I have been a trainer for 2 years now in August. I started off working for LA Fitness in Michigan where i live and the pay was horrible for having a bachelors degree first of all. I had great clientele, but left in search of another job with a different gym because the amount i was making was not enough to take care of my son. Now i am at Anytime Fitness where i absolutely hate where i train. I need to setup my own LLC but do not know how to even start that. Help on why Michigan is so bad with personal trainers making a living for themselves and just starting out?
I live in Wisconsin, and it is the State that issues LLC’s for a fee. I believe I pay $125.00 a year and $10.00 for the official certificate. An LLC will better protect your personal assests in a law suit rather than a ‘sole proprietership’.
Do not rely simply on the LLC or your Professional liability insurance or waivers, to protect you. You can still be sued, so yes find an attorney you trust for advice if and when you may need it.
It is HARD starting out on your own. I’m into my 2nd year at it, and am still struggling with a shoestring budget. Every dime I can beg, borrow or steal goes into my my business which still seems like a “big black-hole”!