Good afternoon. The only real difference between a non-professional corporation and a professional corporation...such as medical or legal...is that with regard to the professional corporation, you are not allowed to limit your liability with respective to professional malpractice. All other safeguards to protect your personal assets from the liabilities of the entity are the same.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
Right now with I have asole proprietary business, If someone sued me for malpractice, beyond my malpractice insurance, they can actually come after my personal assets. What I understand from your answer is ; even if I incorporate my medical business, they still can come after my personal assets. However if I am sued for other than malpractice issues, an incorporated medical practice has the same protection as any other inc. business. Is that right?
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