Proper corporate structuring is essential for protecting your medical practice from liability. Below are strategies to mitigate risks:
Form a Professional Corporation
A Professional Corporation (PC) provides liability protection, ensuring your personal assets are shielded from business liabilities.
Implement Strong Bylaws
Well-drafted bylaws establish clear operational guidelines and help prevent disputes among shareholders.
Maintain Separate Finances
Keeping personal and business finances separate is critical for preserving your liability protections.
Secure Adequate Insurance
Malpractice insurance and general liability coverage are vital components of risk management.
The Law Office of Kris Mukherji specializes in creating robust corporate structures to protect medical practices. Contact the Law Office of Kris Mukherji at www.kmsdlawoffice.com to learn how we can assist with your legal needs.