I need info on how to start a medical practice. Taxes, permits whether to be a corp, sole propreitorship, or a partnership. There are only 2 doctors, nurse and office manager.
I have a medical practice. I am practicing natural medicine. First you need to find out if the doctors involved want to be partners or if they just want to be "worker bees" in the practice. Secondly you have to look at the skill set you bring to the table. If you are the office manager that would be good as you can watch the financial bottom line of the practice. As far as how to start up find out whom wants to be partners first. If they have no interest in being partners then you would simply start the business as a sole proprietorship which is what I think is the best road to take for the simple fact that you don’t have to worry about splitting up who claims what when it comes to taxes, billing, etc… Pros: there is no splitting the profits you are the boss, you make your own schedule and you call the shots as to what stays what goes.
Cons: you are liable for everything, you pay all the bills, you are responisible if a lawsuit comes up.
I have an extensive list of things you will need to do however I feel I should email you that info as you do not want everyone knowing how you will set up your business.