160 - How to Juggle the Legal and Tax Side When You Run Multiple Businesses
On this episode of the podcast I chat with multi business owner and Unf*ck Your Biz alumni Connie Hurlburt about how she manages the tax and legal aspects of her LLCs and partnerships.
This episode is brought to you by my new FREE Masterclass, "The Most Common Legal and Tax Mistake at Each Stage of Business and How to Avoid Them." This Masterclass will cover if it's time to go from a sole proprietorship to an LLC or an LLC to a S-Corp and how to properly run an S-Corp. You'll learn how to get more profitable in a snap and put your taxes on auto-pilot as well as how to manage the growth of your business without fear of IRS hate mail or lawsuits. Click here to sign up for the Masterclass.
Connie found me through a friend and signed up for my Masterclass to get the free bonus. With multiple income streams, Connie was starting to get scared taking on more clients not knowing what she owed in taxes or how to pay them, especially being in a partnership and not knowing how that impacts cash flow.
Unf*ck Your Biz taught Connie how to split expenses with a partner in another state, set up a bank account, create an LLC for her virtual assistant business.
You don't need a DBA/trade name if you are operating as the same name as your LLC. This was one of the lessons that Connie learned she had made a mistake with prior to taking the Unf*ck Your Biz course. The mistake cost her almost $200.
The course covers the business aspects that no one is checking in with you on, for example shielding yourself from liability or the changes you need to go through when moving states. Lifetime access to the course allows you to refer back to tools and resources and your business and personal status change.
Get in touch with our guest
Connie Hurlburt, Beachbody Coach, Digital Media Virtual Assistant, and Content Creator
Follow Connie on Instagram