Gym Membership

[entrepreneur513]

Instead of getting an apartment, I'm going to rent a 2 room office, and pretty much live there. But of course I need a place to shower, so I'm going to get a gym membership

What I would like to know, is, is it possible to get a gym membership under the name of my LLC, instead of myself as an individual? Of course, I want to write it off on my Taxes as a business expense...

[bennihan]

Getting a gym membership to shower at is classic bootstrapping at its finest

[SendBlast]

Yeh..this is pretty much the definition of an entrepreneur.

[Gator]

you could answer the question instead of expressing your opinion. Everybody has different point of view.

[XOLegato]

Unfortunately, gym memberships are not tax deductible. There are credits available for qualified medical treatments for weight loss (get your doctor to prescribe a gym for your obesity or high cholesterol and you might have a shot), but these are usually more programs such as weight watchers rather than gyms.

There are a ton of other random tax credits available, as you are probably well aware (employee performance awards, education subsidies, all sorts of BS). If your revenue is small enough that you need to forgo an apartment, I'm sure it won't be hard to deduct your way below zero net income and avoid taxes this year

[XOLegato]

Oh, and that IS a brilliant way of bootstrapping, by the way.

[SophieM]

Could you not just go to a local (possibly free) swimming pool and get a workout and a shower a lot cheaper than a standard gym membership?

[sdiener]

Check out globalfit. If you can't deduct, you can always get it cheaper!