personal training insurance

**BITTAPART2** · 02-11-2008, 12:22 PM

if training people at a home studio Im sure one would need to be insured but what type of corperation should I set up? LLC or INC, I just want to be 100% protected.

**soulstealer** · 02-11-2008, 12:33 PM

Originally Posted by BITTAPART2

if training people at a home studio Im sure one would need to be insured but what type of corperation should I set up? LLC or INC, I just want to be 100% protected.

As long as you go LLC and keep your assets/income separate from the corps and insure the corps you should be fine.... just dont mix your assets... like pay your car payment from the corporate account kind of a thing once thats done the corporate veil is all but destroyed..

**BITTAPART2** · 02-11-2008, 01:00 PM

can you explain your first line? I currently have an s corp for another business I run but you suggest LLC? why an LLC do I have more protection this way?

**soulstealer** · 02-11-2008, 01:29 PM

Originally Posted by BITTAPART2

can you explain your first line? I currently have an s corp for another business I run but you suggest LLC? why an LLC do I have more protection this way?

I was going to suggest an LLC as being the easiest surrogate entity but if your already intimate with the operations of an S type corp and feel comfortable dealing with the extra crap that goes along with it then INC. As INC have been proven time and again to provide protection for its "executives".. Personally I prefer LLC's as I'm lazy and unorganized

**BITTAPART2** · 02-11-2008, 02:50 PM

Originally Posted by soulstealer

I was going to suggest an LLC as being the easiest surrogate entity but if your already intimate with the operations of an S type corp and feel comfortable dealing with the extra crap that goes along with it then INC. As INC have been proven time and again to provide protection for its "executives".. Personally I prefer LLC's as I'm lazy and unorganized

lol, I am lazy and unorganized too!! but for my S corp I am my only employee so it is a breeze with a good accountant. But yeah I think I will set up an LLC for this venture. Dude you are articulate as hell BTW

**soulstealer** · 02-12-2008, 10:24 AM

Originally Posted by BITTAPART2

lol, I am lazy and unorganized too!! but for my S corp I am my only employee so it is a breeze with a good accountant. But yeah I think I will set up an LLC for this venture. Dude you are articulate as hell BTW

Thanks...