Episode 89: Your Legal Questions Answered with Braden Drake

Attorney and tax professional, Braden Drake, is here to answer the top five burning questions we hear when it comes to legal and tax issues in your coaching business.

89: Your Legal Questions Answered with Braden Drake

When it comes to running your coaching business legally and ethically there are a few common questions that I've noticed keep coming up. Braden Drake is back for today's episode to answer them all.   Braden Drake is an attorney who specializes in small businesses and tax law and who teaches and empowers creative entrepreneurs.

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Show Notes

When it comes to running your coaching business legally and ethically, there are a few common questions that I’ve noticed keep coming up. Braden Drake is back for today’s episode to answer them all.

Braden Drake is an attorney who specializes in small businesses and tax law and who teaches and empowers creative entrepreneurs. He is my go-to person whenever I have a question about anything legal or tax-related and he always leaves me feeling like I can handle it.

I always have the best time whenever I have a conversation with Braden and I know you’ll get a lot out of this interview. Let’s get right into it!

Topics covered

  • Why an LLC is usually worth the investment for coaching businesses
  • Protections and benefits of operating as an LLC
  • Guidelines for setting up an LLC and staying compliant
  • Considerations for blending your coaching practice with another existing business
  • Key elements to keep track of for legal and tax compliance
  • Braden’s resources for supporting you and your coaching business
  • Getting properly prepared for tax season
  • When to start thinking about making an S-Corporation status election
  • Differentiating between employees and independent contractors

Resources mentioned

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TRANSCRIPT

 

Well hello my friend. Welcome to the Coach with Clarity Podcast. My name is Lee Chaix McDonough, I'm your host, and today I am bringing back one of our most popular guests. And that is Braden Drake. Braden is an attorney who specializes in small businesses and tax law. And he is my go to person whenever I have a question about anything legal related, tax related, contracts, you name it. If you've been listening to the Coach with Clarity Podcast for a while, then you will remember Braden from about a year or so ago. And I wanted to bring him back on and do an episode that really focused on the most common questions he and I get asked when it comes to running your business, legally and ethically. So today, we're going to cover the top five questions we get asked, and I think it's going to be a great show. So let's get right to it. Here's my interview with Braden Drake.

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