Debt Resolution Plan in Progress

Rise Athletic Club paused operations in August 2025. Since that time, we have been working to organize, verify, and resolve all outstanding obligations owed to past members, vendors, and former employees. Several individuals have already received partial payments as part of these ongoing efforts.

We are now in the final stages of preparing a formal Debt Resolution Plan. This plan will outline the process for addressing all remaining balances, including prepaid memberships, vendor invoices, and wage‑related obligations. It is being structured to ensure clarity, fairness, and a responsible path forward for everyone involved.

After extensive review and professional counsel, moving forward with a formal Debt Resolution Plan has been determined to be the most appropriate and equitable approach for all parties.

The full details of the plan will be released once the final agreements are completed. At this time, no action is required from past members, vendors, or employees.

In addition, we will continue and complete this Debt Resolution Plan while certain legal matters remain pending and forthcoming. These matters include a determination by a court of law regarding:

  • the rightful ownership of RAC AC LLC in the State of Utah,

  • whether the lease for the premises at 711 Parkway Drive was valid, and

  • whether any misrepresentations or interferences occurred under Rule 4.1, Rule 8.4(c), or Rule 1.2(d).

    If you have questions, you may contact us at RACACLLC@gmail.com.

These questions are now part of an ongoing legal review. The Debt Resolution Plan will remain in place throughout that process. We are proceeding with a Debt Resolution Plan rather than a Chapter 11 (Subchapter V) filing in part because it is not yet clear whether we have the legal authority to initiate such a filing at this time.

If you have questions, you may contact us at RACACLLC@gmail.com.

We appreciate your patience as we complete this process. Our commitment is to provide a transparent, organized, and fair resolution for all outstanding obligations. Updates will be posted here as each step is finalized.

RESIDENT AGENT INFORMATION FOR CONTACT

Sincerest apologies for the delay. We are currently finalizing the update to our Resident Agent information with the State of Utah. As part of this process, our Resident Agent will retain all required records, complete all internal audits, and bring all filings fully current. The revised Resident Agent details will be posted on this website on Friday, April 10, 2026.

Our current Resident Agent and Attorney representing CABIOS in all matters related to RAC AC LLC is in the process of being transitioned in. This transition is being handled formally and in accordance with all applicable requirements. Once the updated listing is published, all official points of contact—including legal counsel, accounting counsel, and other authorized representatives—will be accessible exclusively through the Resident Agent record.

To ensure proper handling of sensitive information, these details will only be provided to individuals or entities who meet one of the following criteria:

  • Are involved in an existing or pending legal dispute

  • Require verified wage or employment information

  • Are participating in the Debt Resolution Plan process

This policy ensures that confidential information is shared only with appropriate parties and through the correct legal channels.

Any emails sent to racacllc@gmail.com will receive a response from our updated Resident Agent beginning on or about April 10, 2026.

Unauthorized Conduct & Misrepresentation

Any individual or entity that engaged in unauthorized use, misrepresentation, or exploitation of RISE Athletic Club, its brand assets, intellectual property, or business operations during periods of downtime, transition, or maintenance is hereby formally notified that such actions are strictly prohibited.

RISE Athletic Club, its parent company, and its affiliated entities reserve full legal rights to pursue remedies for:

  • Unauthorized commercial activity

  • Misuse of brand identity, likeness, or proprietary programs

  • Unauthorized coaching, training, or program delivery under our name

  • Interference with business operations or member relationships

  • Misappropriation of proprietary systems, processes, or content

  • Defamation (verbal or written) of its officers, representatives, or those of CABIOS

  • False claims or misrepresentation regarding the condition of the property, including any suggestion that RISE Athletic Club or its officers caused damage or deterioration

    Property Condition Clarification

    RISE Athletic Club has upgraded, improved, and enhanced the property under its stewardship. Any statements implying that the facility was “run down,” “damaged,” or “neglected” by RISE Athletic Club or its officers are false, misleading, and will be treated as intentional misrepresentation.

    Defamation & Legal Action

    Any defamatory statements — including slander, libel, or reputational harm — directed toward officers of RISE Athletic Club, KWC Global Capital, or CABIOS will be documented and addressed through the appropriate legal channels, including court action when necessary.

    Zero‑Tolerance Policy

    All activities conducted under the RISE Athletic Club brand must be expressly authorized in writing. Any past or ongoing violations will be reviewed, documented, and pursued without exception.

W‑2 Information for 2025

Rise Athletic Club paused operations in August 2025. Since that time, we have been working to organize, verify, and resolve all outstanding obligations owed to past members, vendors, and former employees. This includes efforts to recover and restore access to our 2025 payroll records.

Our payroll system became inaccessible after operations ceased, and we are actively working with the provider to regain access so that we can issue the remaining 2025 W‑2 statements. This process is ongoing, and we will provide updates as soon as the records become available.

If you need to file taxes before we regain access

The IRS allows employees to file their tax return even when a W‑2 cannot be obtained due to circumstances such as a dissolved business or inaccessible payroll records. In these situations, the IRS provides Form 4852 (Substitute for Form W‑2), which allows you to file using your final pay stub or other wage records.

Employees may use Form 4852 if:

  • The employer has closed or dissolved.

  • Payroll records are unavailable or inaccessible.

  • A W‑2 cannot be obtained after reasonable attempts.

Form 4852 can be filed with your tax return and is accepted by the IRS as a substitute for a missing W‑2.

No action required at this time

We are continuing our efforts to restore payroll access and issue the official 2025 W‑2 statements. Once the records are recovered, we will notify all former employees immediately.

Regards,

The RAC AC LLC Team