Thursday, August 6, 2009

Keeping Yourself Legal

My sister is starting a dance studio in New York.  She has identified her audience, and has actually started with a great foundation.   She currently teaches out of apartment homes and markets to dancers interested in dance but also other pursuits.  She is not planning on creating a conservatory.  She has recently been offered a position which requires her to hold a Tax ID number as well as create a legal entity.  She has done some research on Legal Zoom.  Every state has different prices, and New York is expensive.  She is now having to weigh her options of talking to a Lawyer versus doing something herself.  She is right now setting up meetings with a couple of lawyers.  Setting this up correctly will allow her growth in the future, but getting there is the hard part.

http://entrepreneurs.about.com/od/businessstructure/ht/llcsetup.htm

http://www.legalzoom.com/limited-liability-company/limited-liability-company-overview.html

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