RE: Re: new practice name vs. using personal name

[Guest guest]

Oak Tree is the S Corp.  it is the Medical Board that requires the dba.  I know many docs here that are a PC, which is how Oak Tree is incorporated, but it probably varies from state to state.

Pratt

 

Which is the S-Corp... Pratt, MD or Oak Tree Internal Medicine?

I have received conflicting answers from legal people as to whether I can use my name, Maggie Wyatt, MD as a dba under Eugene Ideal Internal Medicine, LLC -- another told me I could not use my name, only another company name.

I'm not worried about being able to deposit checks, as many have pointed out, the bank doesn't care. I'm more concerned with depositing checks made out to me as an MD causing me to void my LLC protection.

thanks,

MW

>

>

>

> I am opening my IMP next month and got an LLC registration/EIN# under a new

> practice name. However, an attorney told me I must conduct all business " as

> an LLC " and cannot accept any payments from pts or insurance to my own name

> as an MD, as that is " comingling of assets " and voids the protection of my

> personal property that the LLC affords.

>

> Does anyone have experience with this?

>

> Should I change the practice name just to my personal name, LLC? (which

> means I have to start over with the state registration, new bank account,

> etc.)

> I have asked other solo practitioners, my CPA, an attorney, other business

> owners, and the on-line company through which I registered my LLC...and

> gotten 5 different answers. Although some people told me I could add my

> name as " dba " , that is not true as you cannot add your personal name for

> DBA, only another business name.

>

> I am interested in others' experiences starting up.

>

[Guest guest]

I don't think it matters who the check is made out to as long as it's stamped To the Deposit of your LLC when you make your deposit. To: Sent: Tuesday, May 22,

2012 10:30 PM Subject: Re: new practice name vs. using personal name

Which is the S-Corp... Pratt, MD or Oak Tree Internal Medicine?

I have received conflicting answers from legal people as to whether I can use my name, Maggie Wyatt, MD as a dba under Eugene Ideal Internal Medicine, LLC -- another told me I could not use my name, only another company name.

I'm not worried about being able to deposit checks, as many have pointed out, the bank doesn't care. I'm more concerned with depositing checks made out to me as an MD causing me to void my LLC protection.

thanks,

MW

>

>

>

> I am opening my IMP next month and got an LLC registration/EIN# under a new

> practice name. However, an attorney told me I must conduct all business "as

> an LLC" and cannot accept any payments from pts or insurance to my own name

> as an MD, as that is "comingling of assets" and voids the protection of my

> personal property that the LLC affords.

>

> Does anyone have experience with this?

>

> Should I change the practice name just to my personal name, LLC? (which

> means I have to start over with the state registration, new bank account,

> etc.)

> I have asked other solo practitioners, my CPA, an attorney, other business

> owners, and the on-line company through which I registered my LLC...and

> gotten 5 different answers. Although some people told me I could add my

> name as "dba", that is not true as you cannot add your personal name for

> DBA, only another business name.

>

> I am interested in others' experiences starting up.

>

[Guest guest]

LLC is for tax NOT malpractice defense.When you get malpractice, though, be sure to ALSO get a "corporate" binder....All these details.....M in Western PASince 2004....To: Sent: Tuesday, May 22, 2012 10:30:29 PMSubject: Re: new practice name vs. using personal name

Which is the S-Corp... Pratt, MD or Oak Tree Internal Medicine?

I have received conflicting answers from legal people as to whether I can use my name, Maggie Wyatt, MD as a dba under Eugene Ideal Internal Medicine, LLC -- another told me I could not use my name, only another company name.

I'm not worried about being able to deposit checks, as many have pointed out, the bank doesn't care. I'm more concerned with depositing checks made out to me as an MD causing me to void my LLC protection.

thanks,

MW

>

>

>

> I am opening my IMP next month and got an LLC registration/EIN# under a new

> practice name. However, an attorney told me I must conduct all business "as

> an LLC" and cannot accept any payments from pts or insurance to my own name

> as an MD, as that is "comingling of assets" and voids the protection of my

> personal property that the LLC affords.

>

> Does anyone have experience with this?

>

> Should I change the practice name just to my personal name, LLC? (which

> means I have to start over with the state registration, new bank account,

> etc.)

> I have asked other solo practitioners, my CPA, an attorney, other business

> owners, and the on-line company through which I registered my LLC...and

> gotten 5 different answers. Although some people told me I could add my

> name as "dba", that is not true as you cannot add your personal name for

> DBA, only another business name.

>

> I am interested in others' experiences starting up.

>

[Guest guest]

Ok Matt, you got me.  What is a ‘corporate’ binder?

Thanks!

Eads, MD

Pinnacle Family Medicine

Colorado Springs, CO

www.PinnacleFamilyMedicine.com

From:

[mailto: ] On Behalf Of dr_levin@...

Sent: Wednesday, May 23, 2012 5:42 PM

To:

Subject: Re: Re: new practice name vs. using

personal name

LLC

is for tax NOT malpractice defense.

When

you get malpractice, though, be sure to ALSO get a " corporate "

binder....

All

these details.....

M

in Western PA

Since 2004....

From:

" Maggie

Townsend "

To:

Sent: Tuesday, May 22, 2012 10:30:29 PM

Subject: Re: new practice name vs. using personal

name

Which is the S-Corp... Pratt, MD or Oak Tree Internal

Medicine?

I have received conflicting answers from legal people as to whether I can use

my name, Maggie Wyatt, MD as a dba under Eugene Ideal Internal Medicine, LLC --

another told me I could not use my name, only another company name.

I'm not worried about being able to deposit checks, as many have pointed out,

the bank doesn't care. I'm more concerned with depositing checks made out to me

as an MD causing me to void my LLC protection.

thanks,

MW

>

>

>

> I am opening my IMP next month and got an LLC registration/EIN# under a

new

> practice name. However, an attorney told me I must conduct all business

" as

> an LLC " and cannot accept any payments from pts or insurance to my

own name

> as an MD, as that is " comingling of assets " and voids the

protection of my

> personal property that the LLC affords.

>

> Does anyone have experience with this?

>

> Should I change the practice name just to my personal name, LLC? (which

> means I have to start over with the state registration, new bank account,

> etc.)

> I have asked other solo practitioners, my CPA, an attorney, other business

> owners, and the on-line company through which I registered my LLC...and

> gotten 5 different answers. Although some people told me I could add my

> name as " dba " , that is not true as you cannot add your personal

name for

> DBA, only another business name.

>

> I am interested in others' experiences starting up.

>