Congratulations on your decision to launch a professional coaching practice. You may have a few questions about the mechanics of your new business. We’ve compiled some common questions and would be happy to discuss the options in each.
- How do I register a business name?
- Should I get a trademark?
- Can I receive payments in my new business name?
- Do I need to register my coaching business with the state? The IRS? Local government?
- Should I form an LLC?
- What about a corporation?
- What’s the difference between a corporation and an LLC?
- What type of insurance do I need?
- How do coaches get sued?
- How do I track income and expenses?
- What about taxes?
- Is all my coaching income taxable?
- What expenses can I deduct?
- What personal expenses can I deduct?
- How do I get a business checking account that is separate from my social security number?
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