Pcs Jersey
Can a doctor form an LLC in New Jersey? What PC? (Professional Corp?)? How is it different from the LLC?
For course. He's just the same debt to income taxation system simple. An LLC is a flow through entity. Protect your personal assets from liability, But his income taxes as single or as a capital gain (depending on how much you take as salary compared with other types of income). Despite a LLC is incorporated, may be taxed as a corporation. What it means to be taxed as a professional corporation. A professional corp is formally constituted and pay taxes as a corporation. However, the Tax Reform Act of 1988 (not sure about the date) has changed the rules and basically screwed as any professional a doctor who decides incorporation. They pay much more in taxes than a traditional company. Note that you must use none of these entities without an accounting team competent. Here is where you can configure the protection of assets is likely to need to practice: http://www.asgoldstein.com/index.html Note that this is not an alternative to malpractice insurance. You must take reasonable malpractice insurance. However, the judicious use of asset protection to protect the reasonable, if you catch my drift.