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E67: The Basics of Forming a Strong Legal Foundation for Your House-Call Practice
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Starting a dental house call practice can be a rewarding venture, but it’s crucial to get your legal foundation right from the outset. As a licensed professional, you need to protect yourself and your patients by making informed decisions about your business structure. Begin by consulting with a lawyer who can guide you in choosing the right legal entity, such as a Professional LLC (P LLC), which is required in several states for licensed professionals. My own journey began with this vital step, avoiding pitfalls by not attempting to form an LLC by myself.
Once your legal entity is established, the next important moves involve setting up a business bank account and securing insurance. After your state approves your legal business name and issues a tax ID or employer ID number (EIN), you’ll need to open a business bank account to track your finances accurately. This effort ensures that all business-related expenses are easily managed and utilized for tax purposes.
Only after these steps are in place should you focus on obtaining insurance, as your agent will need your business details for accurate coverage. To make this process less daunting, I developed the Dental House Call Practice Academy, a course offering a step-by-step framework based on my experiences. I understand the challenges since I didn't take business classes during my education, but I successfully navigated through them, and so can you. If you're considering entering this unique and valuable field, visit ResidentalMovement.com/DHCPA for more information and resources. Feel free to reach out to me with any questions at hello@ResidentalMovement.com. The world needs more house-call dentists, and I’m here to help you get started!
Open Enrollment For Dental House Call Practice Academy
Visit me at: ResiDENTAL Movement Website
Visit: AccommoDental
Visit: Home Smile Care Foundation
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