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Such services are often vital for folks to remain safe and comfortable in their homes.
Private pay rather then 3rd party billing sources are the most common form of payment for non-medical care.
Start by contacting your state licensing board to request a package or kit detailing all requirements. Some basic requirements apply to starting a home care business similar to that of most other businesses including the following: 1.
(Sole proprietor, Partnership, Limited Liability Company, S Corporation, C Corporation) Consult with an attorney and or CPA or research online on your state government website ( state initials)about appropriate business structure, info regarding payroll, sales tax, workers compensation and business liability insurance. Obtain Employer ID Number Obtain a Federal Employer Identification Number (EIN) from the IRS (IRS form SS-4) similar to your personal social security number to identify your business with regards to tax liability 3.
Register with Secretary of State Register your business with Secretary of State in your state.
Strong communication and organization skills with a well planned business strategy are more fundamental to success.
Licensure requirements vary widely from state to state for non-medical home care agencies however are generally not so complex to discourage many from undertaking.
Launching out on your own usually has lower start-up costs without entry or re-occurring franchise fees, less hand-holding but more independence with business strategies.
When electing the independent option, write a detailed plan of how you will start, operate, and grow your business.
Initially it is very important to understand the distinction between starting a medical skilled home health agency versus a non-medical home care agency.
Basically non-medical home care services include personal care, assistance with daily living activities, meal preparation, housekeeping and transportation.
continue to grow in popularity due to our aging population and preference of many older Americans to be cared for in their homes.
Starting a home care business to meet this great demand for in-home care may potentially be a rewarding business enterprise.
Prepare your finances Establish a business checking account and credit card account and apply for business loans if required to meet start-up costs. Spend time interviewing prospects and checking references to find most competent, compassionate and resourceful caregivers.