Choosing Your Business Structure
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Getting Started
Choosing Your Business Structure
Choosing Your Business Structure
You need to decide how your business is legally organized.
Sole Proprietorship: The simplest option. No paperwork, but you are personally liable for everything.
LLC (Recommended): Separates your personal assets from your business. Costs $50-$500 depending on your state.
S-Corp: Once you are earning $40,000+ per year in profit, an S-Corp can save you thousands in self-employment taxes. Most groomers do not need this until year 2-3.
Our recommendation: Start with an LLC. It is the sweet spot of protection and simplicity.
Do not forget: Open a separate business bank account immediately. Mixing personal and business finances is the number one mistake new business owners make.