Welcome, Guest

Author Topic: Building a business model  (Read 8266 times)

Offline BrentX

  • House Bee
  • **
  • Posts: 156
Building a business model
« on: January 21, 2012, 05:33:52 pm »
For those that sell their honey using an LLC, what should I expect for an annual LLC maintenance fee or cost?

For those that carry liability insurance to cover the sale of honey to the public, what should I expect for annual insurance costs for what level of coverage?

Offline hardwood

  • Galactic Bee
  • ******
  • Posts: 3482
  • Gender: Male
  • Alysian Apiaries youtube.com/MrBeedude
Re: Building a business model
« Reply #1 on: January 21, 2012, 09:56:43 pm »
There are too many variables involved to be able to give an answer...especially with the gen liability. Rates vary from county to county/ State to State and the LLC depends on how it is set up. It's best to talk to your insurance agent and accountant.

"In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else, for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person's becoming in every facet an American, and nothing but an American...There can be no divided allegiance here. Any man who says he is an American, but something else also, isn't an American at all. We have room for but one flag, the American flag...We have room for but one language here, and that is the English language...And we have room for but one sole loyalty and that is a loyalty to the American people."

Theodore Roosevelt 1907

Offline buzzbee

  • Ken
  • Global Moderator
  • Galactic Bee
  • *******
  • Posts: 5930
  • Gender: Male
    • N Central Pa Beekeepers Facebook Page
Re: Building a business model
« Reply #2 on: January 22, 2012, 09:08:44 am »
Look into a farm policy. Check with an agent,they will tell you about coverage and cost.Beekeeping is an agricultural pursuit.

Offline HannahMartin

  • Brood
  • Posts: 1
  • Gender: Female
Re: Building a business model
« Reply #3 on: August 30, 2021, 03:59:30 am »
These guys are 100% right. Regarding the insurance, it depends on which agency you will choose. You need to document this matter since the fees differ from state to state.
You need to think about an office that will be your physical and as well juridical address. You can search for some coworking spaces prices, for example, on https://osdoro.com/us/coworking-space-houston/.
Make a business plan, understand what potential your business has. You need to be prepared for all kinds of situations and, of course, to consult with a specialist that opened at least one LLC.
« Last Edit: August 31, 2021, 05:15:28 am by HannahMartin »

Offline Ben Framed

  • Global Moderator
  • Universal Bee
  • *******
  • Posts: 12907
  • Mississippi Zone 7
Re: Building a business model
« Reply #4 on: August 30, 2021, 06:58:03 am »
Thank you for your post and welcome to Beemaster Hannah! 😊
2 Chronicles 7:14
14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

Offline BeeMaster2

  • Administrator
  • Universal Bee
  • *******
  • Posts: 13640
  • Gender: Male
Re: Building a business model
« Reply #5 on: September 01, 2021, 01:23:35 pm »
Welcome to Beemaster.
Jim Altmiller
Democracy is 2 wolves and a lamb voting on what to have for lunch. Liberty is a well armed lamb contesting the vote.
Ben Franklin