Hey mamas, welcome to another episode of the Zen(ish) Mommy Podcast! Today, we’re here to talk about business. Statistically speaking, the pandemic saw the highest number of entrepreneurs starting new businesses on record. Many of us mompreneurs are working with a limited budget, which may or may not include hiring an attorney. We welcome guest, Paige Hulse – a lawyer & an entrepreneur bridging the gap between creative business owners and the legal world. Tune in to find out how to start a business legally.
First and foremost, Paige is a guest today at the Zen(ish) Mommy podcast, she is not giving legal advice for your specific business. Before doing anything, you should speak to an attorney first.
“You don’t want to Google search an attorney. You want someone who is going to have integrity, who’s going to be an advocate, who’s going to take care of you. It’s really wise to form a relationship with an attorney from the get-go and then ask them what their processes are to become a retainer client.”
In order to start a business, you need to get clear about your mindset. Is it a business or a hobby?
Typically, the next step would be to obtain an EIN and registering as a legal entity. You can find a step-by-step guide to Preparing Your Business for The GDPR at the Creative Law Shop.
Paige unpacks how the LLC works to protect you and your business and reasons why to have an operating agreement.
Listeners will learn when to ask your accountant if you can file as an S Corporation and why filing as a Limited Partnership is often advised against.
Most importantly, it’s crucial that as a business owner you build time out to rest and reset through time blocking.
If you enjoyed today’s episode, you’ll love How to Plan the Best Family Vacations & Start a Side Hustle.