Jump to content

Limited Liability Company

NP   (180 Views | 2 Replies)
by sspence sspence (New) New

23 Profile Views; 2 Posts

Hello fellow nurses,

I am a traveling FNP working in the State of California for a traveling agency. Since I can no longer be a 1099 I am looking at the option of making myself a Limited Liability Company (LLC) where my company pays me and then I pay myself. Does anyone know if California allows FNPs to form a LLC. The online search is very confusing with legal jargons.

Share this post


Link to post
Share on other sites

Neuro Guy NP has 7 years experience as a DNP, PhD, APRN and specializes in Vascular Neurology and Neurocritical Care.

1 Follower; 263 Posts; 7,767 Profile Views

9 hours ago, sspence said:

Hello fellow nurses,

I am a traveling FNP working in the State of California for a traveling agency. Since I can no longer be a 1099 I am looking at the option of making myself a Limited Liability Company (LLC) where my company pays me and then I pay myself. Does anyone know if California allows FNPs to form a LLC. The online search is very confusing with legal jargons.

You may want to talk to a health attorney. I don't know about California, but MANY states do not allow regulated professionals to form LLCs. Instead, they have to firm PCs (professional corporations) or some other similarly named business structure. The reason is because the professional must retain personal liability for malpractice, but can be shielded from personal responsibility for all other matters. So for example, under PC business structure, you can be personally sued for prescribing the wrong medicine, but can't be personally sued for failing to honor a business contract; the business contract lawsuit would have to be against the company. The PC is much like an LLC except that an LLC shields the members from pretty much all personal liability,whereas as the PC doesn't shield you from liability related to the practice of your profession but does for the business aspects. 

Share this post


Link to post
Share on other sites

2 Posts; 23 Profile Views

Very helpful. Thank you.

Share this post


Link to post
Share on other sites
×

This site uses cookies. By using this site, you consent to the placement of these cookies. Read our Privacy, Cookies, and Terms of Service Policies to learn more.