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Cottage corporation
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A cottage corporation is a business designed to employ many home-based employees. Not to be confused with telecommuting or telework, where employees do not commute to a central place of work, a cottage corporation does not have a central place of work. Employees set their own schedules, working a certain number of hours per week from home offices. Many also conduct client meeting and training sessions during normal business hours. Coined by American, Thomas Joseph in 1994. Joseph is the founder of Bookminders, a cottage corporation based in Pittsburgh, Pa. that provides automated accounting and information management services for small and mid-size businesses struggling with burdensome, expensive and time-consuming bookkeeping tasks. |
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