Episode 1914 - Starting your own practice, pt. 3: S-corp election

Alan Fredendall // #LeadershipThursday // www.ptonice.com 

In today's episode of the PT on ICE Daily Show, ICE Chief Operating Officer Alan Fredendall continues a series on starting your own practice, focusing on the important topic of S-Corp election. Alan clarifies that an S-Corp election is not a different type of incorporation but rather a tax status that provides significant benefits for small business owners. Listeners will learn about the implications of double taxation, where businesses face corporate income tax at both federal and state levels, and how electing S-Corp status can protect owners from this issue. Alan emphasizes the importance of understanding the process and benefits of S-Corp election for anyone who has recently incorporated their business. Tune in for essential insights that can help optimize your practice's financial structure!

Take a listen to the podcast episode or check out the full show notes on our blog at www.ptonice.com/blog.

If you're looking to learn more about courses designed to start your own practice, check out our Brick by Brick practice management course or our online physical therapy courses, check out our entire list of continuing education courses for physical therapy including our physical therapy certifications by checking out our website. Don't forget about all of our FREE eBooks, prebuilt workshops, free CEUs, and other physical therapy continuing education on our Resources tab.