The Importance of Not Commingling funds

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 […]

Dental Practice Startup: 11 Step Guide to Opening a Dental Office Successfully

Dental Office Lease

Opening a dental office in California is an exciting but complex journey. Proper planning and understanding the details are essential for success. From legal requirements to market analysis, each step plays a crucial role. This guide will help you navigate the dental practice startup process in California. 1. Understanding the Market when Opening a Dental […]

Corporate Practice of Dentistry: Dental Support Organizations (DSO)

DSO Dental Support Organization

While the vast majority of dentists practice independently, that number is shrinking. Increasingly, dentists are contracting with Dental Support Organizations (DSO), Dental Management Support Organization (DMSO) or Management Support Organizations (MSOs), to handle the business of the practice while dentists focus on clinical aspects of patient care. This relatively new phenomenon has led to an […]

Why have a Buy-Sell Agreement?

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?

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 […]

Are You Considering Partnering With Another Doctor?

Are You Considering Partnering With Another Doctor/Dentist?

As a doctor or a dentist, are you currently thinking of partnering with at least one other member of your profession? If so, you’re not alone. As many as one out of every five new dentists, for example, eschew the thought of private practice and choose instead to enter into group medicine directly out of […]

Understanding the California General Partnership

California 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?

Stark Law

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 […]