The Structure of a Successful Practice

A well-balanced financial plan hinges on determining the business structure that best suits your practice. Selecting the most appropriate structure allows doctors to effectively protect their assets, maximize allowable income tax deductions and create the most effective retirement plans.

Are you interested in deducting long-term care, disability or life insurance premiums? Then perhaps a "C" corporation structure is your best option. These and other considerations are measured by Guidant Planning, Inc. to help you make the optimum business structure determination.

Structuring a Well-Defined Retirement Plan

Within this foundation of sound practice structure, our in-house staff of Pension Services specialists work to craft your customized retirement plan. GP has meticulously assembled a group of pension professionals to help our clients with plan designs and qualification issues, counting on legal counsel with extensive ERISA experience and actuarial resources well versed in large and small defined benefit plans. Their expertise enables doctors to take full advantage of the tax law changes enacted in 2001 and 2003 under The Economic Growth and Tax Relief and Reconciliation Act, commonly known as EGTRRA, as well as the Pension Protection Act of 2006.

These changes can dramatically increase doctors' retirement savings opportunities and remove restrictions that previously reduced such accumulations contained within other qualified retirement plans. In our opinion, this important regulatory and policy shift has resulted in an unprecedented opportunity for doctors to boost pre-tax deductions to a qualified retirement plan-and GP is poised to assist you in this regard.

How? GP has the expertise to show qualifying doctors how to contribute up to $200,000 or more per year of tax-deductible net practice earnings to IRS-approved retirement plans. This translates into the ability to contribute tax-deductible dollars to build more than $2 million in pension plan assets.

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