Dear doctor, you must have a very good reason to NOT incorporate your professional practice, right? Final thoughts
How is my Financial Health, Doc? - A podcast by Vu Kiet Tran
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Physicians in Canada were given the legal privilege to incorporate. It is a privilege indeed. It was decided so for many financial and estate planning reasons. Many have not incorporated. Do the drawbacks of incorporation outweigh the benefits? What is the long-term impact of not incorporating? This episode is part 2 and final thought on incorporation even if there is no retained earnings at year's end.