Starting a Wedding Planning Business in 2024? Do THIS First!

[@cheyennelong8278]

Thank you for this video and for doing what you do! I'm obsessed! My question is for the legal side of the card. Do you wait to file as a sole proprietor/LLC or file right away? Also, taxes, and what paperwork do we fill out, etc?

[@candice.coppola]

I'm so happy to help Cheyenne! Thanks so much for watching and for asking me questions. This is a great question and I am definitely going to teach you this inside The Wedding Planner Business Blueprint. I would set up an LLC straight away to protect your business and be legally legit. It's very simple and easy to do (I have an online service I can recommend if you want to email me) and once it's set up, you're good to go. For taxes, you'll want to keep good financial records of your expenses and the money you make. For your first year, you can probably use the same accountant who does your taxes currently. As your business grows, you may want to look into more comprehensive tax services. If you're in the US, something like H&R Block should be OK for your first year or two! :) I hope that helps and don't forget to sign up for the waitlist for WPBB!! XOXO

[@cheyennelong8278]

@candice.coppola thanks for your response girl! You're so informative and you go into depth to help me see and understand questions I didn't even know I had so it's a great pleasure to listen! I plan on checking out this blueprints for sure! I've been doing my own taxes for years now plus I own my other business as well but taxes have been the biggest hurdle for me. I have a business checking account to help keep track.

[@JoyfulSelah]

What are typical start up costs?

[@candice.coppola]

Great question! I have a blog post on this blog.candicecoppola.com/list-of-wedding-planner-expenses/

[@JatinKumar-eb8tb]

you sold your business for teach us really ? could you please make an video on how I can start my wedding planing business by learning first.