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Business Structures for a Physician Practice: How to Form and License Your Entity (Part II)

By Adrienne Hersh, JD, ICS Legal Counsel · July 22, 202623 min read

Person completing an online application — Business Structures for a Physician Practice: How to Form and License Your Entity (Part II)

Summarize this article with Paxson

Options: Business Structures for A Physician Practice: An Informed Choice
Creating: How to Form and License Your Entity (This article)
Converting: How To Convert to A Correct Business Structure
Filings: Required Filings for Maintaining Your Business Structure
Verify Registration: Is Your Corporation or LLC Registered with IDFPR?
Separate Location Requirements: IDFPR Requires Separate Registration for Each of Your Locations

Part I of this series reviewed business structures that physicians may use to operate a practice. In choosing the type of entity, the ICS recommended that practice owners consider factors such as simplicity, control, liability, taxation, and types of services the owners want to provide. The ICS suggested that physician practice owners identify their business and personal priorities and select the entity that best serves those needs. (See here.)

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About the Author

Adrienne Hersh, JD, ICS Legal Counsel

Adrienne serves as Illinois Chiropractic Society general counsel and provides legal advice and support on a wide range of legal issues affecting chiropractic physicians, including licensing and other health care regulations, scope of practice, insurance and reimbursement, business structuring, labor and employment, contracts, and litigation. Adrienne previously served for 8 years as general counsel to the Illinois Department of Professional Regulation (now the Division of Professional Regulation, Department of Financial and Professional Regulation), where she was chief legal counsel responsible for overseeing all legal issues and advising the 50+ licensing and disciplinary boards, including the Medical Disciplinary Board and the Medical Licensing Board. She is a member of the Illinois State Bar Association Health Care Section, the Illinois Association of Healthcare Attorneys, and the National Association of Chiropractic Attorneys.