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134. At what stage should I legally form my business?
Episode 1346th July 2023 • On Your Terms® • Sam Vander Wielen
00:00:00 00:08:07

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When you’re just starting your business, it can be confusing to know when you need to start getting all the legal aspects of your business in order. One of our listeners recently asked:

"At what stage of the business building and planning process should a Solopreneur mindset life coach in the just-getting-started stage of business who has no audience, list, offers, or market reach yet (but is very active on social media) apply for a FEIN, get a business address, business bank account and form a LLC?"

Great question! How's yesterday sound? Just kidding – sort of. Let’s dive into it…

In this episode, you’ll hear…

  • How to know when it’s time to register your business
  • What you need to get done when
  • FInding support for funding your startup expenses

If you’d like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!

Click here to find the full show notes and transcript for this episode.

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Produced by Nova Media

Transcripts

Speaker:

Hey there. It's Sam Vander Wielen. And welcome back to another episode of On Your Terms. I hope you had a really nice 4th of July. Mine was pretty low key. We've been wrapping up all of the construction at my house, all the gardening, and stuff we've been working on for over a year. So, frankly, just some quiet time at home with me and Ryan and Huddy just sounds perfect. So, that's pretty much what I did. But I hope that you had a good one. I'm really excited to dive in because today we are talking all about at what stage it's really right for you to get legal protection for your business. So, this question was from one of our listeners. They submitted a question asking, "At what stage of the business building and planning process should a solopreneur mindset life coach in the just getting started phase of business who has no audience, no list offers, or market reach yet, but is still really active on social media apply for, like, an EIN number, get a business address, a business bank account, form an LLC, et cetera?

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