4.6 • 667 Ratings
🗓️ 30 May 2024
⏱️ 12 minutes
🧾️ Download transcript
If you've been dragging your feet when it comes to the legal side of your business or ready to hire assistant coaches but not sure how to structure their contract legally, we have you covered in today's episode! We'll cover everything from getting started with filing your LLC and EIN to your scope of practice when it comes to nutrition recommendations to how to properly construct an assistant coach's contract in the event they leave.
Time Stamps:
(0:37) The Legal Side of Business
(1:35) Used to Manage A Rapper
(3:27) Understanding Your State Laws
(4:23) Avoiding ENT Content Without Being a Registered Dietitian
(5:17) Program Disclaimers
(5:27) LLC’s, EIN’s, and Payment Processors
(6:52) Program Agreement or Contract
(7:43) General Liability Insurance Once You’re Established
(8:15) Contractor Agreements
(11:17) Motion vs Action
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0:00.0 | A lot of coaches, they get stuck in motion, which is like, oh, my, my website, my legal name, right? |
0:06.1 | So even your legal name doesn't matter. Like, whatever you register your LLC under, |
0:09.4 | like we have LLCs that are literally Wop, wet-ass pussy, or MMFB, make money fuck bitches. |
0:14.4 | Like we just come up with funny LLC names because that doesn't matter. You can call your business whatever you want. |
0:18.9 | You just need to have an LLC that's registered. And it doesn't matter. You can call your business whatever you want. You just need to have an LLC that's registered. And it doesn't matter. It doesn't need to be the name that you even call your business. |
0:23.9 | You can change that whenever you want. What's up, everyone? Welcome back to FibBIS podcast. Jordan, |
0:28.9 | your co-host here today. I'm going to share with you guys today how to make sure you're legal |
0:32.7 | operating as an online health and fitness coach. Okay. So I'm going to cover the legalities around, you know, |
0:37.9 | certifications, being able to do like things like meal plans. If you're not a registered dietitian, |
0:42.4 | how to give nutritional advice with proper disclaimers. I'm also going to talk to you about how to |
0:47.2 | register your business, you know, as a LLC and to get your EI in. We'll talk about contracts and |
0:52.4 | program agreements, when and how to get insurance, |
0:55.4 | all those nuances. But before I jump in, I want to share a story about when I started a business |
1:00.7 | in my early 20s, well, tried to, and I really didn't follow any recommended procedure. I just |
1:07.0 | kind of jumped in and moved fast, and then the business ended up getting shut down, because I tend to move a little quickly with things like that. And there's a fine line between |
1:15.5 | like using the legalities as a motion, a thing that's like, oh, well, I'm working on getting my LLC |
1:21.8 | and you're doing that for like weeks at a time or months or, well, I'm not certified yet. So you're |
1:26.2 | not taking action. And there's a middle |
1:27.7 | ground between knowing when to just take action versus knowing like when you're at risk. |
1:32.5 | But to take you back, I used to manage this rapper in Columbus named Submulac. It's Columbus |
1:38.1 | spelled backwards. And a friend of mine who was a really up-and-coming rapper and he asked |
1:42.8 | me to be his manager because I had some business acumen, |
... |
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