DWI CPD Test: What Corporate Structure Should I Use For My Dental Practice?

1. What does “corporate structure” mean for a dental practice?

How many patients you see

The legal setup of your business

The number of chairs you have

The color of your surgery walls

2. Which is a common structure for dental practices?

Limited company

Charity trust

Sports club

Partnership only

3. What is one benefit of operating as a limited company?

No need for accountants

Free dental supplies

Unlimited personal liability

Lower potential tax rates

4. What does “sole trader” mean?

One person owns and runs the business

A business with many shareholders

A government-owned practice

A type of partnership

5. Why might a dentist choose a partnership structure?

To reduce patient visits

To avoid paying staff

To share profits and responsibilities

To get free insurance