7 Crucial Steps for Annual Corporate Compliance for California Professional Corporations
Learn the 7 essential steps for annual corporate compliance for California professional corporations. Understand the importance of maintaining legal standing, avoiding penalties, and fostering transparency to ensure long-term business success.
The Importance of Not Commingling funds
Set Boundaries between your Business and Personal Finances to Avoid Commingling Funds. No matter whether you have used your asset as the capital investment for your startup or personal credit score to get a startup loan, creating a clear boundary between your business and personal finances is important to avoid unnecessary hurdles. Commingling Funds occurs […]
Why have a Buy-Sell Agreement?
Who needs a buy-sell agreement? Entering a business partnership is something like a marriage. While it’s not often preceded by romance, starting a company is a largely financial arrangement where partners share benefits and risks. In the event one partner is unable or unwilling to continue with the business, a buy sell agreement sets out […]
What is a Deadlock Provision?
When joining forces as partners in a group health care practice, doctors and dentists will normally make every effort to cover all the bases concerning the working provisions of their organization. Whether they set up as a professional corporation or operate as a partnership (or limited liability company outside of California), their partnership agreement, if […]
Understanding the California General Partnership
General Partnerships in California The California general partnership is the default entity formed when two individuals carry on a business activity for intended commercial gains and with the intent to share profits and losses. California general partnerships are one of the several common forms of business ownership and have a lot in common with sole-proprietorship. There […]
What Is Stark Law and How Does it Affect a Physician’s Practice?
The often-revised Stark Law, also known as the Ethics in Patient Referrals Act, has but one basic intent: to prohibit physicians from referring Medicare or Medicaid patients to any designated health service with which either they or members of their immediate families enjoy a direct or indirect financial arrangement. Originally enacted in 1989, expanded in […]
Hiring a Dentist: Employee or Independent Contractor?
Owner dentists must make the difficult distinction between treating an associate dentist as an independent contractor or an employee. While this has always been difficult to do, the line is becoming more and more blurred. This distinction, however, has important implications for your practice for a number of reasons: An employee has certain rights upon termination […]
7 Powerful Reasons to Choose a California Professional Corporation for Your Practice
Thinking of elevating your practice in California? Discover how forming a California professional corporation can offer you unparalleled benefits, protect your assets, and ensure compliance in your field.
s-corp vs c-corp
The following is a discussion of the differences and similarities between C-Corporations and S-Corporations with a look at the structure and tax implications of each.