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Your financial capability will determine the kind of catering business you are able to put up and maintain in the long run. When checking out your finances for the business, you have to consider the capital and startup costs as well as the required taxes. Startup Capital and Cost The cost of starting a catering business depends on how large you want to start. Would you like to be home based at first as a self-operated caterer or go for contract catering even at the onset? Either way, the initial costs include the fees for licensing, insurances, and promotions. The capital needed also depends on your preferred corporate structure. Of course, if it is sole proprietorship, less or small capital is needed. On the other hand, if you will register as a corporation, then more capital investment is required.of tax payable depends on the business organization, whether sole proprietorship or corporation. Nonetheless, it is best to get a certified accountant to handle all your money flows in ...