TY - JOUR
T1 - Business entity selection
T2 - Why it matters to healthcare practitioners part II-corporations limited liability companies professional entities
AU - Nithman, Robert W.
N1 - Publisher Copyright:
Copyright © 2015 by Greenbranch Publishing LLC.
PY - 2015/5/1
Y1 - 2015/5/1
N2 - The Bureau of Labor statistics indicates only a 50% four-year survivability rate among businesses classified as "education and health services." Gaining knowledge of IRS business entities can result in cost savings, operational efficiency, reduced liability, and enhanced sustainability. Each entity has unique disadvantages, depending on size, diversity of ownership, desire to expand, and profitability. Business structures should be compatible with organizational mission or vision statements, services and products, and professional codes of ethics. Healthcare reform will require greater business acumen. We have an ethical duty to disseminate and acquire the knowledge to properly establish and manage healthcare practices to ensure sustainable services that protect and serve the community
AB - The Bureau of Labor statistics indicates only a 50% four-year survivability rate among businesses classified as "education and health services." Gaining knowledge of IRS business entities can result in cost savings, operational efficiency, reduced liability, and enhanced sustainability. Each entity has unique disadvantages, depending on size, diversity of ownership, desire to expand, and profitability. Business structures should be compatible with organizational mission or vision statements, services and products, and professional codes of ethics. Healthcare reform will require greater business acumen. We have an ethical duty to disseminate and acquire the knowledge to properly establish and manage healthcare practices to ensure sustainable services that protect and serve the community
KW - Business entities
KW - Business ethics
KW - Corporations
KW - IRS
KW - Liability protection
KW - Limited liability companies
KW - Partnerships
KW - Practice and risk management
KW - Professional entities
KW - Sole proprietorships
KW - Taxation
UR - http://www.scopus.com/inward/record.url?scp=84936763853&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84936763853&partnerID=8YFLogxK
M3 - Article
C2 - 26182701
AN - SCOPUS:84936763853
SN - 8755-0229
VL - 30
SP - 377
EP - 380
JO - Journal of Medical Practice Management
JF - Journal of Medical Practice Management
IS - 6
ER -