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How To Determine If An S Corp, LLC, or Sole Proprietorship Is Right For Your Business

March 14, 2019 by Liz Carter

Decide If An S Corp, LLC or Sole Proprietorship Is Right For Your BusinessYou’ve finally decided to go into the coaching business. Through hours and hours of research, you picked your niche, picked your target market, and decided what products or services you will be offering through your coaching. Now it’s time for the fun stuff!

Oh, wait… Business legalities and government jargon? Taxes? This doesn’t sound fun at all.

You’re right. It is a nightmare for most people (it was for me at first). In fact, it’s not fun at all… if you don’t understand how it all works.

But if you know a couple little tips and tricks when it comes to understanding how business entities work, you can use them to your advantage. Oh and trust me… once you discover the loopholes and tax advantages, this information could be worth tens (if not hundreds) of thousands to you.

Here are the advantages and disadvantages of each of the three main business entities: [Read more…]

Filed Under: Blog Tagged With: become a certified coach, coaching business, coaching for small business, health and wellness coaching business, How do I market my small business on social media?, how to start an online coaching business, life coaching certification, sole proprietorship for coaches, Spencer Institute coaching certifications, types of business entitys, wellness coaching certification, what is a LLC, what is a S corporation, which business entity is right for you

Student Success Stories

Becoming a Certified Life Strategies Coach at the Spencer Institute has been a great way for me to grow my coaching business. I really liked that I could work full time while learning life coaching on my own time schedule. Now I have coaching clients, and also attract more psychotherapy clients who choose me because I can offer coaching in addition to psychotherapy.
Jeanne Asma
www.JeanneAsma.com
Earning the Spencer Institute's Wellness Coach Certification was an excellent addition to existing education and experience. I now have a highly successful blog, healthy cooking business, cook books and much more. The sky is the limit.
Melissa Costello
www.KarmaChow.com
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