Financial Planning Implications for Solopreneurs

This week I’m posting an article I wrote, but it’s not on my website.  I was fortunate enough to have it published on White Coat Investor, a well known financial blog that I’ve followed for years.

The link below will take you to the article on their website: “Financial Planning Implications for Solo-Practice Owners”

[Editor’s Note: Today’s guest post is from Robert Lindstrom, CFP and Founder of Provision Financial Planning, a fee-only financial planning firm. We have no financial relationship.]

Solopreneurs who are also practitioners have a unique set of challenges and opportunities.  You have to both work in the business as a professional and on the business as an entrepreneur.  Your personal and business lives are more likely to be intertwined and “busy” is probably an understatement.

The topics in this article can apply to doctors, attorneys, accountants, and other professionals.    The key point is that you must be self-employed and not have any employees.

Let’s take a look at a few of these unique topics.

Read The Rest…