Turn Your Yoga Teaching Job into a Business

Make an LLC

The first step toward turning your side yoga job into a business is incorporating your business into an LLC or a Corporation. This turns your business into a separate entity that can have a bank account and receive and make payments.

Having a formal business can help in many ways. First, separating the business from your person helps to decrease your personal liability, so if an issue arises, there is limited ability for anyone to go after your personal assets.

If you’re a contractor anywhere, you know that taxes don’t automatically come out of your check like they do when you work a full-time job. Creating a business structure allows you to pay taxes quarterly and pay yourself through the business.

Having a business also allows you to write off a lot of expenses related to teaching yoga, including gas, equipment, and even your teaching “uniform.”

Protect Yourself with Liability Insurance

As a new business, it’s best to protect yourself against accidents and even people looking for an opportunity to sue somebody. Having a business structure helps to protect you, but go ahead and take the step of buying liability insurance for yoga teachers.

Set Up a Website

Get off Instagram and build up your professional web presence now. There are many easy options for building your own site.

Put yourself in the best position for potential clients to find you in a web search, and show off all the work you’ve done. It seems like a no brainer.

Here’s to your successful yoga business!