Finance:Lemonade stand

From HandWiki
Short description: A business commonly owned by children
A roadside lemonade stand in Georgia, July 1975, also selling squash and cucumbers.
A professional vendor in New Orleans.

A lemonade stand is a business that is commonly owned and operated by a child or children, to sell lemonade. The concept has become iconic of youthful summertime American culture[1] to the degree that parodies and variations on the concept exist across media. The term may also be used to refer to stands that sell similar beverages like iced tea.[2] It is typically done in the summer season.

The stand may be a folding table, while the archetypical version is custom-made out of plywood or cardboard boxes.[3][4] A paper sign in front typically advertises the lemonade stand.

Educational benefits

Lemonade stands are often viewed as a way for children to experience business at a young age. The ideas of profit, economic freedom, and teamwork are often attributed to traits lemonade stands can instill.[3] However, unlike a real business, they benefit from free labor and rent, and may have a lack of expenses.[3]

Legality

In some areas, lemonade stands are usually in technical violation of several laws, including operation without a business license and/or permit, lack of adherence to health codes, and sometimes child labor laws.[5] Lemonade stands have been known to spread disease due to poor sanitation, including a 1941 case in Chicago where 12 people were infected with poliovirus virus, five of whom were paralyzed, from a child's lemonade stand.[6]

Enforcement of these laws for lemonade stand operations are extremely rare, but have been known to occur, typically to public outcry.[1] In June 2015, police in Overton, Texas told children running a lemonade stand that they would need to apply for a permit and check with the health department before selling perishable food.[7]

In 2018, Country Time created Legal-Ade, which pays up to $300 of the legal fees for lemonade stands fined in 2017 or 2018, or for 2018 permits.[8]

The New York Legislature took up a bill in 2019 that, if passed, will explicitly make lemonade stands operated by minors legal and exempt from most regulations.[9] As of that summer, fourteen U.S. states explicitly allow operation of a lemonade stand without a permit.[10]

See also

  • List of lemonade topics

References

  1. 1.0 1.1 Hayes, Kevin. "Lemonade Stand Shut Down by Food Inspectors; County Chair Apologizes". CBS News. http://www.cbsnews.com/8301-504083_162-20012899-504083.html. 
  2. Cox, Doug. "Lemonade stand economics". Pryor Daily Times. http://pryordailytimes.com/editorials/x1437242701/Lemonade-stand-economics. 
  3. 3.0 3.1 3.2 Aileron. "Are Lemonade Stands Good Training For Entrepreneurs?". Forbes. https://www.forbes.com/sites/aileron/2013/08/14/are-lemonade-stands-good-training-for-entrepreneurs/#3d35c6586e5d. 
  4. Capotosto, Rosario; Wicks, Harry (August 1979). "Build the best lemonade stand on your block". Popular Mechanics 152 (2): 86, 87, 129-131. 
  5. Police in Ga. shut down girls' lemonade stand. Associated Press. Retrieved 2011-07-16.
  6. "Girl's Lemonade Stand Gives Hot Tip on Paralysis". The Kerrville Times: p. 8. 18 September 1941. https://www.newspapers.com/article/the-kerrville-times-girls-lemonade-stan/134435116/. 
  7. "Police Shut Down Girls' Lemonade Stand for Ridiculous Reason". yahoo.com. 10 June 2015. https://www.yahoo.com/parenting/police-shut-down-girls-lemonade-stand-for-121207241667.html?soc_src=mail&soc_trk=ma. 
  8. Campisi, Jessica; Ahmed, Saeed (2018-06-11). "For kids getting busted for running lemonade stands without permits, these guys are here to help". CNN. https://www.cnn.com/2018/06/11/us/lemonade-stands-country-time-trnd/index.html. 
  9. https://www.wivb.com/news/state/dispute-over-kid-s-lemonade-stand-prompts-legislation-in-ny/1975908435 ?
  10. "Country Time wants to legalize all lemonade stands". 19 June 2019. https://www.wivb.com/news/national/country-time-wants-to-legalize-all-lemonade-stands/2086473065.