One of the first questions new clients ask me when forming a new fitness business is whether or not they should form as an LLC or an S-Corporation. These two types of entities are selected by more than 90% of my clients because each is tax favorable to the business owner (both entities have flow through taxation, meaning, the business does not pay tax – but instead the earnings of the business flow through to the member’s/shareholder’s personal tax return where taxes are ultimately paid).
Hiring dependable employees is one of the fundamental aspects of running a gym. During the hiring process, it is typical for a manger to interview candidates for an open position. In order to avoid discrimination claims being filed against the gym by candidates that were ultimately not hired, business owners should counsel their staff to avoid asking the following illegal interview questions: Illegal Questions:RaceWhat is your race?National Origin/Citizenship