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I would get the LLC since you are training privately on the side. This separates your personal assets from any work liability. Also, get PT insurance as well. NEXT provides great affordable insurance for trainers.
Should a gym be an LLC?
While some gyms do become corporations, the great majority become LLCs (limited liability companies). Becoming an LLC protects you personally from business-related liabilities. In addition, the record-keeping rules are more lax than with corporations. Plus, you can decide how youre taxed for potential savings.
What is a PT agreement?
A Personal Training Agreement is essentially a contract between a trainer and their client that sets out all the essential details of their arrangement.
What is the basic personal training agreement?
It includes details such as the payment schedule, cancellation terms, and the clients training goals. The contract also protects the personal trainer from liability and holds the client responsible for training safely.
What is the best business type for a personal trainer?
Limited liability company (LLC): This type of business setup is popular in the personal training industry. An LLC gives you limited liability protection, which means your personal assets are safe from any debts or problems with the company, and it also has pass-through taxation.
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Along with liability protection, an LLC signals to your clients how seriously you take your business. It shows them you are professional in how your run your business. This can be comforting for would-be clients as it can help separate you from other coaches.
Should I create an LLC as a personal trainer?
If youre going into clients homes, its a good idea because, like forming an LLC to separate your business from your assets, it could protect you from any liability in the (unlikely) event a client becomes injured. As an NASM Certified Personal Trainer, you have access to an affordable liability insurance program.
How much is a 1 hour PT session?
Accurate Prices for Personal Training In the UK, personal training sessions typically range from 30 to 65 per hour.
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Client/Personal Trainer Agreement. This agreement ensures that the role of the trainer to client and client to trainer is clearly appreciated and understood.
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