Welcome to Kerry Carroll’s Blog
Legal education for Coaches & Creative Entrepreneurs
Grab a cup of coffee, friend. Let's bust some new business myths.
Hey there, friend! If you're reading this, it's safe to say two things. One, you're looking to dive headfirst into the rollercoaster of entrepreneurship (and gosh, what a thrilling ride it is). Two, you've heard a lot of things about starting up a business – some great, some downright scary.
Well, dear reader, it's time to slay those business myths and misconceptions that are standing between you and your entrepreneurial dreams. Because let me tell you, little nuggets of misguided wisdom can be more damaging than any hiccup on your journey to success.
So let's get the truth bombs dropping, shall we?
Mastering the Art of Signing Enforceable Contracts: A How to Sign a Contract Guide for Coaches, Creatives, and Entrepreneurs
I know that "How to sign a contract" may seem obvious but contracts are so important to business that it is worth taking time to fully understand. Contracts are essential to make sure you are fairly compensated but they also set the tone for your client relationships. If you're ready to make sure that your hardworking contract actually works for you and is signed correctly, you've come to the right place.
LLC or S-Corp? Business Entities demystified: What are the differences and which is right for me?
The age old question: LLC or S-Corp? Today, we are decoding the differences between LLCs and S-Corps and helping you determine which business entity is right for your business. We lay out the benefits of both LLCs and S-Corps and explain why both might be right for your business.
Crafting Confidence: Why creatives, coaches, and entrepreneurs need contracts
You probably have a sneaking suspicion that contracts are important to your business. But maybe you’ve been crossing your fingers every time you send one out? Or you’ve been using one that you bought from Etsy and you’re just not sure if it really has you covered? Or have you been stung one too many times by a client who doesn’t cooperate? No matter what your history with contracts is, we can get you squared away STAT.
All 50 States: Secretary of State Sites and Business Entity Searches
Applying to register your business entity is often very straightforward. Registering can usually be completed in under an hour, depending on how complex your business is and which structure you’ve chosen for your business. For many coaches, creatives, creators, or entrepreneurs, an LLC will be the best fitting entity structure.
If you’re ready to get started, you need to visit your state’s Secretary of State website to learn the specific rules, requirements, guidelines, and fees for where you do business. To help, I’ve collected the relevant Secretary of State website for each state.
What does Scope of Practice mean for entrepreneurs, creatives, or coaches?
Are you an online business over services like coaching, consulting, or design to your clients? If so, you may have tripped across the term “scope of practice” and if you haven’t heard of it, you are going to want to get super familiar, like inside-the-fantasy-suite-on-the-Bachelor-familiar quickly. Fortunately, I’m your legal bestie and can give you the details right now.
Which Business Entity is Right for Me?
Hey there! So you’re starting a business, that’s so exciting! Or maybe you already have one? That’s even better! Bravo!
But before we go too far, did you form a business entity? Like a Sole Proprietorship, an LLC, partnership, or corporation? If you didn’t quite get to that yet. We can get you sorted out STAT.
The Force Majure Demystified
If you were in business during the pandemic, you are probably already very familiar with the Force Majure contract clause. But if, by some special blessing, it did not come up for your business in the last few years, let me explain why you want to understand it and, definitely, include it in your agreements.
In brief, it’s a legal clause that frees both parties (yay, for protecting you and your clients) from contractual obligations and duties if an extraordinary event prevents one or both of you from performing. If we want to get super technical “Force Majure” is not a doctrine in common law, meaning it is not a rule that if followed, instead it is a handy title for a common contract provision.
Entrepreneurs Guide to EIN Numbers
An EIN, or Employer Identification Number, is like your business's very own fingerprint. Just like we have Social Security Numbers (SSNs), businesses have EINs. It's a unique code that helps the IRS track your business activities, taxes, and other financial info.
Think of your EIN as a key to unlock business opportunities. You'll need it to open a business bank account, hire employees, file taxes, and even apply for business credit. It's a must-have for growing your venture.
Top 6 Legal Mistakes that Small Businesses Make
Now if we are business friends, I know that you aren’t making these legal mistakes, but if you’re new to the game or just put legal squarely on the back burner, you are going to want to look at this list and make sure you aren’t making any of these super common legal mistakes and putting your brilliant biz at unnecessary risk.
What Small Business Owners Need to Know About GDPR Compliance
One of the best things about the Internet is that literally everyone, everywhere can be your client.
That’s exciting! I love looking at my site analytics and seeing which countries light up for visitors, don’t you? But the downside to all this global interconnectedness is that rules and regulations for countries outside of your own often apply to your business.
What?! Quelle Surpise!
Yup, if clients or customers can access your business outside of your home country, you may be subject to the laws of the client’s home nation. A well-written website terms and conditions statement can certainly help, as would a solid terms and conditions of sale agreement, and a carefully written client agreement.