Starting a new medical practice in Southern California requires legal business experience & healthcare expertise. The healthcare industry and associated licensure is highly regulated in California. Medicine is a business and the delivery of healthcare has radically changed over the past few years. COVID-19 has impacted every aspect of the practice of medicine. The winds of change are still blowing, and your new medical practice will need experienced medical and healthcare business attorneys who can guide you through each step of a medical practice startup. Our healthcare business attorneys will assist with multiple aspects of the process, including but not limited to:
- entity selection – a California Professional Corporation (PC)
- shareholders agreement and corporate documents & bylaws
- physicians contracts
- nurse and healthcare professional contracts
- Occupational Safety and Health Administration (OSHA) regulations and compliance
- The Health Insurance Portability and Accountability Act (HIPAA) compliance
California has a unique business entity known as the California Professional Corporation or PC. The California Professional Corporation was specifically developed for advanced degree professionals who are required to obtain specialized licensing. The PC provides personal protections for practicing professionals that a standard LLC, S-Corporation or C-Corporation does not offer. We are able to separate each professional from liability at a corporate or PC level. The PC also provides protections from liabilities arising from actions such as negligence or malpractice by another owner within the PC.
The California Professional Corporation extends advantages associated with taxation and benefits. Your new company will be able to offer and obtain tax deductions for many employment and fringe benefits including health insurance, disability, life insurance and even dependent care. The California Professional Corporation also allows increased retirement or 401(k) contributions that exceed the limitations of other business entities.
Starting a new medical practice in Southern California is an exciting opportunity. It requires unique legal and business experience and expertise to ensure success while providing the protections and advanced benefit options you seek. We invite you to contact the healthcare and medical business attorneys at the Watkins Firm or call today for a free consultation at 858-535-1511. Learn how we have helped many other San Diego medical practices to grow and thrive, and all we can contribute to get your new medical practice off to a strong start.
