Before seeing your first client, you must establish a legitimate business structure to protect your personal assets and ensure tax compliance.
Starting a private practice is a transition from being a clinician to becoming a business owner. This guide breaks down the essential phases of launching and sustaining a professional practice, primarily focusing on mental health and medical providers. 1. The Legal and Financial Foundation Private Practice
: Open a dedicated business bank account to keep personal and professional finances strictly separate, which simplifies tax preparation and audits. Before seeing your first client, you must establish
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