2 min. read
In a sole proprietorship, the business income is taxable to the owner personally. This means that you, not any corporate entity, must pay the taxes on your profits from the operations of your practice.
Your profit is determined by using a Schedule C Profit or Loss from Business/Sole Proprietorship. On this form you must include:
Join for FREE and keep reading...
To keep reading, join our free Starting Into Practice program now! As a new DC, we know you need resources to help you succeed as you launch your career. Starting Into Practice is your free one-stop shop, whether you’re looking for resources related to job-hunting, joining an existing traditional or integrated practice, or starting your own. A few of our helpful resources include:
- Articles on everything from contract negotiation to marketing plans
- Practice Checklists
- Free webinars from experienced DCs
It’s important to us that the chiropractic profession grows and thrives, regardless of your insurance provider — but we’re always here when you need us, whether it’s insurance or financial solutions.
Sign in Join for free