Learn more Choosing Your Name and Securing it with Trademarks Writing a Business Plan Finding the Right Location Forming Your Business Tech Tools to Make Running Your Business Easier Finding Great Employees Alcohol and Tobacco Trade Board License State Licenses Choosing Distributiors Creating a Production Schedule Equipment Costs Advice from Experts Frequently Asked Questions Many breweries choose to adopt a name that relates to their location, such as Great Lakes Brewing.Tags: What Does Creative Writing MeanSelf Portrait AssignmentFormal Outline For Research PaperWhat Is The Abstract Of A Research PaperHomework NecessaryContracting Business PlanChoosing Your EssayEssays DiscussionCosmetic Dentistry - Research PaperEssay On Status Of Women
If you are looking for people to invest in your brewery, you will need to provide as much financial information as possible.
This includes how much money you need to open, what your overhead costs will be, how many people you will employ, how much revenue you anticipate making, and so on.
This could also be said of a partnership, except partners must each bear some responsibility for taxes on their individual tax returns.
In an LLC, you are only taxed on income that comes out of the company.
It's difficult to say which option is easier, but construction is sometimes better because breweries require a unique setup and retrofitting an old space can be complex and costly.
There are a number of ways that you can structure your business when you are starting a microbrewery. Setting a brewery up as a sole proprietorship wouldn't make sense, because you will likely need employees and have a tax burden that is too large for one person to carry on their own.According to beergraphs.com, breweries with the word "Liquid" in their name tend to have the highest rating when compared to breweries that use more traditional nouns like "beer company," "brewery," "brewing," and "beerworks." A unique name creates a stronger and more memorable first impression.It would be tragic if you created logos, filed all of your paperwork, and printed business cards before discovering that the name you would like to use for your brewery is already taken.To prevent this, choose a name before you do anything else.Search to make sure no one else has taken your name.A business plan for a brewery should include the following items: If you're starting a brewery, you need to be ready to compete. S., so the competition analysis portion of your business plan is very important.You don't need to compete with all 7,000 of them, but you do need to realize that this is a busy market.Some specialized law firms, such as The Craft Beer Attorney actually specialize in working with clients in the craft beer industry.At the very least, you should have a lawyer with experience in corporate law so that your business is compliant with local, state and federal laws.Updated on August 20th, 2019 The SMB Guide is reader-supported.When you buy through links on our site, we may earn an affiliate commission.