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Dental Partnership Legal Structure

by PracticeCFO | February 12, 2025
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Summary:

In this episode, we explore the financial and legal intricacies of dental partnerships. Learn about the pros and cons of various legal structures, including S corporations and partnerships, and why selecting the right setup is crucial for tax efficiency and liability protection. Our host also shares tips on payroll, 401(k) planning, and navigating IRS requirements. Plus, discover how PracticeOrbit.com simplifies dental practice sales and connects you with expert advisors.

Key Points:

  1. Importance of tailored tax planning for dental practices.
  2. Understanding 401(k) plans and payroll management.
  3. Legal structures for dental partnerships: S corporations vs. partnerships.
  4. Why dentists should avoid C corporations due to double taxation.
  5. Role of the K-1 in S corporation tax filings and FICA tax savings.
  6. Legal setup advice: consulting dental-specialized attorneys.
  7. Selling a dental practice through PracticeOrbit.com.

#DentalPartnerships #TaxPlanning #DentalPractice #SCorporation #PracticeOrbit #DentalBusiness #401kPlanning #TaxEfficiency #SmallBusinessTips #FinancialFreedom

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Disclaimer: The marketing materials presented on this website include testimonials that serve as reviews of PracticeCFO Investments’s products and services. PracticeCFO Investments does not compensate clients for reviews or testimonials, and PracticeCFO Investments does not provide anything of value in exchange for these reviews. PracticeCFO Investments has determined that there are no material conflicts of interest between the firm and the participant, and PracticeCFO Investments has not influenced the statement made by the client(s) appearing on this website.
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