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https://bizcounsel.com/articles/S-Corp-vs-LLC-for-Physicians#:~:text=As%20a%20physician%2C%20liability%20is%20a%20huge%20consideration%2C,be%20run%20as%20a%20sole%20proprietorship%20or%20partnership.
https://bizcounsel.com/articles/S-Corp-vs-LLC-for-Physicians
LLCs have the option to file as a C Corp. or S Corp. as well with the IRS. Professional limited liability companies (PLLC) are a special class of LLCs reserved for, well, professionals! And of course, physicians qualify for this. It’s basically the same as a regular LLC, except the professional is protected in a PLLC.
https://www.taxcpafordoctors.com/4-things-doctors-should-consider-before-using-an-s-corporation/
https://www.upcounsel.com/can-a-professional-corporation-be-an-s-corp
Depending on the state, this is the required business entity for physicians, attorneys, engineers, and other professionals. However, a professional corporation may be able to opt for S corp status. Most states allow professionals to opt for an S corporation, professional corporation (PC), or limited liability company (LLC). The best choice for your entity depends on …
https://www.incorporationattorney.com/california-attorney-professional-corporation-requirements/medical-practice-llc-s-corp
Licensed medical professionals who want to start a business with their colleagues in the field need to form a professional medical corporation. Medical doctors can become the shareholders of the professional corporation. Most commonly, the shareholders in the corporation choose to be taxed as an S corporation versus a C corporation.
https://www.lawinsider.com/dictionary/physicians-office
Physician's office means a facility that operates as the office of a physician or other health care professional for the primary purpose of examination, evaluation, and treatment or referral of patients. Examples of physician offices include: Dentist offices, chiropractor offices, optometrist offices, nurse practitioner offices, school nurse ...
https://www.mnlawllc.com/post/doctors-inc-can-a-corporation-practice-medicine
As business opportunities abound for both licensed physicians and non-licensed entrepreneurs and investors, in the ownership and operation of ambulatory care facilities, drug treatment facilities, and diagnostic testing facilities, physicians, licensed practitioners, and businesspersons must ensure that the structure of their business complies with the Corporate …
https://www.whitecoatinvestor.com/should-doctors-use-personal-service-corporations/
In general, your corporation is a PSC if it is owned and run by a professional (s) who must be licensed to practice that hasn’t filed an “S” election. In other words, it is a “C” corporation that pays a flat tax rate of 35% on all profits. [By the way, any corporation is, by default, a “C” corporation.
https://www.ama-assn.org/about/research/employed-physicians-now-exceed-those-who-own-their-practices
In 2018, 47.4% of practicing physicians were employed, while 45.9% owned their practices, according to a new entry in the AMA Policy Research Perspectives (PRP) series. The PRP is based on data from the 2018 AMA Physician Practice Benchmark Survey, which included 3,500 physicians from 50 states and the District of Columbia who provide at least ...
https://www.americanactionforum.org/research/why-are-hospitals-buying-physician-practices-and-forming-insurance-companies/
For the most part, physicians have practice privileges at hospitals, but are neither suppliers, contractors, nor employees of hospitals – a fact most people don’t realize until they become a hospital patient, and receive separate bills from the hospital, and from every physician who treated them there. It’s almost as if hospitals merely provide a venue for physicians and …
https://www.irs.gov/pub/irs-tege/eotopicf00.pdf
physician who is generally employed on the administrative staff of an IRC 501(c)(3) hospital (or a tax-exempt entity within the affiliated hospital system) which acts like a parent of the professional corporation. The physician shareholder may also be an employee of the professional service corporation. The physician shareholder, the professional
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