In this episode, I’ll tell you all about LLC’s and other business entities you could use to protect your guitar teaching business from lawsuits and excessive taxes. There are TONS of benefits you can get by using a formal business entity to operate your teaching business, and also TONS of problems you can face by not using the right one. I’ll explain the differences between the most common ways to structure your business, and tell you about all the benefits you can get by using an LLC as a guitar teacher.
I’ll ALSO give you some step-by-step instructions for forming an LLC, and some tips on how to manage it effectively so you can make sure your teaching business is PROTECTED. I’m not an attorney or an accountant, but I have a lot of experience with setting these up for my own businesses…this information won’t replace working with your own lawyer or CPA, but hopefully it will give you a good understanding of LLC’s so you can take the next step and get some protection in place for your teaching business.
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