Practice formation, employment agreements, equipment leases, M&A advisory, and HR compliance for physician-owned medical practices.
Physician practice groups need legal counsel that understands both the business and operational realities of running a medical practice. From forming a new practice to negotiating equipment leases, managing employment agreements, and planning for eventual transition or sale, lawyers help physicians focus on patient care while handling the legal infrastructure that keeps the business running smoothly. The approach is practical and business-focused — helping you make smart decisions about your practice as a business.
Setting up professional corporations, partnerships, and operating structures that meet state requirements while optimizing liability protection and tax treatment.
Physician employment agreements, staff hiring policies, compensation structures, benefits administration, and workforce compliance for medical practices.
Reviewing and negotiating medical equipment leases, office space leases, and vendor agreements for practice operations.
Advising on practice acquisitions, partner buy-ins and buy-outs, practice mergers, and sale to larger groups or health systems.
Core practice areas that support physician practice groups businesses.
Professional corporation and practice entity setup
Employment agreements, leases, and vendor contracts
Staff management and HR policies for medical practices
Practice sales, mergers, and partner transitions
Most states require physician-owned practices to operate as professional corporations (PC) or professional limited liability companies (PLLC). The right structure depends on state requirements, number of physicians, and tax planning goals. Your lawyer can help choose and set up the right entity.
Key provisions include compensation structure and bonus formulas, call coverage responsibilities, benefits, non-compete terms, termination provisions, and tail malpractice insurance obligations. Lawyers draft agreements that protect both the practice and the physician.
Practice valuations typically consider revenue and profitability, patient base demographics, payer mix, facility and equipment assets, staff quality, and local market dynamics. Your lawyer works with valuation professionals to help you understand your practice's worth and negotiate accordingly.
Pay attention to the total cost of ownership vs. purchase price, maintenance responsibilities, upgrade provisions, end-of-term options, and early termination penalties. Equipment leases can be a smart financing tool, but the terms need careful review.
Schedule a consultation to discuss your physician practice groups business needs.