Should Your Practice Be a Limited Liability Company?
Burg, Brad, Medical Economics
"I'm not one for hopping onto bandwagons, but for some medical practices, this is like the discovery of penicillin," says Avon, Conn., attorney Martin A. Goldberg.
Ultimately, these might make partnerships and even S corporations obsolete," says practice management consultant Michael J. Wiley of Bay Shore, N.Y.
"I'm using them for clients ranging from four-physician practices to 280-doctor multispecialty groups," says Ivan Wood, a lawyer in Houston.
What are these experts so enthusiastic about?
It's a newly available form of business organization called the limited liability company. An LLC can solve some major problems. Until now, choosing a business …
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Publication information: Article title: Should Your Practice Be a Limited Liability Company?. Contributors: Burg, Brad - Author. Magazine title: Medical Economics. Volume: 71. Issue: 23 Publication date: December 12, 1994. Page number: 113+. © Advanstar Communications, Inc. Jan 23, 2009. Provided by ProQuest LLC. All Rights Reserved.
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