Starting your own auto repair business can be an exciting venture. Here are some business basics you need to consider:

1. Business Registration: To legitimize your business, you need to register it with the appropriate government authorities. This typically involves obtaining a business license or permit from your local municipality or county. You may also need to register your business name with the state and obtain a tax identification number.

2. Legal Structure: Decide on the legal structure of your business, such as a sole proprietorship, partnership, LLC, or corporation. Each structure has its own legal and tax implications, so consult with a lawyer or accountant to determine the best option for your situation.

3. Business Plan: Create a comprehensive business plan that outlines your goals, target market, competitive analysis, marketing strategies, financial projections, and more. A business plan will help you stay focused and attract potential investors or lenders.

4. Financing: If you plan to take out a small business loan, research different lenders and compare their terms and interest rates. Prepare a solid business plan and financial projections to increase your chances of securing a loan. You may also consider alternative financing options, such as crowdfunding or seeking investors.

5. Insurance: Auto repair businesses require several types of insurance coverage. These may include general liability insurance, property insurance, workers' compensation insurance (if you plan to hire employees), and garage liability insurance. Contact insurance providers specializing in auto repair businesses to discuss your specific needs and obtain quotes.

6. Licensing and Certification: Depending on your location, you may need to obtain additional licenses or certifications to operate an auto repair business. Check with your local authorities or industry associations to determine the requirements. For example, you might need an Automotive Service Excellence (ASE) certification or a motor vehicle repair license.

7. Business Name and Branding: Choose a unique and memorable name for your business. Perform a search to ensure the name is not already in use and register it with the appropriate authorities. Consider creating a logo and developing a branding strategy to establish a professional image for your business.

8. Marketing and Advertising: Develop a marketing plan to promote your auto repair business. Utilize both online and offline strategies, such as creating a website, leveraging social media, distributing flyers, networking with local businesses, and offering promotions to attract customers.

9. Accounting and Bookkeeping: Set up an accounting system to track your business finances accurately. This includes keeping records of income and expenses, managing payroll (if applicable), and filing taxes. Consider using accounting software or hiring a professional accountant to assist you.

10. Compliance and Regulations: Familiarize yourself with local, state, and federal regulations related to auto repair businesses. This includes environmental regulations, labor laws, safety standards, and consumer protection laws. Stay updated on any changes or new requirements to ensure compliance.

Remember, it's crucial to consult with professionals such as lawyers, accountants, and insurance agents who specialize in small businesses or the automotive industry. They can provide personalized advice based on your specific circumstances and location.