CURRENTLY IN DEVELOPMENT
When starting a new tennis business, it’s crucial to consider several key factors that can significantly impact your success and protect your personal assets. Choosing the proper business structure—a sole proprietorship, partnership, LLC, or corporation—is essential, as each has distinct legal and tax implications. Registering your business with the appropriate state and local authorities is vital for legal compliance and safeguarding your personal assets from business liabilities. Additionally, understanding your tax obligations is critical, including the differences between self-employment taxes, payroll taxes, and income taxes, and ensuring you’re prepared to manage them properly. Neglecting these aspects early on can lead to legal issues and financial penalties and jeopardize your business and personal assets, making it essential to get these foundational elements right from the start.
This course is designed for U.S. residents but offers valuable insights and strategies that are also applicable to international residents. It will guide you through every step of starting and setting up your business, from understanding legal requirements to ensuring proper compliance. The course aims to provide you with the assurance and confidence needed to move forward successfully, regardless of your location.
This course is scheduled to drop before the end of 2024.