I am wondering if anyone else has done or will consider doing the following:
I am 50 and will probably stop seeing patients this year or next. My wife and I enjoy traveling and teaching. We are considering setting up a "consulting" business to help teach or start other clinics in my specialty in other countries. For anyone who is doing this or thinking about it, can this be done is such a way that our travel expenses are part of our business? We do not need to make any significant income from this endeavor but it would be nice to be able to pay our travel through such a business (maybe an LLC) if we can.
I am 50 and will probably stop seeing patients this year or next. My wife and I enjoy traveling and teaching. We are considering setting up a "consulting" business to help teach or start other clinics in my specialty in other countries. For anyone who is doing this or thinking about it, can this be done is such a way that our travel expenses are part of our business? We do not need to make any significant income from this endeavor but it would be nice to be able to pay our travel through such a business (maybe an LLC) if we can.
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