ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 73: The Ultimate Guide: Changing From W-2 to 1099 - Pt. 1

Transitioning from W-2 to 1099 is a bigger deal than you might first think. So we’ve set out to create the most ER-specific “how-to” guide we can come up with to help those navigating this change. This is Part 1. 

We encourage you to re-listen, or listen for the first time, to any prior episodes mentioned, as they can assist in giving more details in areas we simply can’t fit in this mini-series. And as always, feel free to reach out at info@erdocadvisor.com if you have any questions or need clarification. Enjoy!


Topics Discussed:     
  • How to establish your business through the state.
  • Why it is important to establish your business first.
  • Common misconceptions around setting up a PLLC.
  • The benefits and downfalls of setting up a PLLC.
  • The difference between an S Corp and a C Corp.
  • How to establish contributions to your new plan.

Resources Mentioned:

ERdocadvisor.com  

Tags

planning, financial planning, ER doctor, doctors, finances, investments, w2, 1099, taxes, business decisions

by 
Scott Wisniewski, EA