A common question when starting a flower shop is whether an Employer Identification Number (EIN) is needed. Let's break down what an EIN, when you need one for a flower shop, and how to get one. What is an EIN? The EIN is short for Employer Identification Number, sometimes called FEIN or Federal Employer Identification Number. This number is a unique nine-digit number … [Read more...]
What Types of Insurance Does a Flower Shop Need?
Starting a flower shop comes with some fun and enjoyable tasks; from designing the shop, getting new tools, purchasing flowers, and lots more, but one task that needs to be done before opening the doors is shopping for business insurance. Like most florists, you know everything there is to know about flowers and plants, but things like creating a website, accounting, and … [Read more...]
What Is The Best Business Entity For A Flower Shop?
What Is a Business Entity? At the most basic level, a business entity refers to the ownership of an entrepreneurial endeavor and how it is legally recognized. There are various types of business entities, with the primary being the sole proprietorship, partnership, corporation, and Limited Liability Company (LLC) When starting a flower shop, one of the … [Read more...]
How To Find Flower Shop Loans
Commercial Lenders - For most people, banks will be the first stop when looking for flower shop financing. Before you go to the bank however, make sure you have a business plan and check your credit score. Banks are looking for scores of about 650 but some have credit enhancement programs that drop to the low 600's but that means higher interest. Expect the bank to ask you … [Read more...]
Do You Have Questions About Starting a Flower Shop?
I would love to hear from you. … [Read more...]