As you plan for your new dental practice, one of the decisions you’ll need to make is the selection of your business entity. This decision will dictate how the business is structured, and will have an impact on everything from how employees are compensated to what kind of tax breaks your practice might be able to take advantage of.
In all likelihood, you are going to want to seek the advice of an experienced, reliable dental CPA when you are thinking about how to structure the business entity of your practice. In the Tampa Bay area, you’ll find no dental business consultant more ready and able to provide the dental practice management guidance you need to find financial success than Reliance Consulting, LLC.
The selection of your business entity will have legal and tax ramifications that might be difficult to foresee without the aid of a dental CPA from Reliance. The size and scope of your practice are factors that should be considered, as are the number of people who are involved in creating or purchasing the practice. In general, the choices come down to:
The way these entities are structured can vary greatly from company to company. That’s why the selection of your practice’s business entity is never a one-size-fits-all decision. A dental CPA from Reliance will take the time required to truly get to know your goals and plans, and help you reach a decision that satisfies your precise requirements. Contact Reliance today to get your dental practice started on the path to profitability.