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My Many Money Mistakes & What I've Learned (Part 2)

beyond MD with Dr. Yatin Chadha

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How to Incorporate a Doctor

"I think I incorporated too early because by doing so, I was not deferring any tax," he says. The main strategy behind incorporating is you want to defer tax and have more money left over at the end of the day to invest and grow. "If you're not going to have stable income and therefore less chance of leaving significant money behind in the corporation, it may not make sense right away."

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