Medical Entity Formation And Qualification
Last updated on May 6, 2025
The attorneys of Malecki Brooks Ford Law Group, LLC, offer comprehensive legal services for healthcare providers looking to establish their own practices. As a health care law firm based in the greater Chicago area since 2017, we serve clients throughout Illinois and nationwide. We focus on health care law, and some of our lawyers have previous in-house counsel experience in health care settings. With over 300 years of combined experience, we fill a needed niche, addressing the diverse legal issues faced by providers and hospitals with the personal attention and reasonable fees that only a smaller firm can provide.
Our entity formation law section, led by Raya Bogard, provides a personalized touch, with our team always ready to answer calls and assist our clients.
Types Of Health Care Businesses
Under Illinois law, healthcare practices can be medical corporations, professional service corporations, or professional limited liability companies. These legal entities that provide professional services, such as medical care, are regulated by the Illinois Department of Financial and Professional Regulation (IDFPR). Forming an entity provides liability protection for personal assets and offers tax advantages. We can guide you through the entity formation process to remove the risk of costly mistakes.
Additionally, healthcare practices that provide services to clients or patients in states other than its original state of formation need to qualify the practice in each state where it provides services. This qualification process varies by state and we can guide through each state’s qualification process in an efficient manner.
Building Your Entrepreneurship Team
Starting a business requires assembling a team of experienced advisers. Providers benefit from the insights of professionals who can prevent costly mistakes. Engaging with advisers early can save time and expenses. Critical team members include:
- Attorney: Focused on health care law to handle legal entity creation and contract reviews.
- Accountant: To manage revenue cycles and predict income.
- Insurance Broker: To find the best malpractice insurance and other insurance options.
- Biller: Experienced in billing payers and assisting with payer credentialing.
- Strategic Planner: To create a business development road map.
- Banker: To provide financing, ideally without having to turn to home collateral.
- Certified Financial Planner: To plan investments from profits.
- Asset Protection Attorney: For estate planning and asset protection.
Your New Practice Commences With A Telephone Call
For providers considering a healthcare business formation or independent practice, we invite you to contact Malecki Brooks Ford Law Group, LLC, to schedule a legal consultation. Call our Des Plaines office at 630-912-6146 or send us an email.