Where should you form an LLC for a coaching business?

How to protect your license when adding coaching (from an attorney)

11 Aug 2024 · 1 min

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0:45

Attorney Carly Hill explains how to protect your professional license when you add coaching: form a separate LLC, file with your state, and keep everything split. Use different bank accounts and separate PayPal/Venmo accounts. Treat the coaching business as its own entity.

Questions this video answers

In the state where you are located; file the LLC paperwork with that state.

Chapters

If you do want to create an llc, you can do that in the state that you're located in and you would actually file the paperwork with your state to create a new business entity. I'm sure many of you have created business entities in connection with your private practices. If you have, you may be familiar with the process. So it would be just doing another entity if you do that. Remember, keep all of your business things separate. So that means different bank accounts don't have the same PayPal account or Venmo account going to both. It's as if you are two different people, right? Everything is totally separate and completely your coaching is completely on the other side of the world, right? It's a different thing that you're doing. A lot of times people say well can I have this? Can I have this together or can I have this together? My answer is always going to be no. Always want it to be separate.