30 mins

LLC vs. S-Corp for Our Locums Business Explained. #449

Show Notes

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On this episode of “What y’all say Friday” , we start off by sharing what it’s like to juggle medicine and parenthood. We actually recorded this episode during our first child-free vacation since our honeymoon.

We then answer questions from our listeners on whether our locum tenens business is incorporated as an S-Corporation or LLC. We shed light on the differences between LLCs, S-Corps, and C-Corps. Tune in for insights, and don’t forget to check out our Tax Series episodes linked below!

Timeline

00:00 Introduction

01:43 Our weekend getaway at a resort without the kids.

06:35 Shoutout to Mr. Evans at the post office.

08:16 Are we incorporated as an S-Corporation or LLC.

15:52 The difference between a C-Corporation and an S- Corporation

22:18 S-Corp vs. LLC when filing taxes.

24:47 Handling your benefits such as 401k, disability insurance, health insurance, as your own employer.

FREE DOWNLOAD – 7 Considerations Before Starting Locum Tenens – https://darkos.lpages.co/7-considerations-before-locums

LINKS MENTIONED

Tax Benefits of LLCs – How to use a LLC to save Taxes – https://youtu.be/M_VP0rWxDuc

Disability Insurance, Long-Term Care & Financial Planning Strategies – https://youtu.be/JJpLIj9tVbU

Q&A and Suggestions Form – https://forms.clickup.com/9010110533/f/8cgpr25-4614/PEBFZN5LA6FKEIXTWF

Send us a Voice Message – https://www.speakpipe.com/docsoutsidethebox

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This is such an inspiring podcast! Every episode is better than the last! I just got into medical school and Dr. Darko has made me realize that the medical field has countless opportunities in addition to being physicians. We only get one life so let’s make it count and LIVE OUTSIDE THE BOX! Thank you again for all you do, Dr. Darko! I can’t thank you enough!

Thank you so much, Dr. Darko, for finding and then broadcasting the amazing, game-changing work of doctors working outside (and inside) the box. I already had my first bout of professional burnout less than a few years out of residency, but listening to your podcast has inspired me to get my head back in the game and perhaps, find my own unique contribution.

I wish this was around when I was a med student – I can’t say enough about how helpful this has been in pointing out things we as physicians don’t think about. Dr. Darko takes you through these interviews with the ease of a conversation with your colleague and you feel like he’s having aha moments right with you!

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