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The legal form chosen is contingent on the organizations funding requirements, legal restrictions, and amount of liability inherent in the business, the nature of the business, the number of employees, tax considerations, and perpetuation of the enterprise (DBPR, n.d., p. 2)
The author of this paper works in a medical practice residing in the state of Florida. This organization is a corporation, and formed its business as a Professional Practice Entity. All states permit professionals such as physicians, accountants, lawyers, and dentist to incorporate their professional practices.
These practices have a number of options as to their form of business entity such as, Professional Corporations (P...
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