Establishing Updated Corporate and Medical Business Companies
Many professional associations are converted to regular companies that can be owned with or by a non-physician spouse for creditor protection purposes.
Others may be restructured so that valuable assets can be separated out from the practice without triggering income tax.
We commonly provide Annual Minutes and also file Annual Reports with the Secretary of State for clients who request this.
We also recommend periodic meetings in conjunction with other activities and arm’s-length agreements to help assure that limited liability and tax treatment will be available.