Practice | Private

: Common structures include a Limited Liability Company (LLC) , Sole Proprietorship , or Professional Corporation . Consult a legal professional to determine which provides the best liability protection for your state.

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. : Common structures include a Limited Liability Company