DWI CPD Test: Is A Holding Company Right For Me

1. What is a holding company?

A company that directly provides products and services

A company that owns shares in other companies but does not operate them

A government regulatory agency

A type of dental practice

2. Why might a dentist consider using a holding company?

To improve their dental skills

To manage investments and reduce tax liability

To get more social media followers

To hire more staff

3. When might a holding company NOT be a good idea?

When it complicates tax planning

When a dentist wants to own multiple businesses

When the practice is expanding

When buying new dental equipment

4. Which of the following is a benefit of a holding company?

It automatically increases revenue

It provides asset protection

It makes hiring employees easier

It improves customer satisfaction

5. What should a dentist do before setting up a holding company?

Open a new dental clinic

Stop practicing dentistry

Consult with a financial or tax advisor

Hire more dental assistants