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  1. Mar 7, 2024 · Small businesses may be required to offer health insurance under the Affordable Care Act, so it’s important to know what options you have for getting coverage.

    • Select a Registered Agent. A registered agent for your LLC is a person or company authorized to accept official correspondence, such as legal or tax documents, on behalf you’re your healthcare business.
    • Choose Your Management Structure. While LLCs offer much management flexibility, you’ll need to decide if your LLC will be member-managed or manager-managed.
    • File State Documents. Next, you’ll officially form your LLC by filing a document with the state. The document is usually called the articles of organization but may be called a certificate of organization or a certificate of formation, depending on the state.
    • Draft an Operating Agreement. An operating agreement is required in California, New York, Missouri, Maine, and Delaware, but is critical to have no matter where your healthcare business is based.
  2. Jul 8, 2019 · Part of the consideration for a direct care practice is whether to operate as a limited liability company (LLC) or a professional limited liability company (PLLC). An LLC protects the owner of a business from liability regarding financial debts.

  3. We answer frequently asked questions from healthcare clients who are interested in forming a corporate entity such as an LLC or PLLC.

  4. Oct 20, 2023 · Pros and Cons of LLC vs. S Corp. Simplicity: LLCs are known for their simplicity and flexibility. They have fewer formal requirements than S-Corps, making them easier to set up and manage. This can be particularly advantageous for small wellness practices with limited resources.

  5. Aug 12, 2021 · Should you form your new business as a Limited Liability Company? Here’s what you need to know about starting an LLC.

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  7. Feb 7, 2024 · A robust business plan is essential for ensuring compliance with Regulation 17: Good Governance. This guide outlines the key components of a business plan tailored to the needs of health and social care providers, aiming to streamline the process in alignment with CQC requirements.

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