Starting an LLC for an Aerobics Studio
Do you have a hobby that you're incredibly passionate
about? Are you someone who loves teaching and sharing your passions
with others? If you are then you should probably look into starting
a business around your hobby.
Take Donna, for example. She LOVES dancing, stretching
and doing all kinds of aerobics.
And since she's also a musician, trained in jazz, she is a huge
fanatic in jazzercise.
So Donna began putting up flyers around town for dance lessons,
and ended up getting tons of replies from interested people.
She had considered at first teaching out of her home,
but then decided it would be best to speak to her family attorney
first, who advised her to teach these classes in a rented dance
studio. Not only that, he advised her to start up a limited liability
company called "Donna's Aerobics, LLC" which is the
company all her students will write their checks to.That LLC will
also be the one to pay rent on the studio space. What's the benefit
of this, you might ask?
Well, jazzercise is known to be a very strenuous activity,
and it's not uncommon for practitioners to sprain or even break
an ankle. In today's litigious society, who knows what mean soul
would want to sue Donna for all she's worth in the case of a sprained
ankle. Therefore, the LLC limits her liability, and
any lawsuit will be directed at "Donna's Aerobics, LLC",
instead of at Donna's actual person.