Professional Corporation – Formation of a Medical Business or Physicians Practice
Professional Corporation - Formation of a Medical Business or Physicians Practice
San Diego Medical Business and Health Care Attorneys
The formation of a California Professional Corporation or PC is totally different than a normal LLC, S-Corporation or C-Corporation. If you are interested in forming a health care corporation for the purposes of starting a medical business or physicians practice in California, you need business attorneys with deep experience in health care law and the business of medicine.
The Watkins Firm has served the business and medical community in San Diego and throughout California for decades. We can guide you effectively through the process to ensure compliance with all federal, state and local laws, as well as Occupational Safety and Health Administration (OSHA) regulations. We also provide advice and counsel on the impacts of the Health Insurance Portability and Accountability Act (HIPAA).
What is Different about a California Professional Corporation or PC?
A California Professional Corporation or PC is specifically designed for advanced degree professionals who are required to carry a specialized license, including:
- Physicians and MD’s
- Architects and Engineers
- Certified Public Accountants
- Attorneys and Lawyers
The California Professional Corporation is designed to provide additional personal protections for individual professionals that separate them the liabilities of the PC while ensuring that they are not liable for the negligence or malpractice of another member of the PC. A California PC provides advantages associated with increased retirement and 401(k) contributions, when compared to many traditional forms of business corporate formation. The PC also provides a structure that allows the company to offer and receive tax deductions for various employment benefits and additional fringe benefits such as:
- Health Insurance
- Disability Insurance
- Dependent Care
- Life Insurance
Experienced Medical Business and Health Care Attorneys
There are many restrictions on the structure of a California Professional Corporation, as well as limitations regarding the structure and voting rights associated with corporate officers, directors and shareholders. It is important to work with experienced business attorneys with deep expertise in the medical practice and health care industries.
The Watkins Firm offers extensive experience in the formation and operation of many different types of medical business entities including medical practices, physician groups, surgery centers, hospitals, and urgent care facilities. If you are considering the formation of a medical business or health care company or facility we invite you to contact us, or call 858-535-1511 for a complimentary and substantive consultation. Learn about the unique challenges of today’s competitive and highly regulated medical and health care industries, and the work the Watkins Firm has done for many other professionals and organizations in the San Diego and California health care community.