Episode 34: Legal Basics for Coaches with Braden Drake

Business entities, contracts, insurance, and taxes!? Join me as we breakdown these intimidating topics with Braden Drake, a licensed attorney with a Masters in tax law. This week we talk about how to best stay compliant, protect yourself, and your coaching business.

34: Legal Basics for Coaches with Braden Drake

When I started thinking about colleagues and friends that I wanted to bring on the show, I knew I needed to start with my good friend, Braden Drake. Braden Drake is an attorney and tax professional who is well-versed in all things small business, entrepreneurship, and taxes and he teaches and empowers creative entrepreneurs through his membership and group program.

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Show Notes

When I started thinking about colleagues and friends that I wanted to bring on the show, I knew I needed to start with my good friend, Braden Drake.

Braden Drake is an attorney and tax professional who is well-versed in all things small business, entrepreneurship, and taxes and he teaches and empowers creative entrepreneurs through his membership and group program.

As my very first guest expert interview for this podcast, Braden is here to clear up the questions a lot of you have about the legal side of your coaching business, from contracts and taxes to insurance, and more. I'm so proud to share this interview with you – let's dive right in!

Topics covered

  • How Braden works with small business owners
  • What you need to know as a coach to stay legally protected
  • How you can think about the layers of legal protection for your business
  • Why you should take advantage of the “magic bubble of protection” for your coaching business
  • Should you separate your therapy and coaching practices?
  • Disclaimer considerations for therapists who are also coaches
  • Contracts 101 for coaches
  • How a strong contract can promote open communication with your clients
  • The three legal essentials for your business
  • How to find the right insurance provider for your business
  • Braden's key recommendations for tax compliance for coaches
  • Maintaining your legal compliance as a coach

Resources mentioned

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TRANSCRIPT

 

Well, hey there friend. Welcome back to another episode of the Coach with Clarity podcast. My name is Lee Chaix McDonough and today's episode is a very special one because it is the very first guest expert interview we have had on the Coach with Clarity podcast. And when I was thinking about colleagues and friends that I wanted to bring on the show. I knew I needed to start with my good friend, Braden Drake. Braden is an attorney who is so well versed in all things related to small business, entrepreneurship, and taxes, and so I know many of you have questions about how to go about establishing or continuing your coaching business so that you are in compliance with federal and state laws. Plus, you've got questions about contracts, about taxes, about insurance, all of those things, and we are going to cover them in today's interview. So let's get right to it. I am so proud to share my interview with Braden Drake. 

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