For professional corporations
with employment agreements and/or restrictive covenants that would ultimately like to operate as a limited liability partnership (or possibly as a limited liability company)--either because of a desire to expand geographically or to be able to take advantage of future merger opportunities--Norwalk also suggests a way in which such restructuring could be accomplished without a significant good-will-related tax burden.
MICHAEL TAYLOR MEDICINE PROFESSIONAL CORPORATION
04-06 SAULT STE MARIE
Karen Mazurski Medicine Professional Corporation
The courts' evaluation of this factor (as well as the others) will tend to work against the professional corporation
LLCs, like professional corporations
, can benefit firms practicing in a single state but probably are of little use to firms operating in more than one state.
Michael Cook reported the large firms have studies under way on the viability of different forms of practice, including professional corporations
, limited liability partnerships and limited liability corporations.
Many companies, particularly professional corporations
, pay year-end bonuses that substantially reduce the business's taxable income.
The plan sponsor was a corporation of eight doctors, each of whom was incorporated and whose professional corporations
(PCs) were shareholders in the plan sponsor.
With more than $700 million in annual premium, Medical Protective is a national leader in primary medical professional liability coverage and risk solutions to physicians, dentists, healthcare facilities and professional corporations
With about $700 million in annual premium, Medical Protective is a national leader in primary medical professional liability coverage and risk solutions for physicians, dentists, healthcare facilities and professional corporations
Combined, Pediatrix and its affiliated professional corporations
employ more than 860 physicians in 32 states and Puerto Rico.