Regardless of one’s financial status, starting a company or rather a business is not a walk in the park. It becomes even more difficult when dealing with a landscape supply company. Unlike other supply businesses, a landscaping supply business is highly profitable. Suffice it to say that it is a very lucrative business that requires one to have the necessary resources and extensive skills to run it effectively.
Therefore, before starting such a business, it is imperative to understand what needs to be done, when and how to go about the entire process involved in running a landscaping business on a daily basis. Being a self-described company, it provides customers with landscaping supplies for the beautification of their gardens and lawns. Factors to consider before setting up a landscaping supply company are listed.
To get started, structure your business entity. The structuring of the business entity is inevitable and crucial at the same time. To be legally authorized to run a landscaping business, one can form a limited liability company; sole proprietorship or better, a corporation. However, the process of establishing a business entity requires the assistance of an attorney or certified public accountant. Visiting the secretary of state’s website to form a limited liability company may also suffice.
Next, obtain a tax identification number from the Internal Revenue Service (IRS). This is the second and most fundamental step in starting a landscaping business. To carefully plan and manage the operation of a landscaping business, as it relates to hiring employees, expanding, and effectively building credible business credit; obtaining a tax ID is necessary, if not very important.
For the records, one can easily obtain a tax identification number by calling an IRS representative on the phone. Or, if detailed processes are your thing, you’ll be happy to print Form SS-4 from the Internal Revenue Service’s website and then physically mail it in. However, the simplest and easiest way to apply for one is simply by visiting the IRS website, period.
Finally, purchase a license. While this is necessary, it is worth checking with your local secretary of state or chamber of commerce first to determine if a business license is required to operate a landscape supply company in your area. Then determine if you want to operate the business solely through an office or online with just a website. At this stage you can also consider finding vendors who can sell garden supplies to customers, set up a business account, and create marketing materials.