6d • General discussion
The Professional Practice Structure
Doctors, lawyers, architects, consultants—professionals default to individual practice, the least efficient structure.
Partnership firms enable income splitting and working partner salary deductions.
LLPs add liability protection without dividend distribution complications.
Professional corporations work in specific situations.
Each structure changes tax, liability, succession, and scalability completely.
The right answer depends on income level, partner dynamics, and growth ambitions.
Has your practice structure evolved with your income?
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The Professional Practice Structure
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