare (1-8) children Annual Fee: $66.00, Application Fee: $66.00. Large Family children (9-14) Annual Fee: $127.00, Application Fee: $127.00 (Child Action).

According to Child Care in America, a nonprofit organization set on improving daycare for families across the nation, Illinois currently has over 600,000 children under the age of six who will be put in child care before they start school. On top of this, a study conducted by care.com showed that "67% [of parents] would even be willing to pay more for child care if it meant they would have a shorter work commute." With a daycare facility located within the parent's office building, parents will not have to go out of their way to drop kids off and pick them up from daycare. CA Ventures will be able to increase revenue from implementing a daycare to their office building because their clients are willing to pay higher prices for convenience. Another benefit to the employers renting out the office space would be a greater sense of employee reliability. Employees who use the daycare services will never be late due to unreliable child care.  Clients are willing to pay for quality daycare service, but has this been done before? Let's take a closer look at how this has worked for other

A Sole Proprietorship is one owner. The advantages of a sole proprietorship exist in the simplicity of taxes, cost efficiency in the startup process, and complete control of the organization. A sole proprietorship structure is the simplest method of establishing a business, the expenses are low and fewer licensing is required. A sole proprietor is responsible for the final decisions and directions of the business. The taxes are reported through the individual at a much lower rate than any of the other structures. The disadvantages of a sole proprietorship are the personal liability risks and capital; the individual absorbs all legal implications within the

When a business is run as a single proprietor means that the owner is solely responsible and liable for the actions of the company. The risk and the liability are that the personal assets such as house, car, land, or bank savings are also part of the business. There is no legal separation of the assets between the business and the owner of the business. For example, if the single proprietor defaults on a bank loan or there is an accident on one of the employees, the owner is the sole responsible. The bank can seize and liquidate the personal assets for the debts. In addition, the employee who suffered injury for in a work related accident can sue and held the owner liable. The sole proprietor risks all the personal assets if there is a

If you are considering starting a daycare in your home spacious and properly ventilated house is necessary. Apart from it, a play area will be an added advantage. Capacity, space and facility are three things that one must consider so that one can decide the number of kids.

Having a capable someone look after your child while you're busy at work should be a priority because the two of you stand to gain much from the structure and caring environment of day care centers. Rather than hire an independent nanny it makes more sense approaching a day care center which has all the tools necessary to promote development and education.

In order to open a child care center a director/business owner must spend time figuring out what will be needed and what the cost of such items will be. This is called start-up costs. Start- up costs are usually one-time expenses. Some items that are included in the start-up costs are educational supplies, equipment, toys, classroom materials, books, business cards, flyers, space, indoor/outdoor furniture/equipment, housekeeping equipment/supplies, office furniture, phone, license fees, salaries, and insurance deposit. Also if food will be proved the center will need a kitchen and kitchen supplies. Some of these items are expensive. Therefore, directors need to think of ways to help to minimize these costs.