Are you considering forming a new healthcare business in San Diego or Southern California?  The experienced business and corporate attorneys at the Watkins Firm have served the SoCal medical and healthcare community for more than 30 years.  We have extensive experience forming physician’s practices, dental groups, ophthalmology practices, nursing or medical technician services and other healthcare entities.

The California Professional Corporation

The best business entities to consider when forming a new healthcare business in San Diego or SoCal include the California Professional Corporation or “PC” and the Management Service Organization or “MSO.”  The Professional Corporation provides several significant advantages over a traditional business entity for California licensed professionals and healthcare practitioners.  The actual structure of the Professional Corporation protects individual licensed professionals from each other’s actions, so that no one can be held financially liable for the negligence or malpractice of another member of the medical practice.

When forming a new healthcare business one must consider the additional benefits and deductions provided by the California Corporation.  Contribution thresholds to retirement vehicles such as a 401(k) are much higher than any other corporate entity under California law.  The Professional Corporation also provides significant tax advantage allowing specific deductions for health care, disability, dependent care and life insurance which are unavailable to other entities.

The Management Service Organization

The Management Service Organization or MSO provides an opportunity to streamline expenses such as building(s), HR, billing and tax, technology and even the marketing of any products developed by the underlying PC.  There are obvious restrictions here in California regarding who is able to own voting or management interests in a PC or MSO and the experienced healthcare business attorneys at the Watkins Firm will help you to minimize risks associated with an MSO while increasing profitability as well as patient satisfaction.

Legal Needs to Consider when Forming a New Healthcare Business in San Diego and Southern California

Business formation is just one aspect of forming a new healthcare business in San Diego.  There are other legal needs to consider and it is important to work with healthcare attorneys who will provide sound advice and counsel as well as exceptional legal services.  A new medical practice will require employment contracts for physicians and all healthcare workers as well as office and support staff.  We protect healthcare employers through the development and/or review of your policies and procedures, the employee handbook as well as the consistent management practices and documentation associated with being a San Diego employer.  The Watkins Firm also works with our medical practice and healthcare compliance to ensure governance and compliance with all federal, state and local agencies and laws.

Our healthcare related arbitration and mediation lawyers help to protect your licensed professionals while resolving any dispute or litigation which may arise in a timely and cost-effective manner.

We know that forming a new healthcare business in San Diego or Southern California is an exciting time in your professional career.  Getting your new practice up and running will require a legal partner with deep experience and legal skill in the healthcare industry as well as a common sense approach to business.

We invite you to review the strong recommendations of our former clients and the legal industry and contact the Watkins Firm or call 858-535-1511 for a complimentary and substantive consultation with one of our attorneys.