What is the best business form for physicians to use to operate a medical practice?
Typically, physicians structure their medical practices as an S corporation or in some cases a C corporation. If the medical practice owns the building and/or expensive equipment, a separate LLC should be created to own the land and/or the equipment (see the LLC Q & A below). In addition, more asset protection may be available if the practice is structured as an LLC rather than an S corporation. This is discussed more later.
Related Questions
- If I use the right business form for my medical practice, and have malpractice insurance, should I consider having an asset protection program too?
- What is the best form to conduct business (corporation, partnership, limited liability company, etc.)?
- What is the best business form for physicians to use to operate a medical practice?
