Episode Details
Back to EpisodesHow the Transition from a 1099 to W2 Model Changed my Practice - Podcast Takeover with Amy Dover | WP 103
Description
Amy Dover takes over the Wise Practice Podcast to discuss her experience transitioning from a 1099 contractor model to a W2 employee model in her private practice. She shares her journey, including the legal and financial considerations, the challenges she faced, and the resulting changes in her practice's culture and operations. Amy emphasizes the importance of consulting, the benefits of the new model, and how her faith has guided her through this significant change, encouraging other practice owners to carefully consider their own business models.
02:39 Transitioning from 1099 to W2
08:05 Understanding Employment Models
12:01 The Transition Process
18:27 Challenges and Lessons Learned
33:37 Financial and Administrative Impact
36:29 Conclusion and Final Thoughts
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