Independent Contractor Physicians

If you put in the time, energy, and money to implement the right strategies, then being a 1099 independent contractor (IC) could potentially be a good fit. Note, it does involve more work at least in the early years, then a W2 employment arrangement. But this strategy can provide more employment flexibility and potentially increased tax efficiencies over the long term. We, at GenFi work with IC physicians all day every day, and are very familiar with planning strategies for professionals who opt for the IC arrangement. From life & disability insurance to LLCs & payroll to Solo 401ks & Defined Benefit plans, we’ll be right there with you.