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Return to Website  > Index  > Doctors in Practice  > Practice Issues  > Re: selection of an entity
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Andrew Schwartz CPA
Dec 27, 2010 - 7:50PM
Re: selection of an entity

Are you working as an employee at your corporation, or at another dental practice?

If you will be an employee of your own practice, you will only set up a Solo 401k if that's how you can hit the $49k annual limit for retirement plan contributions. S-Corps can set up a Solo 401k for its owner if the owner (and spouse) are the only employees who work more than 1000 hours per year for the practice.

If you will be working as an employee at another practice, I'm not sure it makes sense to incorporate. Check out my article - To Incorporate Or Not To Incorporate available at: http://www.mdtaxes.com/news0705.html.

Zip Code: 01801

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