Massage Therapy Review: Passing the NCETMB, NCETM, and MBLEx

Slides:



Advertisements
Similar presentations
Exercise Science The Legal & Professional Responsibilities of Personal Trainers.
Advertisements

1. 1.To examine the steps to the process of becoming a business owner. 2.To differentiate the various types of business ownership. 3.To illustrate the.
Ch 7: Type of Business Ownership
Introduction to Corporate Finance
Chapter 14 Forms of Business Organization
1 Financial Accounting: Tools for Business Decision Making, 4th Ed. Kimmel, Weygandt, Kieso CHAPTER 1 Prepared by Dr. Joseph Otto CSLA.
Choosing the Best Business Structure. Choosing the Legal Structure of Your Business Sole Proprietorship Partnership Limited Liability Company Corporation.
GUIDE TO SELECTING YOUR SMALL BUSINESS LEGAL STRUCTURE.
Key Concepts and Skills
Choosing the Best Business Structure
Farm Business Arrangement Alternatives AAE 320 Based on work of Philip E. Harris Center for Dairy Profitability Dept. of Agricultural and Applied Economics.
Chapter McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Sources of Capital: Owners’ Equity 9.
Types of Business Ownership
Business Entity Formations
Forms of business ownership EASE OF STARTING YOUR OWN BUSINESS.
9-1 Non-Corporate Forms of Business  Sole Proprietorship  Partnership  LLC  S corporation.
Irwin/McGraw-Hill ©The McGraw-Hill Companies, Inc., 2000 Principles of Taxation Chapter 9 Sole Proprietorships, Partnerships, and S Corporations.
Chapter 14 Farm Business Organization and Transfer
 Business is owned and run by one individual  Nearly 76% of all businesses  Owner receives all of its profits and bear all of its losses.
Chapter 3 – Business Organizations Cook Spring 2010.
Types of Business Ownership
Electronic Flashcards  Why might a person want to own their own business?
ENTR 452 Chapter 9: The Organizational Plan/ Legal Forms of
Alexander Sanchez-Reyes. Sole Proprietorship  A sole proprietorship is a business entity owned and managed by one person.  Advantages of sole proprietorships.
Accounting and Tax for the Small Business NOVEMBER 8, 2012.
Name one type/form of business ownership
Choosing the Legal Form of Organization
Copyright © 2014 Pearson Education, Inc. Publishing as Prentice Hall Ch, 5: Forms of Business Ownership.
Business Entities Dr. John Abraham Professor University of Texas Pan American.
Chapter 1 Introduction to Corporate Finance Copyright © 2012 by McGraw-Hill Education. All rights reserved.
The Goals and Functions of Financial Management Chapter 1.
Chapter 3: Business Organizations
Ch. 5-2 Forms of Ownership.
 Click to edit Master text styles  Second level  Third level  Fourth level  Fifth level  Click to edit Master text styles  Second level  Third.
Chapter 16 Types of Business Ownership
Business Practice Models Minnesota Psychological Association September 18, 2015 Denise Kautzer, MA, LPCC, CPA
10/7/20151 Business Organizations Chapter 3. 10/7/20152 Sole Proprietorships  Most common form of business organization in the U.S.  Owned & run by.
Copyright © 2011 Pearson Education, Inc. Publishing as Prentice Hall Forms of Business Ownership CHAPTER 5.
Forms of Business Ownership Chapter 4. I. Comparisons of Forms of Business Organization Sole proprietorships Partnerships Corporations.
1 - 1 Financial Management Prepared By Yousef EL-mudallal.
Agenda Today: Legal Form of Business Tuesday: Legal Considerations Wednesday: Developing a Business Name (and Legal Search) Thursday: Guest Speaker—Herzing.
Supplements.  Profit-making enterprises  Sole proprietorship:  Partnership:  Corporation:
Types of Business Ownership
Chapter 20 Ownership Structures for Financing and Holding Real Estate.
© 2009 The McGraw-Hill Companies, Inc. All rights reserved. 4 McGraw-Hill Sole Proprietorships One person Advantages –Easy to start, easy out; you are.
Legal Entities. 1. Sole Proprietorship 2. Corporation 3. Limited Liability Company (LLC)
© 2007 Pearson Education Canada 1.1 Accounting and the Business Environment Chapter 1.
Intro and Chapter 1 Questions
Entrepreneurs and Business Organizations Chapter 9 1.
6 - 1 Copyright © 2016 Pearson Education, Inc. Forms of Business Ownership 6 Section 2: The Entrepreneurial Journey Begins.
1 - 1 ©2002 Prentice Hall, Inc. Business Publishing Accounting, 5/E Horngren/Harrison/Bamber Accounting and the Business Environment Chapter 1.
Types of Business Ownership Sole Proprietorships Partnerships Corporations.
©2004 Prentice Hall Business Publishing Financial Accounting, 6/e Harrison/Horngren 1 The Financial Statements Chapter 1.
Presentation by Laura Possessky, Esq. Gura & Possessky, PLLC Washington, DC (c) 2015 Gura & Possessky, PLLC1.
Forms of Business Ownership GOALS UNDERSTAND THE THREE MAJOR FORMS OF BUSINESS OWNERSHIP. DETERMINE WHEN EACH FORM OF BUSINESS OWNERSHIP IS MOST APPROPRIATE.
 There are four forms of business organization, they are: ◦ Sole Proprietorship ◦ Partnership ◦ Corporation ◦ (Cooperative-not covered)  We will look.
Forms of business ownership EASE OF STARTING YOUR OWN BUSINESS.
INTRODUCTION TO CORPORATE FINANCE CHAPTER 1 Copyright © 2016 McGraw-Hill Global Education LLC. All rights reserved.
Published by Flat World Knowledge, Inc. © 2014 by Flat World Knowledge, Inc. All rights reserved. Your use of this work is subject to the License Agreement.
CLOSE AND OPEN CORPORATIONS By Dylan Greenwell and Demetrius Bell.
Copyright © 2014 Pearson Education Ch, 5: Forms of Business Ownership.
Business Organizations Chapter 3 Section 1 Chapter 3 Section 1.
Business Forms Chapter 5. Choosing a Form of Ownership There is no one “best” form of ownership. The best form of ownership depends on an entrepreneur’s.
Types of Business Ownership
Choosing the Legal Form of Organization
AN INTRODUCTION TO FINANCIAL STATMENTS
Financial Accounting: Tools for Business Decision Making
Forms of Business Organization
From Class Econ Notes Mr. Park.
Forms of Business Organization
Presentation transcript:

Massage Therapy Review: Passing the NCETMB, NCETM, and MBLEx Chapter 6 Professional Standards, Ethics, Business, and Legal Practices © 2011 by The McGraw-Hill Companies, Inc. All rights reserved McGraw-Hill

Pre-class Assignment Review Chapter 6 of your Massage Therapy Review book © 2011 by The McGraw-Hill Companies, Inc. All rights reserved McGraw-Hill

© 2011 by The McGraw-Hill Companies, Inc. All rights reserved National Certification Board for Therapeutic Massage and Bodywork Code of Ethics Continue to improve yourself and your knowledge Be honest and professional Safeguard client’s confidentiality Use proper draping Client and therapist have right to refuse treatment Sincere commitment Represent yourself honestly Accurately inform clients Know your limits, contraindications, scope of practice Provide treatment to client’s advantage McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

© 2011 by The McGraw-Hill Companies, Inc. All rights reserved National Certification Board for Therapeutic Massage and Bodywork Code of Ethics, Cont’d Refrain from any and all sexual conduct, activities, or behavior even if client attempts first Respect client’s boundaries Refuse gifts or benefits intended to influence unjustly Follow all policies, procedure, guidelines, etc., set forth by NCBTMB McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

© 2011 by The McGraw-Hill Companies, Inc. All rights reserved Continuing Education 50 CEs every 4 years 2 CEs must be roles and boundaries 4 CEs must be business/ethics related See www.ncbtmb.org McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Professional Considerations Interviewing Techniques Intake forms Potential medical clearance Good listener Open-ended questions McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Professional Considerations, Cont’d Communication Techniques Verbal Non-verbal McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Verbal Skills Paraphrasing Restating what the client said in order to confirm understanding McGraw-Hill Client: “I’m concerned that I will be running late today for my appointment.” Therapist: “So, are you thinking you will not make it in time and want to reschedule?” © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Verbal Skills, Cont’d Summarizing Consolidating all the statements the client has said to confirm understanding McGraw-Hill “In conclusion…” “So, to sum it up…” “Let’s review the highlighted points…” © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Verbal Skills, Cont’d Minimal Encouragers “aha…” Brief words that let your client know you are listening and encouraging the client to continue McGraw-Hill “aha…” “So, what happened next?” “I see.” “hummm…” © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Verbal Skills, Cont’d Probing An attempt to gain more information. Trying to find out what has not been said. McGraw-Hill “Let’s talk about that.” “What exactly do you mean?” © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Verbal Skills, Cont’d Clarifying An attempt to understand what has been said McGraw-Hill “I’m confused about what you are saying….” © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Verbal Skills, Cont’d Confronting Mild or strong feedback when dealing with a situation that needs to be corrected McGraw-Hill “It seems that you have missed your last two payments. Let’s sit down and discuss a solution that will work for the both of us.” © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

© 2011 by The McGraw-Hill Companies, Inc. All rights reserved Record Keeping Subjective Objective Assessment or Application Plan or Progression HIPAA Health Insurance Portability and Accountability Act McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Planning Single and Multiple Sessions Current Condition Goals Effort of the Client and Therapist Frequency of Sessions Referrals McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Contractor vs. Employee Sets own hours Can work for competitors Has control over fees Is paid per client Must pay self-employment taxes Purchases own supplies Uses own vehicle No benefits Employee Cannot work for company competitors Has a set schedule Paid hourly/salary Company must offer benefits Company can offer to cover CE and recertification costs Falls under company liability Company provides basic supplies McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Types of Business Entities Sole Proprietorship Partnership S-Corporation McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Sole Proprietorship Advantages Easy to set up Possession of profits Control of decisions Simple financial record keeping McGraw-Hill Disadvantages You are a contractor Self employment taxes and quarterly/annual income taxes Schedule C form Increased liability © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Partnership Disadvantages Advantages You can be held personally responsible for debts and legal issues, even if they were made without your consent by your other partner(s) Advantages Government regulations fairly minimal Financial record keeping not as complicated FIN/EIN K-1 report McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

S-Corporation Disadvantages Can be complicated to structure Requires attorney to incorporate Need stock certificates, shareholders, meetings, officers Form 1120-S filed annually Advantages Separation of business from personal Business can continue if owner leaves or dies Reduction for double taxation Can declare business losses on individual tax returns McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

Accounting Terms Accounts Payable Accounts Receivable Assets Cash Flow McGraw-Hill Depreciation Gross Income Inventory Net Income © 2011 by The McGraw-Hill Companies, Inc. All rights reserved

© 2011 by The McGraw-Hill Companies, Inc. All rights reserved Licenses, Permits, and Registrations Provisional License Occupational or Business License Sales Tax Permit Registration of Business Name Insurance Needs Professional Liability General Liability Business Personal Property Health Insurance Disability Insurance McGraw-Hill © 2011 by The McGraw-Hill Companies, Inc. All rights reserved