Wisconsin Professional Limited Liability Partnership Agreement to Practice Medicine
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How to fill out Professional Limited Liability Partnership Agreement To Practice Medicine?
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FAQ
The Wisconsin statutes regulating medical practices and the policies behind the general rule prohibiting the corporate practice of professions both dictate that in Wisconsin a business corporation may not provide medical services through employed professionals.
So you've decided it's time to look into opening up your own medical Limited Liability Company, or LLC, for your practice.
General partners can be held liable for their debts and their partner's debts. Only a PC offers some liability protection for physicians in a group medical practice. Through a PC, doctors can protect themselves against personal liability for the contracts, leases, and other debts of the business.
Limited Liability Partnership The partners of an LLP have more liability protection than partners of a general partnership, but they still have unlimited personal liability for obligations of the practice.
However, operating as a PC, LLP or LLC generally can protect you against personal liability for malpractice committed by another physician in the practice. (General partnerships do not offer this protection, while sole proprietorships do not need this protection.)
Stat. § 25-3-103.7. Connecticut Yes.
Advantages and Disadvantages of Medical Partnerships Possibility of taking more financial risks and making investments, compared to the independent practice. More freedom in choosing the hours of work, working part-time or full-time. Greater financial security.
