Starting a practice, buying an existing office, or adding an owner begins with decisions about the entity that will carry on the business. JTB Law helps dentists and other licensed professionals form and organize professional corporations, PLLCs, and other appropriate entities.
Justin Blair approaches formation as part of the practice’s business plan. The goal is to connect the entity, ownership arrangements, governing documents, and transaction requirements so that the organization can support what comes next.
Formation and organization tailored to your practice
The appropriate structure depends on the profession, jurisdiction, ownership, and activities involved. We review those factors and coordinate tax questions with your accountant or tax adviser as appropriate.
- Entity selection and professional ownership requirements
- Formation documents, organizational approvals, and implementation steps
- Operating agreements, bylaws, and ownership agreements
- Management authority, voting rights, transfers, and governance
- Coordination of licensing-related requirements and tax-adviser input
For new practices and practice acquisitions
A startup needs a structure that fits its owners and intended operations. A buyer also needs to coordinate formation with purchase documents, financing, leases, and the closing process. We help identify the relevant steps and how they fit the transaction timeline.
If formation is part of a purchase, see our dental practice acquisition services. If you are building a group, see DSO formation and expansion counsel.
Put the ownership agreement in place early
When more than one person will own the business, formation is also an opportunity to document how they will work together. Contributions, decision-making, compensation arrangements, distributions, transfers, and departures should be considered as part of that discussion.
JTB Law also advises on partnerships, buy-ins, and buy-sell agreements, including situations where an existing practice is adding an owner.
Do you work with professionals other than dentists?
Yes. JTB Law’s corporate and transactional work also includes medical, optometry, veterinary, chiropractic, and other professional businesses. The profession, relevant jurisdictions, and scope of each engagement are confirmed individually.
Can you form an entity for a practice in another state?
Justin has experience with professional entities and business expansion across multiple states. We review the proposed jurisdiction and activities, identify applicable requirements, and address any need for local counsel when defining the engagement.
What should I have ready for the initial discussion?
It is helpful to know the profession, proposed practice location, intended owners, anticipated services, and whether the entity will be part of a startup, purchase, or restructuring. A target opening or closing date also helps us identify the work and timing involved.
How are formation fees handled?
The entities, jurisdictions, ownership arrangements, and documents involved determine the scope. Flat-fee options may be available for defined projects. We discuss the appropriate fee arrangement before the engagement begins.
Discuss your next step
A complimentary 30-minute consultation is an opportunity to discuss your goals, the scope of your matter, and whether JTB Law is a fit. Representation begins after the engagement and any required conflict review are complete.
Or call (801) 850-6820. Please do not send confidential documents before an engagement is established.