Are you searching for attorneys with proven experience forming a new medical practice in San Diego using a professional corporation? What is a Professional Corporation or PC and why is this form of a medical business entity used when establishing a new medical practice, dentists office, health care facility, urgent care group, or other medical business?
The California Professional Corporation
The California Professional Corporation provides the same legal protections of separating the owner(s) of the company from the business entity from the perspective of liability that an LLC, S-Corporation or C-Corporation would provide.
However, a California Professional Company or PC is specifically designed to be owned by those who carry a professional license, and who will be working with other licensed professionals. It protects partners and co-owners of the PC from the liabilities which arise when another owner creates liability due to negligence or malpractice.
The PC also provides the opportunity to increase 401(k) contributions, and to offer and deduct several important benefits for its owners and employees. Forming a medical business in San Diego using a professional corporation allows licensed medical professionals to make additional contributions to retirement vehicles when compared to other business entities.
In addition, many employment related benefits such as health insurance, life insurance dependent care and even disability insurance may be deducted providing additional tax benefits to a classic business entities.
Proven Attorneys with More than 35 Years of Experience Forming a New Medical Practice in San Diego and Southern California
The Watkins Firm has deep experience and expertise in medical business law here in San Diego and throughout California. We provide sound counsel for those wishing to forming a new medical practice in San Diego or anywhere in Southern California.
We help to establish contracts for physicians, nurses and professional staff, and other employment contracts. We advise our clients on the heavy restrictions and regulatory control that impact the operations and corporate governance of a medical business based upon federal, state or local laws.
If you are thinking about forming a new medical practice in San Diego, medical group, or other form of medical business we invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
