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Mastering the Art of Tax strategy and Asset Protection: Unlocking Financial Success and Safeguarding Your Dental Practice
April 19 @ 3:00 pm – 4:00 pm EDT
Free
1 CE credit
DESCRIPTION: Dentists wear multiple hats, serving not only as healthcare professionals but also as business proprietors. Running a dental practice entails more than just caring for patients’ health. Our goal is to equip dentists with the resources and knowledge necessary to enhance the efficiency and profitability of their practices. By doing so, we enable them to deliver superior patient care.
LEARNING OBJECTIVES:
- Explain the key principles of tax optimization and identify strategies to minimize tax liabilities as a dentist.
- Recognize the importance of a solid business structure and learn techniques to mitigate risks and protect personal and professional assets.
- Gain insights into asset protection strategies and identify effective methods to safeguard against potential lawsuits and creditor claims.
- Explore the essentials of estate planning and develop a comprehensive plan to protect and transfer assets while minimizing probate costs.
- Acquire practical knowledge and actionable steps to implement tax optimization, business structure, and asset protection strategies in your own practice.
- Enhance your financial literacy and empower yourself to make informed decisions that will positively impact your financial well-being as a dentist.
- Incorporate lessons from the expertise and experience of former FBI Special Agent Art McOmber, gaining valuable insights and real-world examples.
- Identify the value and limitations of liability insurance (i.e. potential pitfalls that arise because of policy exclusions and payout caps).
- Practice legal strategies that actually discourage lawyers from ever filing a suit against you or your business.
- Know how a settlement from your Malpractice Insurance will trigger a report to the National Practitioners Data Bank (NPDB).
- Discern the negative effects of your name being on the NPDB.
- Take ongoing steps to protect your Medical License and your good name.
- Comprehend how the financially independent like Warren Buffett set themselves apart using Tax Strategies.
