Multi-State
Living for Business Owners: Handy Tips
You may
be a business owner who needs to keep moving from state to state for
work, and you may
own two (or more) homes in different cities or states. Moving around
periodically and having to
reacclimatize to a different home can be a challenge – and you
likely have to do it without disrupting your business.
Managing multi-state living and the demands
of your business successfully:
Pick a home space that suits you and your
business
Your choice of home is critical – especially if you work from home
or entertain visitors often. You
want a space that meets your business needs – whether that’s space
or location-related. You might
need a home office, for instance, and privacy, peace, and comfort
for you and your family.
Emil Ratti can
assist you in finding the perfect
home space in New Jersey.
Consider hiring a registered agent for your
business
Hiring a registered agent can help keep your business going when
you’re away traveling. They
receive official correspondence for you and also maintain paperwork.
When you appoint a
registered agent, you can outline decision-making and processes. The
agent can cover for you if anything serious pops up, like a
lawsuit or tax notifications. Before you pick a registered agent,
check the rules in your state around the appointment.
Get organized with a moving checklist
Before you switch residence, you have to think about countless
logistic details about your home,
business, and possibly family. People who move between two homes
find that making and
following a to-do
list makes the move easier to handle. Some examples:
Services and mail: Inform banks, credit card providers,
utility providers, the HOA, and other service
providers about your move/new address, as applicable.
House cleaning and final sweep: Have the house cleaned and
the trash disposed of. Also, do a
final sweep for items you may have forgotten – like keys.
Medical records forwarding: Forward your medical records to
the healthcare provider in the other
state. Also, stock up on medication before the move.
Inform stakeholders: If necessary, inform employees and
stakeholders about the move and what it
may mean for your availability.
Update schools: Notify your child’s school, if applicable,
about the move.
Taking inventory: Take inventory of the items you want to
leave behind, take with you, or put in
self-storage.
Look to save money
The expenses will pile up when you run a business and travel
constantly. You must be smart about
your finances. Picking up budgeting and other business-related
finance skills is a good idea. Also, as
you live in two states, you can be smart and save money by
purchasing items in the cheaper one. For
instance, register your cars, auto insurance policy, and even health
insurance in the cheaper state,
after taking a look at prices in each state (see the end of the
article for examples).
Stay on top of home logistics and upkeep
If you own two homes, you have to actively look after the
properties. Some specifics to think about
are the maintenance, insurance, taxes, insurance, stocking up, and
HOA obligations. You may be able
to hire a house sitter, seasonally, to look after your home.
Alternatively, you could rent it out
through a property
manager and earn an extra income.
Keep your family safe
Your family’s safety matters, whether they travel with you or stay
behind. An excellent way to
ensure their safety is to get a smart home security system. Not only
does it safeguard against would-
be thieves, but it also notifies you of problems like water or
carbon build-up. Other safety products
to purchase are extinguishers, safes, smart locks, first aid kits,
and emergency radios. Before
purchasing such products, read in-depth
product reviews from unbiased sources.
Average price example list
Knowing the average price of services and other living expenses
allows you to opt for them where
they are the cheapest:
Self-storage in Las Vegas, NV: You can rent storage lockers
or units for your personal or business
belongings. For example, a 10’ x 10’ unit costs $146 per month, and
you pay $1 for the first month.
Here are options for self-storage in Las Vegas.
Real estate in New Jersey: View home in Northern and Southern New
Jersey.
Transportation in New York, NY: Monthly public transport costs
in New York City.
Childcare and school costs in Chicago, IL: Childcare
costs.
Personal upkeep in Phoenix, Arizona: The cost of living in Phoenix,
Arizona.
Conclusion
Moving between two places periodically is hard on the mind and body.
Having a solid routine can
give you mental peace and stability, and help keep you in good
physical shape besides. Working with
professionals like a registered agent will further reduce your
responsibilities.
Article Submitted (2022) By:
Shirley Martin
information@tidylifetoday.com
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