When starting a home based business do I need liabilty insurance? Do I need to have a lawer to check business details?

It depends upon the type of business. If you want to form a corporation or a limited liability company, you can have a lawyer do that for you, or do it yourself. Your liability insurance on your house will probably not cover any business use, so, depending on your business, you may need to add a rider on your policy or get liability insurance for your business.

To protect yourself, you should have liability insurance. Depending on your business, liability insurance may be madated by law. I need more information about your business to determine if Md. requires insurance and a license.

Owners of small businesses should initiate a relationship with a lawyer to discuss the proper form the company should take; liability issues; customer contracts; and other issues that are specific to your industry. Also, should contract or liability problems occur in the future, you will already have someone who you can turn to for representation or a referral.