Do not dismiss incorporation on the belief you “spend everything you earn as a dentist.” Incorporation is about providing income in a tax efficient manner, even if you spend everything.
Dental incorporation can help provide:
As a new dentist graduate, there are benefits in timing your incorporation, by first utilizing strategies to clear your student debt before you incorporate.
When opening, buying or selling a dental practice, dentists face a multitude of situations that require expert advice and guidance. We can assist with:
Not long ago, legal advances were made that allow business, including the dental practice to be managed as a corporation. For various reasons, however, more than 75% of dental practices have yet to harness the power of incorporation. On the most basic level, taking this step can significantly improve your bottom line through annual tax deferral equating to as much as 27 percentage points. On a broader spectrum, incorporating may be the best thing you do for your financial well being
. The benefits of practice incorporation should not be overlooked and can be discussed with our incorporation expert. Contact us today for an initial complimentary consultation, or to seek a second opinion.