042: Choosing A Legal Entity for Your Massage Practice
In this episode of "Align with The Massage Business Mama," we unpack choosing a legal entity for your massage practice. One of the big things that trip people up at the beginning of their massage business is figuring out what legal entity to set up. Whether to be a sole proprietor, partnership, corporation, or LLC. C Corp, S corp, it can be overwhelming initially! One thing to note is if you take no action, the IRS automatically considers you a sole proprietorship. So, if you are struggling with paralysis analysis for how to structure your business. You have already inadvertently made a decision. By failing to make any official decisions or moves to create a business entity, you are operating as a sole proprietorship. Listen on to hear more about the pros and cons of each entity.