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13. What Business Structure Options Do I Have?

Оглавление

Virtually all practices will be conducted in one of the following business formats:

• Sole proprietorship

• General partnership

• Limited partnership or a variation on the partnership format called a limited liability partnership (LLP)

• Corporation, which will be either a “C” corporation or an “S” corporation, and will be a professional corporation or a standard business corporation

• Limited liability company (LLC), which in a few jurisdictions might be a professional LLC

There are positives and negatives connected with each business format, as discussed below. In addition, a given format may simply not be appropriate because of the way you intend to conduct your practice.

A Dentist’s Guide to the Law

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