For many Americans, the ideas about working have shifted significantly in the last two years. Now, more than 40% of Americans are working from home, and many have no plans to go back to the original 9 to 5, work-from-an-office model.
California is a hub for entrepreneurs because of the flexibility it offers when it comes to business structures. No matter what kind of business you own, (or are thinking about owning) you can find a way to make it work in California.
If you are an entrepreneur and planning a move to Santa Monica, check out our comprehensive guide on how to run a small business from your apartment:
This isn't meant to be legal advice, so it's important to check with law professionals before making any decisions about running a small business from your Santa Monica apartment. But in general, it's recommended to re-read your lease agreement before you make any big decisions. It's also a good first step to talk to the leasing office about what is required to run a small business from your apartment. They'll want to verify that your business won't be a disturbance to other tenants and that it won't require unverified strangers to be coming into the apartment community regularly.
You'll also want to discuss details such as signage, business hours, and any employees that may be coming and going from your apartment. All of these are important details that should be communicated clearly before starting a business out of your apartment.
Even if the leasing office gives you the okay to run your business out of your apartment, you must check the zoning laws and local ordinances. If you're going to run a legit business, you need to go about it the right way. That means adhering to any laws or regulations and figuring out what licenses or permits are required for you to run your business legally.
Typically, the laws in California say that you can run a business out of a rented property as long as you can prove that no more than 40% of the apartment is being used for business. Again, it's recommended to check with a business attorney to make sure you are crossing all your T's and dotting all of your I’s.
Once you get the go-ahead from all the powers that be to run your business from home, it's time to set up your home office. You want to create a space that allows you to feel creative, productive, and focused. Investing in the right furniture and technology will create a space that is comfortable and efficient while personalizing it with art, pictures, house plants, and pops of color will make it a space you want to be.
Luxury apartments in Santa Monica make it easy to create a home office that you'll never want to leave. Open layouts in apartments like NMS Cara make it easy to create a distinction between where you live and where you work. Floor-to-ceiling windows, breathtaking views, smart home technology, and spacious floor plans come together to create a home office where you can do your best work. And when you need a change of scenery bring your laptop poolside, take your calls on the rooftop lounge, or use the conference room for more space for brainstorming.
Stats and Resources
Over 750 new businesses popped up in Santa Monica last year, which is proof that Santa Monica is a great place to make your business dreams come true. If you're still in the business planning stages, here are a few important things to remember:
This is a great resource for California entrepreneurs. It is the Secretary of State’s new online portal to help businesses file, search, and order business records.
If you will be selling goods in California, you must register with the Board of Equalization (BOE) to obtain a seller's permit.
Every California business must obtain a general business license from the city where the business is located.
According to Business News Daily, small businesses make up 99.8% of all businesses within California and employ 48.8% of the state's workforce, making them a vital part of the state economy.
The California corporate tax rate is 8.84%
681,997 small enterprises are engaged in the professional, scientific, and technical services sectors, which makes this the largest industry in the state.
Self-employed individuals running incorporated businesses have an average median income of $64,523.
Starting a new business is exciting, especially if you have the option to run it from the comfort of your own home. If you’re planning a move to Santa Monica and want to find the perfect apartment to rent to run your business, schedule a tour of NMS Cara today!