Inquiry about taking a Subsidized Home Daycare Child

Hello, I operate a home based daycare. I have had an inquiry concerning a subsidized daycare child and I am wondering how this process works. I understand that I have to be a licensed daycare in order to take this child. I am not a licensed daycare. I am wondering about becoming licensed, as I understand that eventually all home based daycare will be forced to be licensed. Is there a list of the expectations and rules? Is there a cost involved? Is there a max. amount that we can earn? I have a lot of questions! I would love it if someone that has just gone through this process could help me out with this please.:)

What is your current daily fee?

Others with more experience will come on to give more info but there is a substantial cost, the licensing agency takes a big cut of your daily fee for each child.

I would not become licensed just to take one a subsidized family...you will lose a great deal of money.

Agreed. Don't become licensed until you have to! Just find another family that can pay your rate. Taking this family and becoming licensed will not be worth it! Stay private while u can!