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S-corp starting questions


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At the risk of sounding rude here....if you think filing for an S-corp is complicated, and need to come here for help in naming it....you need a LOT more education on the topic before you spend the time/money on doing this.

You don't need to be an S-corp to be paid as an IC (1099).  

An S-corp LLC won't give you any protection from malpractice.

It's almost always an extra cost, and administrative burden, to have an LLC in these cases.

If your business model is something other than a method in which you get paid (1099 vs W2), then ignore this advice.

Caveat:  You may put OTHER assets into an LLC to protect them from malpractice claims.  We have our real estate investments/holdings in an LLC in the hopes of protecting them from malpractice claims should the need ever arise.

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Having been through all of this myself as a practice owner, do this.  Buy the best legal and financial advice you can afford, and follow their advice to craft the most detailed, powerful, and impenetrable operating agreement you can make. S-corp delegation is simple, Keeping yourself insulated from scum bag attorneys is another exercise altogether.  FYI, never put real property in an LLC.  It's a myth that LLCs provide any insulation from tort claims.  They are "pass-through" entities in many states.  Retain an attorney in your state familiar with healthcare law and heed their advice.  You will recoup your investment in the long-run.

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