Start up on the right path
When hobbyists see an opportunity in their niche, or even larger industries, it can be tempting to just dive right in and see what happens. Taking a step back, however, to plan and think about the big picture can save you time, money, and stress in the not-so-distant future. If you’re at the starting stages of turning your hobby into a real business and you don’t have a Business Plan, stop everything and make one now.
After you have your plan, you can evaluate what type of separate business entity you want to register. The pros can tell you, registering a business entity is a step you do not want to skip. Registering your business entity is one of the first things you want to do to actually get started. After all, the last thing you want is to have your hobby side hustle end up in a lawsuit that forces you to sell everything you own. The liability protection that comes from operating a properly run and registered business protects your personal assets in case anything goes wrong at your business.
Affordable help is available
For side hustlers and moonlighters, finding enough time to do things right, and stomaching the start-up costs, can be a real challenge. Fortunately, Rocket Lawyer can help you save time when it comes to getting set up, and save you money when it comes to getting the legal advice and documentation that you need to run your business. An annual Rocket Lawyer membership costs less than what many experienced lawyers charge for 1 hour of their time.
Take the next steps:
Don't just dream about building your own business, make a plan. There is a lot to do, and planning is a critical first step.
It's normal for business owners to not know what they don't know. Whether you're breaking ground in a new industsry, or rolling out a second location, professional legal and business help makes a big difference.
You and the hard work that went into building a business can be better protected when you register that business as a separate entity. With a Rocket Legal+ membership, your first business registration filing is FREE (excluding state fees).
Whether you're starting from scratch, hiring your first employee, or building your empire, Rocket Lawyer has the legal documents and support for you. If you have questions about registering a business for your side hustle, reach out to a Rocket Lawyer network attorney for affordable legal advice.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.
