I can only tell you what I was told.
While instructing, you are on the hook no matter how you set things up. Setting up an LLC is cheap and you can keep expenses/income that relate to teaching all in a separate bank account.
If you are an independent instructor and allow students to use/rent gear get air fills etc, run it all through the LLC. That way the LLC will give you some personal protection if something goes wrong with the gear/air/etc. If you do rent gear there will be an additional insurance requirement so keep that in mind.
While instructing, you are on the hook no matter how you set things up. Setting up an LLC is cheap and you can keep expenses/income that relate to teaching all in a separate bank account.
If you are an independent instructor and allow students to use/rent gear get air fills etc, run it all through the LLC. That way the LLC will give you some personal protection if something goes wrong with the gear/air/etc. If you do rent gear there will be an additional insurance requirement so keep that in mind.
