Feb 21, 2023 | Blog, Buying/Selling a Practice, General, Law, Partnership/Operating Agreements
As we start the new year, many businesses and individuals are taking a step back and strategizing on what they want to accomplish for the upcoming year. Some may be considering changing jobs. Others may be planning to start a new practice. Whatever your next move is,...
Nov 5, 2019 | Blog, Dental Practices, Medical Practices, Partnership/Operating Agreements
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,...
Sep 28, 2018 | Blog, Dental Practices, General, Law, Medical Practices, Partnership/Operating Agreements
Practitioners often look to establish Management Service Organizations (MSOs) to help run the business end of a medical practice. Some of these services may include the following: handling payments for office space, providing equipment and supplies, or managing the...
Sep 28, 2018 | Blog, Dental Practices, General, Law, Medical Practices, Partnership/Operating Agreements
Practitioners often look to establish Management Service Organizations (MSOs) to help run the business end of a medical practice. Some of these services may include the following: handling payments for office space, providing equipment and supplies, or managing the...
Aug 21, 2018 | Dental Practices, General, Law, Medical Practices, Partnership/Operating Agreements
When a practice is undergoing changes, it is important for practitioners to work jointly with an attorney, financial advisor, and accountant to ensure the overall protection of their practice. The lawyer concentrates on the legal compliance of the practice; the...
Feb 27, 2018 | Buying/Selling a Practice, General, Medical Practices, Partnership/Operating Agreements
In New York State, professionals who are licensed through the Department of Education can structure their businesses in two ways: as a professional corporation (PC) or a professional limited liability company (PLLC). Under New York Law, both structures provide...
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