![]() ![]() LLC Tax Benefits and Options for a Massage Therapy Business To maintain your LLC's limited liability protection, you must maintain your LLC's corporate veil. Your personal assets will not be affected.Īn LLC will also protect your personal assets in the event of commercial bankruptcy or loan default. Should the court find the business guilty, only the business’s assets will be used in providing compensation. You've reported this to the product company, but your injured clients still file a lawsuit against you, citing negligence. In this scenario, your personal assets will be protected from any damages for which the business is found to be responsible.Įxample 3: The latest batch of massage lotion you ordered for your business has resulted in multiple burn cases for several clients. She sues your company for medical compensation, having sustained a hipbone fracture due to a slippery floor. With an LLC structure in place, your personal assets will remain safe from fines imposed by the court.Įxample 2: A client claims that on her way to the bathroom after receiving a massage, she slipped and fell. During the course of the session, your masseuse unintentionally aggravates his injury, and he proceeds to sue your business for medical damages. Additionally, given the physical contact involved in massages, the business could face the risk of harassment claims against its owner or employees.Įxample 1: A client with a preexisting injury comes into your business premises for a massage. Massage therapy businesses will benefit from liability protection because of the risk of trademark infringement, workplace accidents, and financial data breaches. This means your personal assets (e.g., car, house, bank account) are protected in the event your business is sued or if it defaults on a debt. LLCs provide limited liability protection. Protect your savings, car, and house with limited liability protection. ![]() LLC Benefits for a Massage Therapy Businessīy starting an LLC for your massage therapy business, you can: ![]()
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