Tag: dental s-corp

Should Dentist Remain an S-Corp or Convert to Sole Proprietor?

Currently I am the only employee of my own S-Corp. The only advantage I see being in a S-Corp is the limited liability? Is that right? I’m considering dissolving the S-Corp and go back to the sole proprietor 1099? I’m paying my accountant about $2000 a year just to file the quarterly tax, monthly IRS…Read More→

How are Dental Receiveables Treated When Transferred into an S-Corp?

I formed a S-corp this year after being a sole proprietor. I understand that the lower of fixed asset adjusted basis or FMV would be counted as owner’s contributed capital into the new S-corp – thus no capital gain/loss. What about the sole proprietor’s receivables as of the date of transfer into S-Corp? Would that…Read More→

Is an LLC or and S-Corp Best for Owning the Dental Building?

I have heard it said that the best way to go about owning a building and practice is to have the building set up as an LLC and the practice as an S-Corp, with the LLC renting out the building to your S-Corp practice. Assuming this model is followed, would the following be legal: Let’s…Read More→

Dental Commercial Property and and S-Corp Election

This is our one hundredth post. Nice milestone. I have heard it said that the best way to go about owning a building and practice is to have the building set up as an LLC and the practice as an S-Corp, with the LLC renting out the building to your S-Corp practice. Assuming this model is followed,…Read More→

Dental Practice Purchase Financing – S-Corp

I am planning a start up office and getting a loan from B of A, I want to know what is best for tax purposes, to make me the borrower or the corporation the borrower. The finance guy I am working with says it’s best to be the borrower. Any advice on this? Regardless I…Read More→

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