41. Comparing Corporations to Sole Proprietorships in Speech Therapy Private Practice

Not everyone needs to be incorporated to have a business. There are advantages and disadvantages of both situations and in Episode 41, I address these questions and give some examples why each situation may work better for some.

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In this episode:

01:42 – Thank you for the good feedback and emails,

02:25 – Home Health and Clinic Based Businesses,

04:27 – All Access Membership community,

05:12 – Thrive Themes for building websites,

05:55 – the Perfect Student

06:10 – Sole Proprietorship vs. an LLC or a Corporation

10:02 – Personal Tax Return vs Business Tax Returns

11:31 – Tax I.D. number

12:37 – Clarity

Not everybody needs to have or incorporate, because let’s face it if you want to just take cash for a visit and someone’s home or if you have a little office on the site or a place outside attached to your home or in the back there you have a special room for your sessions. I mean you are in business essentially.

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Hello everyone you’re listening to the Speech Therapy Private Practice StartUp Podcast. This is episode number 41. My name is Kyle Meades and I’m a speech pathologist since 1993. And these podcasts are designed to help you improve your business and your life one Podcast at a time.

Welcome back to the show everyone. Thanks again for all the emails and all the questions and as today, today is Sunday July 8th 2018. We have well over 35,253 listeners to the show and I’m super delighted that you guys are out there listening and getting good valuable information and I’m going to say it as always, Value is what you get in the absence of money. And these podcasts are very free for you so if you wouldn’t mind please go to the Android or iOS platform of your choice and please leave me some good 5 star feedback.

I recently got some good feedback from a listener and it was just really nice to see that she’s getting the help that she’s needed to start her own Speech therapy private practice since she’s been at it over a year now and she says she goes back and listens to the podcast, and you get that motivation and information. So it’s just really nice to have you on board. And also if you’re new to the show welcome and I hope you find everything you’re looking for here at the Speech therapy Private Practice StartUp Podcast.

Now what makes this a little bit different is we are managing and running and owning clinics here in Tucson, Arizona. We’ve got two businesses an Outpatient speech therapy and Occupational therapy business; soon to be physical therapy here in Tucson, Arizona. We also have a Home and Community based like a home health type business that we run. And so between both of those businesses we actively employ over 35 full-time, part-time therapists and we see many kids and help adults every single month, so we’re really making a difference.

When I first started the podcast I wanted to get this information out to you guys because what I wanted to start my own business I really couldn’t find anything on the internet about starting or growing your own Speech therapy private practice.