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Lets save you $7,500 by listening to this

Lets save you $7,500 by listening to this

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How to Legally Start Your Private Practice (Without Losing $7,500 Like I Did)

Host: Kate McCommons, OT, Private Practice Owner & Business Coach
Length: ~30 mins
Tags: Private Practice Setup, OT Business, Tax Tips, Business Structure, Entrepreneurship, New OT Practice, Mistakes to Avoid

Episode Summary

In this episode, Kate shares the critical business setup steps every occupational therapist needs to take when starting a private practice. From choosing the right legal structure to saving thousands in taxes, Kate walks you through the unglamorous—but absolutely essential—foundations of building a practice that lasts. Plus, she shares a personal story of how skipping these steps cost her over $7,500 in her first year of business—and how you can avoid the same mistakes.

If you're overwhelmed by taxes, legal terms, and business bank accounts, this episode will break it down step by step and give you the clarity to move forward confidently.

What You’ll Learn in This Episode:

  • The difference between Sole Proprietorship, LLC, and S-Corp—and how to choose the right one
  • How NOT setting up your business correctly could cost you thousands
  • A simple three-bucket system to manage your private practice finances
  • The four tax write-off categories every therapist should track
  • Why DIY contracts can backfire—and what to use instead
  • The real cost of skipping malpractice insurance
  • Mistakes to avoid when registering your business, saving for taxes, and setting up accounts

Resources & Links Mentioned:

  • Artful Contracts – Use code KATE for 10% off legal templates
  • Kate’s Budget Bucket Calculator
  • Malpractice Insurance: HPSO
  • Practice Coaching with Kate – Work with Me

Key Quote:

“Anything worth building is worth protecting—and that starts with how you structure your business.”


Who This Episode Is For:

  • OTs dreaming of private practice but overwhelmed by the ‘legal stuff’
  • Therapists ready to launch a side hustle or full-time practice
  • Business owners who want to avoid costly setup mistakes
  • Anyone curious about the practical steps to build a legit, sustainable OT business

Connect With Kate:

  • Instagram: @growwithkate_

Don’t forget to subscribe, rate, and share this episode with a friend who needs it. Let’s build smart, ethical, and empowered practices—together. 💛

Subscribe to our Business Hub where we will send you weekly applicable templates to apply to and GROW your practice!

If you are ready for 1:1 help, lets get started with a discovery call! Schedule here!
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