In this episode of The Elite Trainer Podcast, Kyle is joined by Mind Pump’s Doug Egge to unpack the business and tax essentials every trainer needs to know. Whether you’re a brand-new coach or planning to go independent, you’ll learn how to structure your business, the pros and cons of an LLC, when to consider S-Corp taxation, and how to avoid costly mistakes with the IRS. Doug shares practical advice on write-offs, audits, tracking expenses, and building a long-term financial foundation as a trainer. This episode is packed with value—don’t skip it.
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Setting Up Your Training Business (00:00)
LLC vs Sole Proprietor — What Trainers Need to Know (02:56)
When to Start an LLC (05:43)
Why You Need a Separate Bank Account (07:12)
Big Mistakes to Avoid with Taxes (09:19)
LLC vs S-Corp — Save on Taxes (11:12)
Top Tax Deductions for Trainers (15:33)
The Audit Risks You Need to Know (18:00)
Hiring a CPA vs DIY Taxes (20:02)
How to Track Receipts & Stay Organized (22:11)
Using Software to Simplify Finances (24:17)
Final Advice for New Trainers Starting a Business (25:13)
Follow Kyle Pullin - @MindpumpKyle on InstagramFollow Doug Egge- @MindpumpDoug on InstagramFollow Mind Pump Fitness Coaching on Youtube - @EliteTrainerAcademy Follow Mind Pump Media Podcast on Youtube - @MindPumpShow
