How To Pay Yourself In Private Practice?

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…
Read More