Business Entity 101 for 1099 Therapists | Heard & Rula
This event will be recorded, so if you can’t make it live, you can still sign up to get the recording. Attendees will also get a special promo code for 15% off a Heard membership.
Taking on 1099 work means you’re running a business, whether it feels like one or not. That comes with a lot of tricky questions: “Do I need an LLC? Am I being compliant? Wait, why are my taxes higher than when I was on a W-2?” Every state has its own formation rules, and the mix of decisions, tax and legal jargon can quickly make you want to crawl into bed with a weighted blanket.
Heard and Rula are teaming up to break it all down. We’ll answer the questions you’re sitting with: Sole prop or LLC? Do you need a PLLC? When does an S Corp election save you money, and when does it just create more paperwork?
We’ll talk through each step, including how to handle the self-employment tax that comes with 1099 income.
Walk away knowing:
- The difference between a sole prop, an LLC and a PLLC
- The perks of forming an entity versus staying a sole prop
- The income threshold where an S Corp can start saving you money
- Tax and business strategies for keeping more of the income you work hard to earn
About Heard: Heard empowers therapists as business owners with easy-to-use financial software and access to dedicated bookkeeping and tax professionals. Get your time back and financial peace of mind.
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