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Breaking Boundaries: New Salon Model, No Regulations | Nick Mirabella | Entrepreneur | Mentor | Coach | TheWarehouse.salon | NickMirabella.com
Manage episode 399390553 series 2930394
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Tune in to hear Nick tell you all about his new business model that does not have to adhere to licensing and other regulations.
*Confirm with a lawyer, this is not legal advice*
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KEY TAKEAWAYS:
- Nick runs a Private Membership Association (PMA)
- A PMA means that the Federal and State Government rules do not apply as long as no one is in immediate danger and you are not conducting evil practices (verify legal language with a lawyer)
- There are service-providing members and service-receiving members
- A PMA is allowed to pay for the lifestyles of its members.
- Service-Providing Members are instructed to form an LLC and collect a % of dues collected from service-receiving members.
- The PMA needs to have meetings regularly to maintain legitimacy
- All members can have varying levels of influence. There are also founding members.
- Service-receiving Members pay a lifetime membership or a monthly membership. Or you can make the dues payable based on the services they received on each visit...for example: "What amenities did you take advantage of today?... Your dues for the day are..."
- Check out Revel Alliance on YouTube: search- "Revel Alliance YouTube Private Membership Association."
- PMAs do not require and do not have to comply with state licensing, health department inspections, alcohol service, etc.
- PMAs do not have to wait around for licensing when first opening. This means you are not paying rent for a property you cannot use while you are waiting for the state to grant you licensure.
👉Follow Nick on Instagram & check out his websites on his episode page
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