Keren Weiss was featured in “Sound Corporate Housekeeping: How to Protect Your Entity’s Independent Status,” published by RBMA
Sound Corporate Housekeeping: How to Protect Your Entity’s Independent Status
By: Keren Weiss
With the growing scrutiny of business operations and corporate liability, radiology and imaging practices must diligently work to maintain certain corporate formalities, thereby minimizing the risks and exposure to the business and its owners. Although often overlooked, medical practices of all sizes should recognize the value of operating the business entity as a limited liability entity or corporation. By utilizing a corporate structure such as a corporation, limited liability company (LLC), limited liability partnership (LLP) or limited partnership (LP), officers, directors and partners gain invaluable protection against personal liability for acts of the practice, including shielding personal assets from judgments or debt collectors.