When opening your music lesson business getting started on the right foot is ideal. The right foot would mean to get your business registered with your state. Registering your business for free (simply, means not needing to pay another company to register your business). Because it’s very easy to do! However, every state has their own fees associated with registering your business. Additionally, it would be a great idea to find out what all your state offers for small business. Many states offer small business services such as counseling and so much more.

BENEFITS OF REGISTERING YOUR BUSINESS

There are numerous benefits to registering your business name, among them are things as simply being able to set up a bank account in only your business name, so that when parents pay you they will make the payment out to your business name. Your merchant service account can have your business name, and setting up CREDIT IN YOUR BUSINESS NAME. The first thing is to do research on business structures, to determine which of the following structures: LLC, S-Corp, C-Corp etc. are best for you. I started as a DBA, then an LLC and then Incorporated as my business grew. However, it’s best to consult your tax accountant and your attorney to get an idea of what’s best for where you currently are in your business.