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
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
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Location
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