#137: Business setup basics

Josh and Amelie give a high level overview of setting up your business and whether using a registered agent is helpful or not.

Top things to think about

1. The first question to ask yourself is whether to go the sole proprietorship route or the LLC/entity route.
2. Sole Proprietor - You may need a DBA (doing business as/fictitious name statement).
3. Make sure you check what your local city/county/state requires as far as business licenses etc.
4. Get an EIN even if it’s not required (it’s easy and free!).
5. Registered agents…can be slightly helpful, but not as helpful as they claim they are.

Other episodes mentioned in the episode:

• Episode #125 - Non-profit corporation: A good idea for my business?
• Episode #126: Non-profit corporation: How can I create/transform my business?

Other resources mentioned in the episode:

• AdvicePay (Essential level included with your FCN Launch Membership)

Want help building or growing a successful financial coaching business? Find resources below based on where you’re at in your journey:

• Deciding whether Financial Coaching is right for you? Join our free Facebook Community with over 5000 current and aspiring financial coaches! https://www.facebook.com/groups/financialcoachescommunity
• Already decided you’re going to be a Financial Coach and want to learn more? Get 30+ tips and best practices in our free 8-part email series! https://www.financialcoachesnetwork.com/pre-launch-email-series
• Ready to Launch your Financial Coaching business? Join FCN Launch, our step-by-step program that will help you successfully launch your business in four months and grow it to a consistent part-time income. https://www.financialcoachesnetwork.com/launch
• Are you already coaching clients and want to grow your business to a full-time income? Join FCN Grow, our program that helps you scale your business to a full-time income. https://www.financialcoachesnetwork.com/grow