Indiana Jones, known for his adventures and hat, had recently developed a newfound love for brewing coffee. While the Ark of the Covenant had eluded him several times, he was determined that his new coffee shop, "Indiana Joe's," would be his next great success. But where to start? He was used to deciphering ancient languages, not business lingo.
Enter Merlin, the wise and legendary wizard.
"Hello there, Indy!" Merlin greeted with a twinkle in his eye. "I hear you want to embark on a new adventure - a coffee shop, is it? I can guide you through the maze of business registration."
"Merlin!" Indiana exclaimed, "I have no idea where to start. What's the best ownership structure?"
Merlin began, "Well, first things first:
"For your venture, considering your track record with partnerships," Merlin winked, "an LLC might be a solid choice. But remember, if your business name, like 'Indiana Joe's', is different from your legal name, you'll need to file a DBA."
"DBA?" Indiana looked puzzled. "You mean, 'Don't Be Afraid'?"
"No, Indy," Merlin chuckled. "DBA stands for 'Doing Business As'. If you're operating your business under a name other than your own, you'll need to register it. If your LLC's name is the same as your business name, no DBA needed!"
"Alright, Merlin. So about this Sales Tax ID thing..."
Merlin explained, "A state Sales Tax ID, sometimes known as a Seller's Permit, allows you to buy or sell items. Now, the Resale Certificate is part of the Seller's Permit, letting you buy items without paying sales tax, but only if you're going to resell them."
"Remember," Merlin said, "Even if you're a one-man show working from home, you can form an LLC or incorporate. In that case, there's no need for a DBA unless the business name is different from the LLC name."
Indiana took a deep breath. "Merlin, that was a whirlwind. But I think I'm getting it. Thanks!"
"Anytime, Indy," Merlin smiled. "Now go, brew the best coffee this side of the Holy Grail!"
You can choose to be a(n) coffee shop :
Shelby Business Tax Registration ( Business License) All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
This article applies to tea shops, online tea stores, tea manufacturing, coffee and tea shops, and selling tea in general whether you sell it retail, wholesale or prepared such as in a tea shop.
Our business and legal advice can help you start your tea and herb shop. You will know what you need to start with, how much it is going to cost, the profit potential, marketing techniques It is still a coffee crowd, but tea is also very popular these days. Just like coffee houses like Starbucks, tea stores as well as herbs and tea stores are a good place to meet and socialize. In fact, hundreds of new tea shops open every day. It is estimated that from 2012 to 2021. In 2021, the tea beverage market is estimated to be worth about 45.3 billion U.S. dollars. In the U.S., wholesale tea sales generated approximately 12.5 billion U.S. dollars in 2018. Of that, approximately 5.76 billion U.S. dollars in sales was generated from ready-to-drink tea varieties.
If you can find an existing mentor, it will help. On the other hand, you can read books such as the
19 Lessons On Tea: Become an Expert on Buying, Brewing, and Drinking the Best Tea sold online at Amazon and other bookstores. Keep in mind, you need /p>
Your teas well and also know how to run a business such as knowing the amounts to buy wholesale and managing as well as training your employees well. For example, the famous coffee shop's success is based on good employee training. You can find information at World team Academy and Specialty Tea Institute as well as
Normally, $30,000 to $150,000 but you can also go cheaper if you find an already existing tea or coffee shop with the equipment already inside the store to be leased. For example, you will only have to pay for the initial inventory and the first and last of your lease. Again, caveat, do not sign lease as an individual sign it as a corporation or LLC. You can also go with a small cart in a shopping center or a kiosk to save money in starting.