FORMS OF BUSINESS ENTERPRISES

Like other business persons, health care providers may choose among a variety of organizational forms for conducting their businesses.Lawyers are often asked to structure arrangements that satisfy a number of distinct (and sometimes conflicting) objectives.These include:

Complying with various legal constraints

Promoting business or strategic goals

Allocating risk and power among the parties

Minimizing tax liabilities

And numerous other considerations.

There is rarely a single "correct" choice of business form.

Choice of Entity

What follows is a brief review of the alternative legal entities and their principal advantages and disadvantages:

1. For-Profit Corporations.
2. Not-for-profit Corporations
3. Partnerships:
4. Limited Partnerships:
5. Limited Liability Companies and Limited Liability Partnerships: