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Hi Traci,
Your idea sounds great! I would probably talk to the Dance Studio owner and see if they have any specific rules regarding things like advertising and insurance. I would make sure I have insurance just to be safe anyway. I have the Yoga Journal insurance which I feel is quite reasonably priced. I think this type of venue is really great as perhaps you will get alot of parents doing yoga while their children are in dance class. Wish I could be more helpful, but I am new at this too. 
I wish you the best of luck anyway.
Namaste,
Jeann
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