LLC Archives - Drafted Legal

Legal Tips for Podcasters

by Wesley Henderson | Dec 20, 2021 | Best Practices, Intellectual Property, LLC

Previously known as “audio blogs.” Podcasts have quickly become this generation’s version of radio shows. Since Apple introduced Podcasts on iTunes in 2005, the market for podcasts has only increased, and they have come to cover every topic from politics, to health,...

Do I need an LLC for my coaching business?

by Wesley Henderson | Dec 19, 2021 | Best Practices, LLC

We recommend that you get an LLC for your coaching business, but I do think you could justify waiting longer in a coaching business than some other higher-risk businesses. For example, if you were a personal trainer or anything related to physical and health, the risk...

5 Important Steps to Scale Your Business

by Wesley Henderson | Dec 18, 2021 | Best Practices, Contracts, LLC, Templates

Scaling your business is a gamechanger for business owners. This moment is what many business owners dream off. Set yourself up for success during this process by taking care of the following important steps. 1. Processes Be dialed in on your processes whether they be...

Get an EIN Number for Your LLC

by Wesley Henderson | May 11, 2021 | Best Practices, LLC, Quick Tips

Sole Proprietor’s do not need an EIN. But, most Sole Proprietors really don’t need to be doing business without an LLC. Here’s why. An EIN is like a business’s social security number. It tells the IRS who the business is. Single-member LLCs...

Is Your Home At Risk from Your Side Business?

by Wesley Henderson | Apr 20, 2021 | Best Practices, LLC, Side Business

If you are using an LLC or other legal entity (and using it correctly), then no probably not (unless you personally commit a tort or wrongdoing like punching someone). If you are a sole proprietor, then you need to understand your states’ homestead protections. What...

Sole Proprietorship Examples Show Why You Need an LLC

by Wesley Henderson | Apr 13, 2021 | LLC

“The Hunter Range” is a skeet shooting course for beginners. The owner, Hunter Holiday, is a master marketer full of novel ideas. “The Hunter Range” is his latest. Along with options for shooting, “The Hunter Range” has a small restaurant with seating overlooking the...