Beauty salon. Two words. One imagination
A large room with women talking and gossiping with one another with many procedures happening at ones. Mani-pedis, hair coloring, nail doing, perms or rebonds, and the like. But did you know that is only half true? There is more to a beauty salon than meets the eye.
There are a few types of beauty salons. Some of them have specialties of their own since beauty salons offer a great variety of products and services.
- Full-service salons offer everything. Massages, haircuts and styling, hair color and perms, mani-pedis, tanning, waxing, and a variety more of personal care.
- There are some salons that offer cuts, styling and perms but turn down hair coloring. While others offer cuts, styling and perms, and coloring.
- Nail salons, as the type suggests, specializes in nail care. They do the simple manicure and pedicure but can also do acrylic and gel nails and paint designs, too.
- Tanning salons, again, offer tanning services. Both spray tans and tanning beds.
Beauty salons have a legal structure. Though the structure of the actual business is a personal preference, there are pros and cons to each classification. There is sole-proprietorship, LLC, and LPP.
Sole-proprietorship means that they are single-owned salons. The owner takes the financial and legal risks of the business. If things are looking good, then that is good points for the owner. But if things go south, then that is when the owner is blamed for everything. They have no protection of personal assets. Although it is an easy structure for starting-up and maintaining, it is also very risky.
Limited Liability Corporations and Limited Liability Partnership
These offer more protection for the owners. A Limited Liability Corporation (LLC) is a business owned by one person. On the other hand, a Limited Liability Partnership (LLP) is a business that has two or more owners. The LLCs and LLPs are in the same boat much like the sole-proprietorship, or it can be through partnership. But both have the perks of being protected that are usually only offered to corporations.
An example would be: a business is known to be its own entity, and so, its assets should be separate from the personal assets of the owner. And in the same line, the debts of the business should be on its own and not with the personal finances of the owner.
Beauty salons must also keep their business as its own and not with the owner
It is a good idea to keep the operational and financial operations of the business away from the personal finances of the owner. There could be some unfortunate events that can happen (e.g. injuries or other matters), and if the beauty salon is faced with a lawsuit, the owner or owners should be able to protect their own assets. It is good to note that beauty salon owners and the staff should always keep the license that is required valid. It is very much obvious that things will go bad if not.
But there is no need to fear when it comes to a beauty salon in Prahran! They specialize in vegan, toxic and cruelty-free treatments. They also aim to be plastic-free and eco-friendly. You surely would not want to miss this!