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The $20K Mistake: How Your Business Structure Is Costing You Big Time
You might be running a successful gym on the surface…
But if your business structure is off, you’re likely bleeding profit behind the scenes.
In this episode, we walk through the real financial impact of operating as a Sole Proprietor, LLC, or S-Corp — and show you how smart gym owners use structure to save $20,000+ per year without adding a single new student.
We cover:
LLC vs. S-Corp — which one makes more sense as your profits grow
Why "reasonable salary" matters for S-Corp owners
The Augusta Rule, hiring your kids, and home office write-offs
A side-by-side breakdown of tax savings on $100K in net profit
⚠️ DISCLAIMER
I am not a CPA or licensed financial advisor. What you’ll hear in this episode is not tax advice - it’s strategic insight. Always consult your accountant or financial professional before making decisions about your business structure or taxes. And if you don’t have one? Get one. Tax laws change often, and the right accountant can help you save far more than they cost.
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By Larry KooymanYou might be running a successful gym on the surface…
But if your business structure is off, you’re likely bleeding profit behind the scenes.
In this episode, we walk through the real financial impact of operating as a Sole Proprietor, LLC, or S-Corp — and show you how smart gym owners use structure to save $20,000+ per year without adding a single new student.
We cover:
LLC vs. S-Corp — which one makes more sense as your profits grow
Why "reasonable salary" matters for S-Corp owners
The Augusta Rule, hiring your kids, and home office write-offs
A side-by-side breakdown of tax savings on $100K in net profit
⚠️ DISCLAIMER
I am not a CPA or licensed financial advisor. What you’ll hear in this episode is not tax advice - it’s strategic insight. Always consult your accountant or financial professional before making decisions about your business structure or taxes. And if you don’t have one? Get one. Tax laws change often, and the right accountant can help you save far more than they cost.