Mystery
When Christine told her story she expressed that she started what two types of business structures?
What is LLC and nonprofit 501c(3)?
In this career path, I think about hours, expectations, documentation, and benefits during the interview process.
What is employee?
This is one out of the seven business models focusing on for profit private practice.
What is....
Solo, Co-op, Contract, Group, Sublease, Employment, or Non-traditional services?
A business owned by two or more people.
What is a partnership?
A brief document that outlines a proposed project or request for funding to gauge a funder’s interest before submitting a full application.
What is a LOI (Letter of Intent/Inquiry)?
These are five different career avenues.
What are employees, independent contractors, private practice owners, directors, professors & researchers.
Knowing the difference between____________and ____________is important because some places will higher you as a ___________ and expect you to fulfill tasks as a ______________.
What is employment and independent contracting?
Practitioner rent office space to other clinicians. Some office spaces are rented furnished, and some are not. Clinicians in the space may or may not be under the same practice name, and often all have different licensing backgrounds and work with varying presenting concerns.
What is the sublease model?
This is the simplest type of business where you and the business are legally the same.
What is a sole proprietorship?
These grants are given at the local, state, and federal levels.
What are government grants?
Independent contractors receive this tax form from the person who contracted them for the service stating how much money was paid to them.
What is a 1099?
Executive, professional, and support staff under this category
What are employee classifications?
A model where therapists share overhead but work independently.
What is a co-op or shared practice model?
This business structure protects owners from personal liability.
What is an LLC?
Support for physical infrastructure projects like building construction, renovation, or major equipment purchases.
What are capital project grants?
This tax form is used to report income for a sole proprietorship and single member LLC
What is a Form 1040 (Schedule C)?
_____________is an employee that is excluded from overtime pay requirements.
What is a full-time exempt employee?
A model where therapists are paid salary and receive benefits.
What is the employer group model?
This document outlines contributions, profits, and dissolution terms within a partnership.
What is an agreement?
Ongoing funding provided to support the next phase of a previously funded project or program.
What are continuation grants?
These are two ways you can pull profit from a LLC if you are the owner.
What is owner's draw and salary?
_____________ is what PLLC stands for.
What is a Professional Limited Liability Corporation?
Practice is built using services such as teletherapy.
What is a non- traditional service model?
Two ways LLC owners can pay themselves.
What is owner's draw and salary?
An organization that provides data, research, and resources on nonprofits and philanthropy, formed by the merger of GuideStar and the Foundation Center.
What is Candid?