S1EP03 From Hobby to Legit: Making Your Business Official
In this episode of Brewed Business, we dive into the crucial steps of transitioning your side hustle into a legitimate business. Join us as we discuss when it’s time to formalize your business and how to choose the right structure, whether it be an LLC, sole proprietorship, or partnership. We share practical advice and personal stories about our own journeys from hobbyists to business owners, and the important lessons we learned along the way.
We’ll cover topics such as:
- Recognizing the signs that it’s time to go legit
- Benefits of formalizing your business early
- Overview of different business structures and their pros and cons
- Practical steps to register your business and get an EIN
- Tips for separating personal and business finances
Whether you’re just starting out or ready to take your business to the next level, this episode is packed with essential information to help you navigate the process with confidence.
Disclaimer: The information provided in this podcast is for general informational purposes only and does not constitute professional advice. We are business owners sharing our experiences and insights, but we are not licensed attorneys, accountants, or financial advisors. Before making any decisions regarding your business, we strongly recommend consulting with a qualified professional. We disclaim any liability for any actions taken based on the information discussed in this podcast.
Tune in and get ready to brew up some business success with us!
Podcast: Play in new window | Download
