A flower shop is a retail establishment that specializes in selling cut flowers and ornamental plants. The floral trade includes activities such as flower care, flower arrangements, floral design, marketing, and often flower delivery. Florists are an increasingly popular industry and one of the most sought after guides on our website. Starting a one-person business is relatively easy and cost-effective, making it a popular choice for flower shops. When it comes to selecting the right business structure for a flower shop, there are several options to consider.
A limited liability company (LLC) is a popular choice, as it offers the ease of operation of a sole proprietorship and a partnership, but with the personal liability protection of a corporation. Many states require the registration of the company name (which can be called DBA, Doing Business As, assumed name or fictitious name). An association is made up of two or more people and is the default business structure for companies that are owned by several people. Choosing the right business entity for your flower shop is essential, but there is no “one size fits all” solution. It's important to consider all factors before making a decision.
Factors such as personal liability protection, tax implications, and ease of operation should all be taken into account when deciding on the best business structure for your flower shop.