How To Pay Yourself In Private Practice?
How to Pay Yourself in Private Practice? For most therapists in private practice, it depends. No, really — it does. I ask each client a handful of questions when trying to determine how much they should compensate themselves: How much work do you do? Do you have any employees? How much money are you currently making? Are you a PLLC or LLC? Are you an S-Corp? (The below information does not apply to S-Corps because S-Corps require a reasonable compensation.) Generally, I’ll look into your records and cash flow to help determine your salary. However, the following chart works well…