|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hypnosis in the News
|
| |
"IRS
Tax Credit: 100% Reimbursement for
Weight Loss and/or Smoking Cessation
Hypnotherapy Programs." |
|
 |
more |
|
|
|
|
|
Hypnosis Podcast
|
| |
Absolute
Science interviews Dr. David Patterson
on Hypnosis for pain relief in a burn
unit... |
|
|
more |
|
|
|
|
|
| Author |
 Topic  |
|
|
ForumMaster
USA
670 Posts |
 Posted - 05/30/2003 : 03:13:48 AM
|
From: KA3N (Original Message) Sent: 7/10/2001 4:04 PM
I'm about to complete training, and would like to know if anyone has incorporated him/herself before beginning their Hypnotherapy practice.
I'm somewhat confused with the corporate types, but it seems to me that the LLC (Limited Liability Company) would be the proper type.
While I only plan on a very small practice, perhaps two sessions per week, I do want to protect my personal assets from public liability.
Comments? Suggestions? Thanks!
- Don McCunney in PA
|
|
|
ForumMaster
USA
670 Posts |
Posted - 05/30/2003 : 03:14:04 AM
|
From: HypnoticSense Sent: 7/24/2001 8:25 AM
Hi Don, (7/24/01)
I recently opened my practice in florida where I live. When I spoke to my accountant regarding incorporation for my practice he said that it was completely unecessary until the practice started making $40,000 per yr. That takes a little of the headache away being that it saves you just a bit more when opening your practice. It sure adds up quickly. Anyway, you make want to double check if the same applies for you in your area. Best of luck to you.
Hypnoticsense
|
 |
|
|
ForumMaster
USA
670 Posts |
Posted - 05/30/2003 : 03:14:18 AM
|
From: spsummers Sent: 7/29/2001 8:39 PM
Don
I'm starting a practice in Oklahoma, in a small community. I went the LLC route - since I'm not selling a product, other then a service the paperwork amounted to 3 pages. Getting your federal tax number is where you need to start. In my state after getting my federal number (use their fax service it's faster) i filed with the sec. of state. May need to check there - my lawyer said she usually charges 700. for what I did on my own. LLC proctects you just as well as an incorporation is why I went LLC.
Steve
|
|
|
|
ForumMaster
USA
670 Posts |
Posted - 05/30/2003 : 03:14:48 AM
|
From: HypnoDoc Sent: 9/20/2001 3:33 PM
It is my understanding that the incorporation process is more to protect your personal assets from legal action than any other reason. Should you be sued or get involved in a business related legal action your incorporated company would take the risk and not you personally. Although in some cases someone may still sue you personally as well Also in the case of ending a business you may find shelter in having the corporation go bankrupt rather than personally filing. Lastly, I know several companies that re-incorporate every few years under a slightly different name in order to further protect themselves.
I hope this helps,
Good luck,
HypnoDoc
|
|
|
|
ForumMaster
USA
670 Posts |
Posted - 05/30/2003 : 03:15:41 AM
|
From: paul_cht Sent: 9/23/2001 4:50 PM
Based on your description of what you are trying to do, an LLC would be more of headache that a solution. If you are worried about protecting assets, then get a good insurance policy. The LLC is not that complicated to set up; however, you do inherit some additional accounting expenses. You also may not really protect anything. People like Landlords or other vendors may still personally want you on the hook. LLC is pass through entity and vendors know this. They are going to want you to sign anyway.
From a tax standpoint, you may be better off with a Sch C sole prop business that the expense of preparing separate returns and other schedule on your 1040. Get a good bookkeeping system and just keep it simple.
While an LLC sounds fancy, I am not sure you are any better off. If you are worried about your assets, get a good financial plan. Make sure you have adequate insurance protection. A good professional can help you do a review.
|
|
|
| |
Topic |
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
What is it? |
Get some |
|
|
|
|
|
|
|
|
|
|
|
Hypnosis Professional... |
| |
Are you a Hypnosis Professional looking
to maximize your business? HOL can give
your business worldwide exposure...
|
|
|
more |
|
|
|
|
|
Did you know... |
| |
The
majority of people who purchase one of
our audio programs in our online shop
returns to purchase another one within
30 days! |
|
|
more |
|
|
|
|
|
Audio Programs 20%
off |
| |
All
Self-Hypnosis Audio Programs (MP3, CD
and cassettes) in our online shops have
been reduced by 20%... |
|
|
more |
|
|
|
|
| HOL
Wallpaper |
|
 |
Trance on this! Download the
free HOL wallpaper for your desktop.
Enjoy. |
|
|
|
|
|
|
| Hot
Forum Topic |
| |
Depth of Trance:
Discussion on depth of trace..." |
|
|
more |
|
|
|
|
|
|
|
|
|
Hypnosis for the
people |
| |
"All
doctors should know how to perform
hypnotherapy on their patients,
according to a US expert."
BBC News Online |
|
|
more |
|
|
|
|
|
Let's make it personal |
| |
The next
best thing to one-on-one Hypnosis! "Relax,
Listen and ____ with Hypnosis" audio
programs are now available in a custom
format created just for you...
|
|
|
more |
|
|
|
|
|
Forensic Hypnosis |
| |
"Under
hypnosis, a witness to Lori's abduction
remembered most of the license plate and a
description of the car..." |
|
|
more |
|
|
|
|
|
|
|
|
|
Incorporation - LLC?
