Beginning a new practice or hanging your own shingle can be a scary endeavor. One of the first decisions that you will have to make pertains to the legal structure of your business. Will you establish a sole proprietorship? A partnership? A corporation? These are individualized decisions which will need to be made based upon your individual needs. For example, while sole proprietorships are the simplest to form, they offer virtually no asset protection in terms of personal liability. Incorporating gives you the highest level of insulation from liability but requires a number of steps be taken in order to establish the corporate entity. Regardless of the decision that you make, your choice of legal entity is one which must be made very early in the process. Our experts can provide you with advice and can assist in the completion and submission of documentation necessary to start your practice off on the right foot.
To learn more about Professional Corporations and PLLCs, The Legal Requirements of Starting a Dental Practice, The Importance of Annual Meeting Minutes for Dental Corporations and LLCs, and other helpful information, please read our blog.