Basic Legal Considerations in Starting and Maintaining a Dermatology Practice

The thrill of starting a dermatology practice can be intoxicating. Starting up a business allows the physician to have their own practice by themselves or with other key individuals to launch the brand and ideas. This article provides guidance on the steps a dermatologist should consider when starting a new practice or adding a new partner. In addition, this article details the tools a physician can use to evaluate the various types of "entities," which are sole proprietorship, general partnership, corporations, and limited liability companies, and examines the 4 primary areas that tend to determine whether the parties are sufficiently aligned for success.