by LawInc Staff
May 11, 2023
Are you a California physician assistant or physician associate interested in forming a California professional physician assistant corporation? If so, there are many benefits to doing so. Consider the following:
1. Limited Liability Protection |
California professional physician assistants corporations can help provide the physician assistant with liability protection in case of a lawsuit (except in cases of malpractice). |
2. Tax Deductions |
By forming a physician assistant corporation, physician assistants can take advantage of certain tax benefits like the ability to more easily deduct business expenses. |
3. Tax Savings |
Taxing your physician assistant corporation as an S corporation, or small business corporation, allows the ability to reasonably reduce your payroll taxes. |
4. Pass-Through Taxation |
Unlike C corporations, California physician assistant corporations taxed as S corporations avoid “double taxation.” Profits and losses are passed down to the physician assistant shareholder(s). |
5. Retained Earnings |
Since S corporations are not taxed at the corporate level, it can be easier for the physician assistant to retain earnings and reinvest them into their S corporation. This can be helpful for physician assistant corporations looking to build up their cash reserves. |
6. Employee Benefits |
It is simpler to offer employee benefits like retirement plans and health insurance through a California physician assistant corporation. |
7. Continued Existence |
Physician assistant corporations allow for perpetual existence. This means that the professional corporation has a “life of its own” and can maintain its existence even if the shareholders (owners) change. |
8. Credibility |
Operating as a corporation can provide credibility to a physician assistant. |
LawInc Can Help You Form a CA Physician Assistant Corporation
If you are a licensed California physician assistant and would like help starting a professional physician assistant corporation, LawInc is here to help.
Visit LawInc on YouTube
