Are you considering starting a medical practice or healthcare business in San Diego or Southern California?  A new medical business startup requires experienced business and corporate attorneys with specific knowledge and experience with the medical and healthcare industry.

Experienced Medical and Healthcare Attorneys

The Watkins Firm has served the San Diego business community including doctors and physicians, medical professionals and healthcare entities for more than 40 years.  We have extensive experience with all of the business and legal issues associated with starting a medical practice or healthcare business in California.

In many cases, the best entity for the formation of a San Diego medical business or practice is a California Professional Corporation or “PC.”  The PC is much different than a normal C-Corporation or S-Corporation as it provides specific protections and advantages to licensed medical professionals.  You must also structure the entity and all supporting corporate documents such as the shareholder agreement and bylaws, policies and procedures and even the employee handbook to reflect the complex realities of healthcare related governance and compliance.

The California Professional Corporation provides protection for continuity from the outset of the formation of a San Diego medical business or practice.  The PC limits the liabilities of each practicing professional which separate them from the debts and liabilities of the PC while ensuring they are also not liable for any allegations of malpractice or negligence on the part of another practitioner within the PC.

The structure of a California Professional Corporation provides further advantages during the formation of a San Diego medical business or practice through increased benefits and tax advantages not available to any other California corporate structure.  For example, when compared to most traditional entities the Professional Corporation allows increased retirement and 401(k) contributions.  PC’s are able to take additional tax deductions which are unavailable to other entities associated with fringe benefits such as:

• Dependent Care
• Health Insurance
• Life Insurance
• Disability Insurance

 

The Addition or Formation of a Management Service Organization or MSO

If you are starting a medical practice or healthcare business in San Diego or Southern California or have an existing practice or business associated with the delivery of medical and healthcare services you should give serious consideration to the addition or formation of a Management Service Organization or MSO.  The MSO is a separate entity which streamlines all of the supporting facilities, services, accounting and tax work while allowing the medical team to focus upon delivering exceptional healthcare.

The primary advantage of an MSO is the ability to partner with external investment capital and business professionals who excel at providing the facilities, computers, networks, software, billing, collections, accounting and tax reporting.  Many healthcare and medical providers are highly skilled in their chosen profession and have found it is more efficient and cost-effective to partner with external business professionals to manage all of the non-medical aspects of a medical practice or healthcare business.  This allows the medical professionals to focus on one thing: delivering exceptional care while improving the patient experience and satisfaction.

If you’d like to learn more about Management Service Organizations or MSOs please check out our Podcast Episode 30 – Management Service Organizations or MSOs.

Experienced, Proven Attorneys for Starting a Medical Practice or Healthcare Business in San Diego or Southern California

If you are considering starting a medical practice or healthcare business in San Diego or Southern California turn to the experienced proven attorneys at the Watkins Firm.  We have provided legal and business services to the medical and healthcare communities for over 40 years.   We invite you to review our Podcast Episode 7 – Medical Practices and Healthcare Businesses as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.

Learn more about the additional legal skill and services your new healthcare entity, practice or group will enjoy when working with the Watkins Firm.