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The Fitness Business Podcast with Erin Dimond and Jordan Dugger

655. How To Create An LLC and When You Actually Need It

The Fitness Business Podcast with Erin Dimond and Jordan Dugger

Erin Dimond and Jordan Dugger

Health & Fitness, Nutrition, Fitness

4.6667 Ratings

🗓️ 10 July 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Short and to the point episode around a topic I get a lot of questions around and that is when should you establish your LLC and make your business legitimate. Immediately? Can I wait? The take home message in this episode is don't let it be the excuse for not taking action. Market and deliver your coaching services and establish the LLC when it becomes a constraint to growth. Listen in as I explain more!

 

Time Stamps:

 

(0:44) What’s an LLC?

(1:40) What an LLC Does For You

(3:11) What To Name Your LLC

(3:41) The LLC Setup Process

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Transcript

Click on a timestamp to play from that location

0:00.0

You can still coach clients, charge for your services, post content without having one yet.

0:04.4

So do not let I haven't set up my LLC be the reason that you stall and you don't take action.

0:11.1

Hello guys. Welcome back to the podcast. Today I'm talking about a topic that trips up a lot of new

0:16.1

business owners, LLC's, EINs, whether you actually need it to start making money, and I will cut right to

0:21.2

the chase, you don't. You don't need it to start making money. In this episode, I'm going to

0:25.0

tell you exactly what both of those things are, why they matter when you actually need them,

0:29.4

and how to get them done fast, step by step so you can move on and focus on what really

0:33.4

matters, which is getting clients, making money, and helping people. So let's go ahead and

0:38.3

let's just dive in. So first, what is an LLC? Well, that stands for limited liability company.

0:43.7

It is essentially a business structure that gives your company some sort of legal protection.

0:48.0

So if something would ever go wrong, your personal assets would be protected. And it sounds

0:52.4

fancy, but it's just very, very common.

0:54.4

Most small businesses and most coaches, they start out with an LLC. Here's the key takeaway.

0:59.5

And I'm going to be redundant on this point, and I don't care because no matter how many times

1:03.5

I say this, I just have to keep saying it. I end up coming back to it. So many people get stuck here.

1:08.3

You don't need an LLC when you're just getting started you can still coach clients charge for your services post content without having one yet so do not let

1:16.1

i haven't set up my LLC be the reason that you stall and you don't take action so that being said

1:21.3

once you have in place then or i'm sorry that being said once you start making money once that step

1:27.0

happens first,

1:27.8

then it's time to go ahead and get it in place.

1:30.3

So why do you need an LLC?

1:33.2

What is an EIN?

...

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