#69: Should I create an LLC/S-corp/B-corp/other/nothing? Part 2

EPISODE · Apr 11, 2023 · 25 MIN

#69: Should I create an LLC/S-corp/B-corp/other/nothing? Part 2

from Financial Coaches Network - The Podcast: Build your Financial Coaching Business · host Joshua Escalante Troesh, Garrett Philbin, Amelie Riendl, and Emily Blain

Episode 69: Should I create an LLC/S-corp/B-corp/other/nothing? Part 2 Join Josh and Amelie to continue discussing business entities! Top takeaways: For most coaches who are part-time and making less than $10k annually, an LLC or S-corp is PROBABLY overkill but depends on many things including how many assets you have to protect. Hiring employees should be an automatic trigger for entity creation. There are certain things you can write off as a C-Corp that you can’t as other structures. You CAN use something like Legal Zoom, but…it’s only as good as the user. Plus they take 0 responsibility for the documents created. Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey: Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch Looking for financial coaching software? Sign up for the interest list for FCN MoneyCoach, the premier cash flow analysis software for financial coaches and advisers. https://www.financialcoachesnetwork.com/money-coach Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow

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#69: Should I create an LLC/S-corp/B-corp/other/nothing? Part 2

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