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#028 - Incorporations: To Be or Not To Be?
Manage episode 435140949 series 3474065
Contenuto fornito da Saad Nadeem. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Saad Nadeem o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
Description:
In this episode of The Rich Fulfilling Life Show, Saad Nadeem and Usman Jamal dive deep into the crucial question: Should doctors in Canada incorporate their practice? They explore the overwhelming tax benefits of incorporation, offering valuable insights into the best business practices for physicians considering this route. Saad and Usman break down the advantages and potential drawbacks, discuss the ideal timing for incorporation, and how to create a Medical Professional Corporation (MPC). Whether you're a physician considering incorporation or just curious about the topic, this episode is packed with expert advice and actionable tips.
Time Stamps
2:25 - Your 2 options to get paid as a physicians
4:05 – The biggest benefit of incorporating
8:00 – When is the right time to incorporate
10:00 - How to incorporate
12:30 – Additional benefits on incorporating
14:25 – The lowdown on family holding companies
16:50 – Drawbacks of incorporating
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