Setting Up a Business in Catering - The Business Side of Catering
As with any small business, setting up a business in catering will require a financial investment. Some individuals are fortunate and have start-up funds available, which others must use their home to secure financing. It is often said “with great risk comes great reward,” and using one’s home as collateral is no exception to this rule. Starting a catering business brings the opportunity to create financial security, but it also brings financial risk. With this in mind, it is very important to to never risk more than you can afford to loose. How much money is generally required for starting a catering business? Generally speaking, starting a catering business requires about $2,000, which includes start-up supplies, equipment and required local licensing. Before you can open for business, at minimum you will need a business license, a food handler’s permit and tax ID number. Tax ID numbers are assigned through the IRS. Contact your local courthouse or city officia...