Setting Up A Business - Personal Trainer Community - Forum

[smokinhotbod]

Hi, I recently got my ACE group fitness instructor certification and am going to take my NASM personal trainer test within the next couple of months.

I have several clients I am training already, but I was curious if anyone here could give me some advice on setting up a business.

I'm not sure how I should keep track of my money for tax-filing purposes. Don't businesses have to file taxes more often than regular citizens? Does anyone here have an accountant or do you do your taxes yourself?

Thanks in advance you guys, this forum has some really great information on it.

[kaiserS]

I don't necessarily have any accounting info for you, but you may want to check out my whistleblower report, focusing on fitness as a business and marketing - http://www.super-trainer.com/reports

[nihoffman88]

Hey

Depends on the type of business you are starting, LLC, Sole Pro, Partnership, etc. If you're a corp you'll have to estimate taxes and pay quarterly I think, as well as file a lot of other paper work. So it just depends on the business but for the most part taxes shouldn't be that difficult, what is more important is the liability side.

I'm a CPA but do not do work on the tax end, so I'd research the topic and most business books give you descriptions of each business type.

Hope this helps some, thanks.