If you can find where I said it is worthless, please paste it, or where I said that people who form other legal entities are fools. If you find anything in my post that is wrong, please correct it for us.
I know full well what it takes and what many of the advantages and disadvantages or various entities are, especially as it relates to tax issues since that is what I do for a living, and trust me, having a legal entity formed has not stopped some of my clients from being sued, even personally.
BTW, if there is more than one person in the business, they don't really have much choice but to form a separate entity for the business, that accounts for many millions of ones that are formed.
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Return to “Starting a CHL Instructor business”
- Mon Jan 10, 2011 6:12 pm
- Forum: Instructors' Corner
- Topic: Starting a CHL Instructor business
- Replies: 11
- Views: 2914
- Mon Jan 10, 2011 4:57 pm
- Forum: Instructors' Corner
- Topic: Starting a CHL Instructor business
- Replies: 11
- Views: 2914
Re: Starting a CHL Instructor business
If your teaching the class, don't you think they can sue the business as well as the instructor?RoyGBiv wrote:IMHO you should set up a separate company (legal business entity registered with the State) to do this business.
As an individual using a DBA you have no protection from anyone that might sue you for a business reason, or from any accident that might happen during your class. You're in a business that involves firing guns. Even if you have liability insurance, if you do not have a separate business entity and have a judgment against you in excess of your insurance limit, the prevailing party can take your personal assets as well. Setting up a separate legal entity puts up a wall between your business life and your personal life that judgments typically (not always) cannot cross...
I am not a lawyer, just a business person. This is my personal opinion, not legal advice.
Good luck with the business.!!
If you work for company x and are driving their truck, then you run a stop sign, more than likely you will be sued as the driver and the company will be sued as well.
Forming a business doesn't mean you have blanket liability protection. Forming an LLC, or Corporation might give you liability relief, then again, it might not, depending on what they are suing for. As a member of a LLC you can be a limited member or a general member. As an owner of a corporation your limited to corporate losses up to the value of your investment, but that doesn't mean as a shareholder or employee your exempt from being sued for something you do personally whether on or off the job.
- Sat Jan 08, 2011 10:53 pm
- Forum: Instructors' Corner
- Topic: Starting a CHL Instructor business
- Replies: 11
- Views: 2914
Re: Starting a CHL Instructor business
You do need to register your DBA with the county which you are going to operate your business in.
Liability insurance is your call. Depending on the range you shoot at they might be covered depending on who it is affiliated with or what not.
I started with the TCHA powerpoint, but made quite a bit of changes to it to fit my teaching plan and style. It is not a bad place to start though, it give you a pretty good base.
Oh, and good luck with it.
Liability insurance is your call. Depending on the range you shoot at they might be covered depending on who it is affiliated with or what not.
I started with the TCHA powerpoint, but made quite a bit of changes to it to fit my teaching plan and style. It is not a bad place to start though, it give you a pretty good base.
Oh, and good luck with it.