First 10 Steps to Private Practice in KY

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1. Licensure

Make sure you are properly licensed for private practice. Certain states/licenses dictate a certain amount of post graduate hours before hanging your own shingle. Check with your state board. Kentucky Professional Licensing Directory click here.

2. Why

Why do I want to do private practice? How do I hope it will make me feel? What will I do if it doesn’t make me feel that way? How will I measure my accomplishments throughout the process? How will I adjust and shift to make sure my work and life goals are still in alignment?

3. Structure

Find what structure fits your current needs best. Solo model, Co-Op model, Contract model, Group model, Sublease model, Employment model, Non traditional services model...

4. Guru

No need to reinvent the wheel when others have paved the path before you! You don’t have to pay for all their goodies but some of them can be helpful to follow, join their FB communities and if you are into podcasts lots of them have great podcasts to follow!

5. NPI #

You’d think you would know if you had one, but you would be surprised by the number of people that have one that never knew. So, see if you already have one here. If not, apply here (it's free)

6. Business Entity

LLC, PLLC, Sole Proprietor, Partnerships, Corportations, Non-profits. The most common ones in Kentucky are going to be sole proprietorship, LLC, or PLLC. Click here to learn more about the differing options

7. Start Business

·This can be done by a trusted attorney, with the assistance of an attorney or on your own. It doesn’t take long, and it should be around $50 to set up an LLC. To get a step by step guide with interactive links, click here. More specifically, if you want to start an LLC, click here and follow all these steps.

8. EIN #

Suggested to obtain an EIN for all business entities to have an added protection against identify fraud (because if not you would have to use your social on all paperwork and some that may be distributed to your clients). Click here to apply (it’s free)

9. Office Space

Be intentional about this and think about your needs. Do you do all in person work? Some online? Some in home or out of office work? Do you want to share an office with someone? Have your own space? Work near home or out of your neighborhood?

10. Cover Your Ass

Hope it never comes to it - but you will be happy to have insurance coverage if it does! Professional liability, general liability and property coverage/renters insurance are all necessary items to have to cover your practices ass from potential lawsuits.

BONUS: Want more?

b.mindful Louisville offers 1-1 practice building consultations, trainings, office rentals and more. We are here to assist you and your practice in all the days! Reach out today to learn more about us and our membership options. Learn more about our memberships here.

DISCLAIMER: These are not the only things that need to be done to open your practice, but this list will get you on the right path to starting your practice. Disclaimer: This is not legal or tax advice. This information is for educational purposes only. You should consult with an attorney and a CPA to determine which type of business will best meet your needs. Each state will have varying needs and requirements, please check with your individual state to ensure you are checking all the appropriate boxes.