Are you interested in developing or modifying a partnership agreement for physicians in San Diego or Southern California? Starting or growing a medical practice or healthcare business requires extensive legal insight, experience and skill. California has extensive laws and regulations which govern who may have a position of ownership within any medical practice or healthcare related company.
How Do You Wish to Structure the Rights and Interests of Each Party?
One of the first questions to be considered is how the practice or company wishes to structure the relationship of the parties in your partnership agreement for physicians. Is each partner to have an equal stake or will there be “classes” of owners within the group. This is an important consideration when you consider not only the distribution of income and dividends but the voting rights of each party.
Voting or Non-Voting Partner
Most healthcare businesses and medical practices have a blend of voting and non-voting partners. A non-voting interest may not have any say in the direction of the business or important decisions, but might enjoy an equity position. The fact that one doesn’t hold voting rights has no relationship to decisions regarding the division of equity. Voting partners participate in important medical, legal and financial decisions associated with the practice or business at hand. A voting partner has more “skin in the game” as they not only enjoy an equity position in the practice but a voice when it comes to all operational aspects of the company.
Experienced Attorneys Help to Draft or Modify a Partnership Agreement for Physicians in San Diego and Southern California
The Watkins Firm has served the San Diego and Southern California healthcare and medical community for more than four decades. We have extensive experience in all aspects of a medical practice or business from compliance with California and federal laws and regulations to structuring and governing the entity of your practice or healthcare business.
California law prohibits some types of corporate entities. Your entity may be a general partnership, a corporation, a California Professional Corporation or even a Management Service Organization or MSO. Our clients often move between entities or create new ones to achieve the most effective balance of protection from risk and flexibility for operational efficiencies.
If you require advice and legal insight on crafting a shareholders’ agreement or partnership agreement for physicians in your group or modifying an existing agreement we ask you to consider our decades of experience and to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
