Asked by netta blinchevsky on May 24, 2024
Verified
Diego just finished a residence in internal medicine and wants to go into practice with Rowan and Desiree. Diego tells you that while he needs to practice with other physicians for call coverage and for other reasons, he does not want to be liable should the other physicians be found guilty of malpractice. You discuss various incorporation options with him, but he tells you that he would like to form a partnership. What business form would you recommend to him and why?
Partnership
A legal arrangement where two or more persons agree to share the profits of a business which they run together.
Malpractice
Failure of a professional to perform their duties to the required standard of care, resulting in harm to their client or patient.
Corporation
A legal entity recognized by law as separate from its owners, with rights to own property, sue or be sued, and conduct business.
- Acquire knowledge about the notion of limited liability and its function in defending business proprietors.
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Learning Objectives
- Acquire knowledge about the notion of limited liability and its function in defending business proprietors.
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