Recording Now Available from the Live March 3rd Webinar - Considerations When Therapists Establish a Non or Not for Profit Entity

This was a very well received webinar and the recording is now available.  It was co-hosted by Iris Kimberg, MS PT OTR and Ernest Patrick Smith, CPA/ABV/CFF,CVA,CFE CEPA  who is a managing partner of Nawrocki Smith,  consults with many health entities and therapy practices  and also has helped formed over 100 NPOs.  The replay  contains all of the Q/A  and you also get a copy of the powerpoint and handout.  You can also take a post webinar quiz and get a certificate of participation.

Starting a new nonprofit is a major endeavor that shouldn’t be taken lightly. Starting a nonprofit is no different from starting any other business. You need to do research, have a concrete plan, and file business-formation documents with your state. But nonprofits face an additional hurdle—they must get approval from the Internal Revenue Service (IRS) to be exempt from taxes. There are many therapists already in private practice who have often wanted to establish a non profit entity to complement the services already provided, particularly with the incentive to reach clients and families who otherwise might not be able to afford services. Different options will be discussed as to potential structures to make this happen. $60 includes all material and replay.

Topics covered:

•Defining Your Purpose
•Clarification of terms – non profit vs. not for profit
•Difference between 501C and 501C3
•Overview of Tax implications for non profits including criteria for tax exempt status
•Strategies to set up therapy entities
•Examples/Case Studies of existing Therapy Related Non Profit entities
•Live Q/A

Info is relevant to all states