Business Structures for a Physician Practice: An Informed Choice

By Adrienne Hersh, JD, ICS Legal Counsel · July 15, 202623 min read

person reviewing virtual checklist — Business Structures for a Physician Practice: An Informed Choice

Summarize this article with Paxson

Options: Business Structures for A Physician Practice: An Informed Choice (This article)
Creating: How to Form and License Your Entity
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

One of the first decisions to be made by any new business owner is which type of business entity to form to operate the practice. Multiple options are available for physician offices, and each has features that affect personal and business contractual liability, professional liability, taxes and types of services that may be rendered.

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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.