Moondawgy Posted March 15, 2005 Share Posted March 15, 2005 Does anyone know about PA incorporation, i.e. incorporating oneself where your corporation then employs you and that corporation is hired to provide medical services, etc? I am interested in discussing (1) pro/cons and (2) mechanics of incorporating; and, (3) personal experiences!! Yes, I know an attorney would be fruitful here, but I am looking for advisement as a PA? Anyone know anything here or know of anyone to contact? Thanks, Jeff Link to comment Share on other sites More sharing options...
Guest adamscohn Posted March 15, 2005 Share Posted March 15, 2005 I am interested in these questions as well. Have you tried starting with your state liscensing board? They may outline restrictions on PA ownership of practice. Here's a AAPA link i thought was a good start. adam http://www.aapa.org/gandp/shrhldr-procorp.html Link to comment Share on other sites More sharing options...
Guest palulu Posted March 27, 2005 Share Posted March 27, 2005 I know that the laws in Kansas have changed recently allowing PAs to own part of a practice, but not over 49%. They do not want PAs hiring their own sponsoring physician. If you get this going I would also be interested. Link to comment Share on other sites More sharing options...
Guest begreatwellness Posted May 19, 2005 Share Posted May 19, 2005 Are you thinking...Incorporating yourself so that being hired as an independent contractor for medical services, your contract is actually through the incorporated entity of yourself...ie writing off all your expenses and what not? Link to comment Share on other sites More sharing options...
Moondawgy Posted May 24, 2005 Author Share Posted May 24, 2005 Yes, exactly, by becoming incorporated, pushing the liability on the corp. versus on the individual (the PA), etc. Jeff Link to comment Share on other sites More sharing options...
Guest Kish Posted June 12, 2005 Share Posted June 12, 2005 Be sure to get an opinion for a qualifed tax attorney before trying this at home... One of the groups I worked for was all for not having to pay employment taxes on me... but their accountant screamed and made them consult two tax attorneys in the phoenix metro area. [cost them over $1200 in consult fees, which I heard about for a year] Both attorneys said that since PA's are [according to State law] "Supervised" by physicians they would not even TOUCH a case regarding incorporating a PA as an independant contractor in front of the IRS. I have since then been an employee. Link to comment Share on other sites More sharing options...
Guest ESSmithPA Posted June 23, 2005 Share Posted June 23, 2005 I live in Florida, where the law dictates that a PA can own up to 99% of a medical practice, and the remaining 1% can be owned by anyone else, whether it be a physician or not. Eric. Link to comment Share on other sites More sharing options...
Moondawgy Posted June 28, 2005 Author Share Posted June 28, 2005 Eric, Can you direct me to statuory language evidencing your argument? I too live in Florida. Thanks, Jeff Link to comment Share on other sites More sharing options...
Guest ESSmithPA Posted June 30, 2005 Share Posted June 30, 2005 Hi Jeff, Actually there are no Florida statutes that dictate this rule. It is a rule more laid out by Medicare. -Eric. Link to comment Share on other sites More sharing options...
Contrarian Posted August 8, 2005 Share Posted August 8, 2005 I started a company (PLLC) that contracts with Physicians and employs PAs (me) to provide care to Homebound patients.:eek: :cool: DocNusum Link to comment Share on other sites More sharing options...
Guest solanaca Posted August 14, 2005 Share Posted August 14, 2005 I started a company (PLLC) that contracts with Physicians and employs PAs (me) to provide care to Homebound patients.:eek: :cool: DocNusum What state are you in? Can you do this through the state (secretary of state, small business corporation channels)?:confused: BTW, I'm in CA. Link to comment Share on other sites More sharing options...
Contrarian Posted August 15, 2005 Share Posted August 15, 2005 What state are you in? Can you do this through the state (secretary of state, small business corporation channels)?:confused: BTW, I'm in CA. WA state. I don't know about CA...but there were some PA's that used to lecture at Stanford that owned/ran their own clinics. I just did as many solo MDs had done... Wrote the Company mission/intent, By-Laws/rules, job descriptions, etc... Wrote the Contracts for the Docs (hired one...looking for others!) Hired a provider (Me) Then Formed a Limited Liability Corporation= $500 and 24hrs (PrimeCare PLLC) PrimeCare PLLC salary for Members (Providers/Owners): 60% of reimbursment! (35% to SP doc and 5% to company) PrimeCare PLLC benefit package for Members (Providers/Owners): A company vehicle, licensing, fuel, vehicle insurance, vehicle maintenance. Cellular phone and data service. ($200/month) Motion Tablet PC with EMR, a desktop PC with winfax. Internet service allotment ($40/month) Paid Malpractice, disability, Health care premium, licensing fees CME ($2000/year) Medical Books, journals and equipment ($500/2years) 401k 8 months in operation and doing ok;) DocNusum Link to comment Share on other sites More sharing options...
Guest bwbody Posted October 7, 2005 Share Posted October 7, 2005 In the bass-ackwards State of Pennsylvania, only physicians can own a medical practice. Billing can go out under a PA, but reimbursement must go back to the corporation or directly to a physician. The best you can do is creative/generous profit-sharing with the physician owners. It's about as progressive as the State Board of Osteopathic Medicine, who, despite more than 20 years of legal mandate, still won't delegate prescriptive privilege. Good luck in your efforts! Link to comment Share on other sites More sharing options...
Guest rgmullis Posted December 2, 2005 Share Posted December 2, 2005 Im a little late in getting into this discussion, but....Im a PA living in Georgia and am also interested in clinic ownership. Im not sure if the 99% ownership rule applies in Georgia, but other concerns that I have are practice guidelines, overhead, etc... What sort of laboratory services (if any) do you offer in your clinic? Xrays? Do you have to have certifications to perform these procedures? Do you have employees besides yourself and your supervising Doc? What if your only suprervising doc takes a vacation? Do you have to close up shop? Link to comment Share on other sites More sharing options...
Guest lesley Posted December 2, 2005 Share Posted December 2, 2005 FYI-for CA. PAs, CAPA is offering 2 seminars on legal issues involved with independent contracting. I believe there's 2 seminars set up on different days for which you need to register and pay to attend. Check out the info on the website:www.capanet.org/ hope this helps lesley Link to comment Share on other sites More sharing options...
Guest Dvander Posted December 29, 2006 Share Posted December 29, 2006 Any Michigan folks out there that can help me with being a practice partner or ownership of the practice? Where do you go to get the state laws? Link to comment Share on other sites More sharing options...
ssamalin Posted January 7, 2007 Share Posted January 7, 2007 I just got a quote for $3500 from a broker, with 25% deposit (and 300 fees.) The AAPA has coverage for 1600 paid in full. I may do the broker since his initial $ are less. Anyone know a good broker? (I'm a CA PA that wants to do contracting.) Link to comment Share on other sites More sharing options...
Guest Dvander Posted January 10, 2007 Share Posted January 10, 2007 Any Mich PA info on the same subject? Looking for some good advice on requirements for practice info in general:o Link to comment Share on other sites More sharing options...
Guest pmazzarese Posted September 26, 2008 Share Posted September 26, 2008 I am in California and have just started my business. I am a surgical PA specializing in general, colorectal, hepatobiliary, and bariatric surgery. I have enlisted the help of the chief counsel for the California Academy of PA's and he states that I can start a corporation (I have an S-corp) and have that corporation bill for my services on my behalf. Since it is a surgical assisting business, it is considered a professional corporation but does not have to be considered a "medical practice". Thus, I do not necessarily require a physician to own 51% of the corporation. Still working on the details and I'll keep you all updated on the progress of this venture. Cheers, PMazz, PA-C Link to comment Share on other sites More sharing options...
tdtanc@aol.com Posted September 30, 2008 Share Posted September 30, 2008 All I have to say is you will be successful. Its all about the volume of cases you assist in and not so much the type of cases. Always be available morning, noon, and night. Get back to us in 6 months. Tax advantage of all the tax write-offs. You will never work for someone else ever again. TD Link to comment Share on other sites More sharing options...
Guest PAinPA Posted October 10, 2008 Share Posted October 10, 2008 There's a great lecture on my website www.PAprofession.com on being an independent contractor vs employee. Although it isn't state specific, the lecture gives a lot of information about the IRS rules and corporate structures available. It was real eye opening to watch. The lecturer is an independent contractor from NV. There are a lot of advantages, disadvantages, and rules to make sure you're doing it right. Abby Jacobson Link to comment Share on other sites More sharing options...
Guest adamscohn Posted October 13, 2008 Share Posted October 13, 2008 this website costs $125 for access to these lectures! that is ridiculous, we shouldn't waste our money to make abbey rich. Link to comment Share on other sites More sharing options...
Guest PAinPA Posted October 20, 2008 Share Posted October 20, 2008 Dear Adam, I'm not sure if I should be flattered or insulted. ha ha! I doubt the website will make me rich. As a volunteer in various PA organizations (SAAAPA, AAPA, State Society, and specialty society) since my first year in PA school I would have loved to make the site free but the cost to put up the website (sorry I'm not tech savvy), maintain & update the content, restrict who can access it, and get expert content from outside sources cost thousands. I think if you price out access to that much content on the billing alone you'll see it's priced way under market. But I'm glad to see you don't need to content Adam! I just hope other PAs who are looking for help with compensation, contracts, malpractice, billing, negotiations, and becoming an independant contractor will find the site helpful. I haven't had a complaint from a single subscriber yet! :) Abby Jacobson, MS, PA-C PAprofession.com Link to comment Share on other sites More sharing options...
Guest MSeese Posted January 19, 2009 Share Posted January 19, 2009 Hey all! New to your thread as well. I'm a FL PA just starting the leg-work to open my own practice. I already have a site, medical director and a plan... now I just have to make it all work. Meeting with a small business lawyer next week. I could really use some insite from some PA's that have opened their own clinics, especially other FL PA's. I want to know what billing companies have worked or not worked, how you negotiated with other providers, marketing, how much you pay your medical director... EMR's, tablets, Clia labs... I'd just like to hear about your experiences- good and bad. Thank you!!! Mike Link to comment Share on other sites More sharing options...
Moondawgy Posted July 14, 2009 Author Share Posted July 14, 2009 Does anyone have copies of the following documents that they would be willing to share (personal information omitted): 1. contract between your incorporated company and company paying for your services 2. contract between you and your incorporated company 3. incorporation documents, i.e. operating agreement Would like to review the various components of these documents as they pertain to PA incorporation. Thanks in advance, Jeff Link to comment Share on other sites More sharing options...
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