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Old 03-07-2011, 08:13 PM   #1
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Default Firearms Instructors

I am a former Infantry Marine, working in the Executive Protection business, and looking into starting out my own small Firearms Instructor business. Currently in the process of taking the needed NRA Certification, but was wonder if there were any other things I should be looking into. For example, should it be a DBA or an LLC? What else might I need to research? I plan on trying to work part time for an already established Instructor/Company before hand for some experience, but am starting the research process now. Thanks in advance for any advice.



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Old 03-07-2011, 08:18 PM   #2
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One of the most important aspects of any home run business is being able to protect yourself from liability issues - and you need to incorporate to do that. Even an LLC will provide this basic protection which serves to isolate YOUR assets from the BUSINESS assets. Also, look at what insurance will cost you. In many cases, the cost of liability insurance will shock you. Any business involving newbies and firearms will need good insurance. It's also handy to know an accountant when tax time comes...
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Old 03-07-2011, 09:04 PM   #3
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Semper Fi...but be advised there are a lot of certified firearms instructors in civvie land. In most cases it will be a side job not a career. Good luck and I wish you success.
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Old 03-08-2011, 12:29 AM   #4
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1. See an attorney, and incorporate. Otherwise, the cost of legal defense of the first lawsuit will have you living in a cheap apartment and driving a Yugo for the rest of your life. And that is if you WIN.

2. See an accountant. When he is talking, you should be taking notes. On what records you need, in what form. And learn how the business is going to pay for your new sidearm, holster, ammo- and write it off on your taxes.

3. See an insurance agent. As a minimum, you will need professional liability insurance for the corporation. The important part- it provides for legal defense.
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Old 03-08-2011, 01:24 PM   #5
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Thanks for all the advice guys.
- I do have an accountant that is a family friend as well so I am set there. I just need to set up a meeting with him about setting all this up. I am thinking an LLC over corporation just due to it being easier and less taxes
- I know that the NRA(which I am a Life Member) offers insurance for their certified instructors, so I am going to look into that, as well as independent insurance companies.
- @7point62, I know there are a lot of certified instructors out there, and I plan on it being a side gig mainly, though in the future I would hope to maybe make some needed connections and work with/assist someone else and their company who has an established record and who helps train our brothers on Pendleton or local LEAs
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Old 03-08-2011, 04:28 PM   #6
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Quote:
Originally Posted by CplDuenas View Post
-@7point62, I know there are a lot of certified instructors out there, and I plan on it being a side gig mainly, though in the future I would hope to maybe make some needed connections and work with/assist someone else and their company who has an established record and who helps train our brothers on Pendleton or local LEAs

Rog that get in with a tactical training contractor with a solid rep, like Viking Tactics etc. Build up your creds and then branch out on your own. Any Marine infantry vet coming into the field already has a leg up.
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Old 04-03-2011, 04:05 AM   #7
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Hooyah, Marine. As someone else said, you need to LLC, just so that what is yours is yours and what is the business's is the business's. Also, probably should contact a lawyer. They ain't good for much, but they get ya out of some sticky **** sometimes. Best of luck.
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Old 04-03-2011, 04:10 AM   #8
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Quote:
Originally Posted by CplDuenas View Post
I am a former Infantry Marine, working in the Executive Protection business, and looking into starting out my own small Firearms Instructor business. Currently in the process of taking the needed NRA Certification, but was wonder if there were any other things I should be looking into. For example, should it be a DBA or an LLC? What else might I need to research? I plan on trying to work part time for an already established Instructor/Company before hand for some experience, but am starting the research process now. Thanks in advance for any advice.



Semper Fi.
LLC is the way to go, if your state permits it. You get the protections of a corporation and taxed as a sole proprietorship.

https://www.legalzoom.com/llc-guide/limited-liability-company-edu-center.html

Form a Limited Liability Company (LLC) Online with LegalZoom

Good luck with your new venture..
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Old 04-03-2011, 05:13 AM   #9
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Welcome to the FTF community and thank you for your service. Best of luck with your new venture.
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Old 05-09-2011, 04:35 PM   #10
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Thanks for the info.
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