Are you working on a side hustle that is not legally protected? If the ultimate goal of your side hustle is to transition into a full fledged business, then listen up because this episode teaches how to take the first step. Today on The Legalpreneur Podcast, I want to motivate you to treat your side hustle as if it’s already a business, because the moment you’re advertising your goods or services, you absolutely are a legitimate business!
Shift your mindset from day one, because if you treat your side hustle like a business, you’re more likely to successfully create a profitable business! If you can see the potential of your side hustle, investing in your LLC and Trademarks are going to save you so much money as you grow! Once you’re established it becomes an expensive headache to go back and do the work that needed to be done in the beginning.
You wouldn't think it now but The Legalpreneur started as a side hustle. If I had not treated it as the business that I knew it would grow into; The Legalpreneur would not have become what it is today! Registering your LLC, trademarks and using contracts will make scaling your side hustle into a full fledged business so much easier! Don’t limit your own potential, get your side hustle legally protected now!
Key Takeaways:
[1:28] Whether you’re bringing in money or not you need to legally protect your side hustle
[2:00] Shifting your mindset and treat your side hustle as if it is a legitimate business from day 1
[2:55] Backtracking is more expensive than setting up your side hustle correctly to begin with
[3:45] The moment you are advertising your goods and services…you’re a legitimate business!
[4:20] The Legalpreneur started as a side hustle and grew into a full fledged business
[6:40] You want to legitimize your side hustle by registering your LLC from the beginning
[7:27] Don't be afraid to use contracts anytime money or value is changing hands
[10:00] Setting up your business does cost money but it is necessary to set you up for success
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Disclaimer:
The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Legalpreneur Inc 2022
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