Tasks

Clear
#19 Choose entity type (LLC vs S-Corp) ✏️
Consult CPA/attorney. LLC simplest for single owner; S-Corp for tax savings above ~$60K profit.
📁 Legal & Entity Formation high
#20 Register business with state Secretary of State ✏️
File articles of organization/incorporation. ~$100-300 depending on state.
📁 Legal & Entity Formation high
#21 Apply for EIN with IRS ✏️
Free online application — takes 10 minutes.
📁 Legal & Entity Formation high
#22 Open business bank account ✏️
Bring EIN, articles, operating agreement, ID. Get debit card + online banking.
📁 Legal & Entity Formation high
#23 Draft partnership agreement with American Ballroom Company ✏️
Revenue split, liability, scheduling, termination clauses, IP ownership. Attorney review required.
📁 Legal & Entity Formation high
#24 Bind general liability + professional liability insurance ✏️
Minimum $1M/$2M GL, coach professional liability, accident medical for students.
📁 Legal & Entity Formation high
#25 Register for state sales/use tax account ✏️
Required for merchandise, drop-in fees, camps, and retail.
📁 Legal & Entity Formation normal
#26 Get workers comp insurance ✏️
Required in most states once you hire employees.
📁 Legal & Entity Formation normal