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

We are in the process of updating our Resident Agent information with the State of Utah. The updated information will be posted on this website on Monday, March 16th by 5:00 p.m. MST.

Once posted, any legal counsel details, accounting counsel details, or other official points of contact will be available through that Resident Agent listing. These details will only be provided to individuals or entities who:

  • are involved in an existing or pending legal dispute,

  • require verified wage or employment information, or

  • are participating in the Debt Resolution Plan process.

This approach ensures that sensitive information is shared only with the appropriate parties and through the proper channels. Any emails sent to racacllc@gmail.com will be responded to by our Resident Agent starting Tuesday, March 17th.

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