Legalities

As a sole proprietorship, I will create and control all business aspects of Modish Boutique, including creating daily, weekly, and quaterly goals, assmebling a management team, payroll, and weekly schedules.  I will also own all the assets of the business and the profits generated by it. Since sole proprietors assume complete responsibility for all of the business liabilities, I am one in the same with my business in the eyes of the law. Furthermore, the idea of the brand and boutique's identity is personal to me, therefore, I see no reason to expand beyond a sole proprietorship. This small-business way of working will only add to the better customer service and loyalty.

There is a $15 non-refundable processing fee for the Business License Application, and the brand name Modish is available. One must also pay different fees associated with the various licenses, registrations, or permits needed for the particular business. These fees, though, are only applicable after license application is feasible.


More legalities of owning and operating a small business include leasing and the rates assosiated with the property I choose to develop the brand. There are a few retail spaces available near the area of Main Street of Carthage in which I want to set up my boutique. The building that seems best, though, is 1,320 square foot at a sale price of $60,000.