Structural implementation
Formation is a decision, not a default.
Whether an entity or election is appropriate depends on individual circumstances, state requirements and how the work is actually performed.
Where this sits
Formation is the first two components of the Foundation™ — not the whole system.
- 01
Appropriate Legal Business Structure
Determine the appropriate way to organize veterinary business activity based on circumstances, state requirements and work arrangement.
- 02
Tax Election / S-Corp Strategy
Evaluate whether an S-Corp election or another tax treatment may be appropriate, depending on individual circumstances.
Sources & references
Primary sources for the rules described on this page. Tax rules change; each link goes to the agency's own current guidance.
- Business structures — choosing a form of entity— IRS
- Apply for an Employer Identification Number (EIN)— IRS
- Choose a business structure— U.S. Small Business Administration
- State government websites — revenue and tax agencies by state— IRS
- State unemployment insurance tax agencies— U.S. Department of Labor
Information on this website is general in nature and is not tax, legal or financial advice for any specific situation. Whether an entity, tax election, payroll arrangement or planning strategy is appropriate depends on individual circumstances and applicable requirements, and is determined only after reviewing your situation.
Next step
Find out what your veterinary income actually needs next.
Speak directly with a veterinary tax specialist about your income, structure and next steps.