T. K. Hamann | Determining the Ideal Timing and a Possible Setup for Converting an Outpatient Nursing Service into a Limited Liability Company (Preliminary Study)

Healthcare

Determining the Ideal Timing and a Possible Setup for Converting an Outpatient Nursing Service into a Limited Liability Company (Preliminary Study)

The client is an outpatient nursing service that is currently operated by the owner as an independent professional sole proprietorship

The business is currently experiencing strong growth

The advisability of converting the company into a limited liability company, as well as the optimal timing, should be determined based on relevant criteria, such as:

Formulating hypotheses about the reasons for the immediate conversion to a limited liability company based on the following four topics:

Defining various scenarios and evaluating them in terms of their impact on tax burden and financial situation

The tax and financial implications of converting to a limited liability company are evaluated quantitatively based on various scenarios, compared to the status quo

A clear recommendation for further action was derived and communicated to the client