A lower cost would be the most ideal in the location.
Office space: Even though my business is mostly retail, I want the option of office space. This way the financial aspects of the business can be handled in a different area than the selling of the product.
Some of the major competitors in my area therapy centers. These businesses are located fairly close to my business, but since I won’t be offering therapy until the future, and I offer essential oils, I am not worried about how close they are since our businesses are different. The main competitors are
The address of the building I choose is,420 Boylston Street, Boston, MA 02116. The location is right off of Boylston Street which is a fairly busy street in the downtown Boston area. Many people drive down this street throughout the day to stop for shopping and food. Since the street is one way, it receives more traffic than on a daily basis.
The building offers both retail and office spaces which is exactly what I was looking for. I will obtain 1,100 sq.ft for $50 per sq. ft each year. In total each year I will pay $55,000 for the building rent; each month I will pay …show more content…
My business will be a limited liability company. A limited liability company is a company composed of multiple people in a special written agreement. It distributes the loses and gains and assigns to people to their interests. When using an LLC our personal assets will also be protected if someone were to sue the company. A LLC also doesn’t limit the number of people that can manage. It appears as the best option because, there will be many different people working in the company who help run the medical side of the business. It would be beneficial to have them be a part of the management, because they can overlook their specialty. In the long run the business will also receive financial benefits. It is very important that our business is credible, since we deal with the mental health of our clients. An LLC offers the credibility because it shows that I have a formal commitment to my business. A limited liability also requires fewer state and federal requirements. That means that making the business official and up and running, will be a faster process. There are also no ongoing pieces that will come back and haunt us just when we think the business is ready to go. This helps us assure that our business meets all requirements and stays on schedule for