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EPISODE 21: Wellness Business Thriving? You Still Might Own Nothing


Who Actually Owns Your Business?
A wellness studio was booming—until one partner wanted out. No documents were signed. No rules were agreed upon. Suddenly, everything fell apart. Another studio had the same challenge… but solved it in 24 hours. The difference? One piece of paper.
 
Why This Happens
Most health and wellness entrepreneurs focus on growth, not legal structure. You trust your partner, open your doors, and keep going—without ever defining who owns what, or what happens if someone leaves.
 
How It Gets Messy
When your co-owner quits or your business hits a conflict, the law assumes 50/50 ownership—even if your time, money, or energy was nowhere near equal. Without a signed agreement, you have no legal advantage.
 
What Could’ve Prevented It
A clear operating or shareholder agreement tailored to wellness businesses. One that defines ownership, payout rules, exit strategies, and dispute resolution—so you can grow your brand without legal chaos.
 
Key Takeaways
✔️ No legal documents = no ownership control
✔️ The law defaults to 50/50—no matter what you contributed
✔️ Partnership exits without documents cost thousands
✔️ A customized agreement gives clarity, control, and peace of mind
 
🎧 Don’t just build your wellness business. Protect it. Press play now.
 
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Cory Sterling

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Law Meets Heart: The Conscious Counsel Podcast

Running a wellness business doesn’t mean you have to fear the legal side. We break down the law in a way that’s practical, empowering, and actually enjoyable.

Tune in for real conversations, legal tips, and support from a lawyer who speaks your language (and loves you).

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About Us

Heart-leading health and wellness entrepreneurs, we've got your back. The Conscious Counsel Podcast is the go-to resource for business growth and legal advice for practitioners, solopreneurs, and small businesses dedicated to making a positive impact and spreading love and wellness throughout the world.


Law meets heart. Hosted by Cory Sterling, this podcast shares real stories, practical insights, and legal wisdom for wellness entrepreneurs, fitness professionals, and heart-led business owners. Whether you’re scaling your studio, launching a retreat, or just want to make law feel less scary—this show is for you.


Whether you’re a yoga teacher, personal trainer, life coach, or holistic health professional, this podcast gives you the guidance, support, and protection you need without the confusing legal jargon. Tune in for enlightening conversations with experts, industry-specific legal guidance, and real-life case studies of conscious businesses. You do what you do to make the world a better place, and this podcast is here to clear the path so you can show up fully in your gifts. And, if you need legal help, why not get it from a lawyer who loves you?

Cory Sterling

Lawyer & Founder of Conscious Counsel

Cory is a heart-led lawyer, entrepreneur, and podcast host making law fun, accessible, and empowering for wellness professionals around the world.

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