Blog
What is an Operating Agreement?
An operating agreement is a contract that outlines how a Professional Limited Liability Company (PLLC) will function from its inception. It can diffuse potential disputes between members if the agreement addresses certain areas of concern for the PLLC. For example,...
Startup Costs Associated with Opening a Medical Practice
When practitioners are thinking about opening up their own practice, regardless of specialty or field, there are a couple of concepts for them to consider to make sure that it's a viable option for them. Funding The Startup Costs The first question to ask is “How will...
Upcoming Seminar: The Ethics of Networking for Law Professionals
This September I am co-presenting a seminar at the New York County Lawyers Association and through Lawline at New York Law School with Janet Falk of Falk Communications and Research on the topic “Ethically Strengthen Your Networking Skills.” During the presentation,...
Can “Employed” Practitioners Protect Their Ideas & Inventions?
An employment agreement often includes language that prevents or limits a practitioner from taking ownership of their own intellectual property (IP). This can include IP such as research, inventions, patents or trademarks. Before joining a practice, practitioners...
Reflections on the 9-Year Anniversary of My Practice
This month, my practice turns nine. Back when I first began, I was not quite sure where the business would lead me — and I am happy to say that the opportunities I have had surpass anything that I could have imagined. In this past year alone, I have hired an...
Practitioners: Define and Clarify Your Outside Activity Limitations
When a practitioner joins a new practice, the employer wants the employee to dedicate all of their professional time to the practice. They generally do not want practitioners to engage in outside activities — even though it is on their own time — such as teaching,...
First Job? Protect Your Career By Asking the Right Questions
Practitioners who are close to completing their residency or fellowship often have many questions about their first employment contract and the various clauses within it. I regularly provide educational seminars to residents and fellows at metropolitan hospitals in...
Tele-Health and Compliance: Important Considerations You Need to Consider
Tele-practice is becoming increasingly common. Consultations, as well as tele-health care, are provided via Skype, Zoom or other video-conferencing platforms that preclude the need for geographical proximity between doctor and patient. For practitioners who choose to...
Ready to Buy a Practice? 3 Guidelines for Practitioners
Practitioners who are ready for the next phase of their career — or eager to hit the ground running — may consider purchasing an existing practice. If you are weighing that option, here are some questions and negotiable points to consider: Purchase Price: The selling...