Call Us Now: +1 (877) 330-2677 Live Chat: ONLINE NOW   

Best corporate structure and registration location for a CO medical practice

Asked by: Dr. Barry - 5 November, 2012 Planning to start a solo medical practice in Colorado. may have related business developing a health website. From corporate structure, liability, and taxation aspects which entity may be better - LLC or S corp and where to register... CO, DE, or NV? Thank you kindly for your thoughts.
Answered by: Robert Kowalski - 8 November, 2012 Dear Dr. Barry,

If you plan to organize your medical practice as a limited liability entity you would probably need to opt for Professional LLC (PLLC) or Professional Corporation (PC). Also, if your medical practice is located in Colorado that's the state you would need to register it in.

As far as choice between LLC or corporation goes I would like to refer you to our comparison article: LLC vs. Corp. It is also a good idea to consult a CPA before choosing how your entity is going to be taxed. Just keep in mind that LLC can be elected to be taxed as partnership/sole proprietorship, or S-Corp, or C-Corp, and that, among other things, is the reason LLCs became so popular.


We Want To Connect With You!

Social Media is increasingly the preferred method for businesses to connect with their clients, peers and customers. We are dedicated to share information and useful tools to help you grow your business.

Like us on Facebook, follow us on Twitter, and let's begin the exchange to Help Grow America One Business at a Time - starting with yours!