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Business Structure for Massage TherapistsWhen you subcontract from a chiropractor or other business or start your own massage business you are setting up a business and need to determine what business structure will best suit you for protection and tax paying purposes. The basic categories are: Sole Proprietor - As a sole proprietor, you are personally responsible for all aspects of expenses, liability and you file a Schedule C with your personal taxes. You basically are your business. For more information:Sole Proprietors at wikipedia.com Limited Liability Company (LLC)- not to be confused with a corporation. They are sort of a combination between a Partnership and a corporation. The IRS website defines the business structure of a LLC as:
There are also Corporations (S and C )and Partnerships which you can find out more about on the IRSWebsite Since the Sole Proprietor business structure is usually the easiest to create, most massage therapists choose that form. One of the problems that I think can come out of that is that many massage therapists start to think of themselves as the business and see no separation between what they do and it becomes who they are. While I personally have been a sole proprietor for over 20 years, I can now see that there may have been a better choice. While you can set up your own corporation, partnership or LLC, it is also helpful and advisable to seek out legal consultations and accountant advice to make sure you pick which will be the best for you. For More information: IRS Comparison of Business Structures
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