BCT
BUSINESS CASUAL
TAX
The important questions are not limited to revenue. I want to understand ownership, staffing, cash flow and the decisions the numbers need to support.
Which best describes the practice today?
Preparing to open or open for less than one year
Established and operating without a major ownership change
Growing, acquiring, adding locations or owners, or restructuring
Other — please describe
How does the practice generate revenue?
Select all that apply.
Insurance-based fee-for-service collections
Direct primary care, concierge, membership or cash-pay services
Facility contracts, teaching, grants or clinical research
What gross practice revenue do you expect this year, before any expenses?
Under $1 million
$1 million–$2 million
$2 million–$3 million
$3 million or more
Approximately how much do you expect to take home from the business this year?
$500,000–$1 million
Over $2 million
Do you expect meaningful income outside the practice?
W-2 income
Other 1099 clinical or professional income
Real estate or another business
No meaningful income outside the practice
How is the practice owned?
I am the sole owner
I co-own the practice
I am buying in, adding an owner or changing the ownership structure
Other or not sure — please describe
How is the practice structured for tax purposes?
Single-member LLC or PLLC without an S-corporation election
LLC, PLLC, PC or PA taxed as an S corporation
Partnership, multi-member LLC or multiple-entity structure
Another structure, no entity or not sure — please describe
Who currently works in the practice?
Owners only
Employees, including physicians, APPs, clinical or administrative staff
Independent contractors
No one beyond the owner yet
What state do you live in?
In which states does the practice have patients, employees, contractors, offices or owners?
Separate multiple states with commas.
Continue