Event Details

Welcome to Private Practice

Date:
22 Feb 2025 at 9:00 AM to 12:30 PM
Location:
RACP QLD Office, Unit 20, Level 3, 17 Bowen Bridge Road, Herston QLD 4006
Host:
RACP

This in-person workshop is designed to support members’ financial wellbeing, specifically targeting new Fellows starting private practice or those transitioning from full-time hospital work to private consulting.

Since 2018, William Buck has partnered with the RACP to deliver these well-curated and highly regarded educational workshops. Experts from William Buck, Mahoney Lawyers, Medical & General Risk Solutions and an RACP member will provide valuable insights and guidance during this event.

Program

The ins and outs of starting in private practice
  • Why should I come to private practice?
  • Is private practice the right choice for me?
  • What is the appropriate model? / Examples
Accounting and structuring
  • Structures in private practice
  • Starting with private work
  • Frequently asked questions
  • Company and trusts
  • Record keeping
Financial planning and wealth creation
  • Personal risk insurances
  • How to structure investments and loans
  • Superannuation
  • Overall wealth structure
  • End game: What are we working towards?
Legal considerations and strategies
  • Legal considerations and strategies
  • Will and estate planning
  • Risk management and asset protection
  • Service agreements and contracts
General and professional indemnity insurance
  • Professional indemnity insurance: What don’t I know that I need to know?
  • General insurance
  • Understanding risks in working as a contractor
  • Working with your lawyer on service contracts and agreements
  • Case studies of what can go wrong
Q&A session

Learning Outcomes

  • Evaluate the benefits and suitability of private practice for your career.
  • Understand key accounting structures and record-keeping requirements for private practice.
  • Develop financial planning strategies, including insurance, investments, and superannuation management.
  • Recognise critical legal considerations, including estate planning, risk management, and service agreements.
  • Identify essential aspects of professional indemnity and general insurance to mitigate risks in private practice.
Cost
Free
CPD

Category 1- Education Activity

Register

Location

Event partner

Close overlay