Classic Video: Pharmacy accounting—best business structures update
Looking back over 2016, Ollin Sykes talks about the current best business structure for pharmacy owners seeing to buy or startup an independent pharmacy. He talks about the benefits of LLCs and the various tax options—including what you do NOT want to do.
In addition, he addresses the property of the pharmacy and why in some cases, whether leasing or buying, you might want to put that property in a separate LLC. He also explains when to consider using a cost segregation study for a new property.