They say that two out of three companies start out in a spare bedroom, garage or a basement. However, the advent of internet made running virtual companies from home more popular than ever. Once you jump the initial hurdles such as the legality of running a company from your home, separating your work and family life, and establishing a professional image, you can reap the many benefits of such an arrangement, such as less risk, more freedom, financial and tax advantages, as well as an opportunity to transform your passions and creativity into a money-making outlet.