Practice: Private
: Common structures include a Limited Liability Company (LLC) , Sole Proprietorship , or Professional Corporation . Consult a legal professional to determine which provides the best liability protection for your state.
Before seeing your first client, you must establish a legitimate business structure to protect your personal assets and ensure tax compliance. Private Practice
: Open a dedicated business bank account to keep personal and professional finances strictly separate, which simplifies tax preparation and audits. : Common structures include a Limited Liability Company