scrappy Posted May 18, 2023 Share Posted May 18, 2023 I recently acquired a family practice medical clinic in Denton TX from a physician moving out of the country. Please does anyone know how I can get a supervising physician for the clinic since I paid 100% for the business. Please any idea or suggestions will be helpful. A few doctors that I have approached are only interested in supervision, not partnership. This is a dilemma for me. HELP Quote Link to comment Share on other sites More sharing options...
SedRate Posted May 18, 2023 Share Posted May 18, 2023 Congrats! Quote Link to comment Share on other sites More sharing options...
Mayamom Posted May 19, 2023 Share Posted May 19, 2023 So are you looking for the SP to buy into the practice liked 50%? Quote Link to comment Share on other sites More sharing options...
scrappy Posted May 23, 2023 Author Share Posted May 23, 2023 I Quote Link to comment Share on other sites More sharing options...
martinitosnl Posted May 25, 2023 Share Posted May 25, 2023 so would this mean if you would have to give them 51% from the start? Would that mean they'd get 51% of net profit? Or can you function as a regular LLC instead of professional LLC? Quote Link to comment Share on other sites More sharing options...
jmj11 Posted May 30, 2023 Share Posted May 30, 2023 I was a practice owner in Washington state so I'm just trying to get my head around your problem. Is it a Texas law that a physician must own a certain percentage? I gave my SP a 1% ownership, only to satisfy CMS requirements at the time, but at least here, I could have owned it 100%. Mine was a LLC, not a PLLC. Quote Link to comment Share on other sites More sharing options...
donricardo Posted April 4 Share Posted April 4 Did you ever find a solution? Are you currently operating your clinic? Quote Link to comment Share on other sites More sharing options...
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