Medical Practice Formation
Setting out to form your own medical practice is an exciting decision. It is also one that should be not made without complete information. There are many different business forms to choose from, each of which has its own set of advantages and disadvantages. It takes an experienced lawyer to help you make the choice that fits best for you.
Choosing the right health care entity is one of the critical first steps in establishing a medical practice. One important thing to know is that Texas prohibits the corporate practice of medicine. This applies to both medical doctors and dentists. Therefore, these professionals cannot form corporations to practice medicine in Texas. There are, however, a number of business forms to choose from which include:
Professional Association (PA),
Limited Liability Partnership (LLP), and
Professional Limited Liability Company (PLLC)
The attorneys at AAM LLP will discuss the differences of each entity and help you make the decision that fits your needs.
If you are a medical professional involved in the ownership of a practice, or are considering establishing a medical practice or health care clinic in South Texas, there are unique medical practice contracts that are important parts for operating a successful medical practice, some of which include:
Medical Director’s Agreement
Physician Employment Agreement
Physician Non-Compete Agreement
Before you sign a medical service contract with a hospital, a medical group or practice, independent diagnostic testing facility, diagnostic lab, emergency room or insurance provider, talk to an attorney at AAM LLP. With more than 15 years of Texas health care law experience, we have developed a reputation as one of McAllen’s prominent law firms for doctors and medical practices.