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[Practice in private professional corporations].

Since 1992, doctors may exert through a private professional corporation. The Decree no 94-680 of 3rd of August 1994 details the new regulation. For physicians used to the liberal scene, one of the greatest innovation is the payment mode. It is basically divided in two parts: the work remuneration as wages or management allowance, and capital remuneration as dividends. This last possibility offering important savings on social contribution, social contribution being calculated only on the work remuneration part. Taxation being in this case a taxation of the company and of the physician on his incomes and dividends. It is a precious instrument to take part in a regrouping and to integrate new associates. Nevertheless it still is an individual's choice and before getting engaged, consequences of the choices selected have to be appreciated with a qualified professional.

Decision Making↗

Professional corporations--recent developments.

A lengthy, detailed article reviewing legal and tax problems of professional corporations has been withdrawn from this issue of California Medicine. Instead, we are presenting a status report which is simply another chapter in a continuing saga.

Economics, Medical↗

Health care tips for your professional corporation. II. Or where there is a buy-sell agreement and an employment agreement, there is a way.

In my earlier article, I discussed the importance of the Buy-Sell Agreement and the Employment Contract in the professional corporation (PC) environment. In that article the discussion was centered primarily upon the Buy-Sell Agreement and its structure. In this article, my comments will focus upon the shareholder Employment Contract with suggested provisions for language to enhance its efficacy.

Employment↗