Numerous healthcare professionals in Montreal recognize the significance of expertise in medical practice, but their businesses often falter due to a lack of understanding crucial legal aspects pertaining to medical business management. If you believe your medical practice could excel further, consult medical business lawyers like those at MÉDICALOI to explore how strategic adjustments to your company's structure can positively impact your revenue.
Our attorneys have assisted countless clients in assessing their medical practices to identify opportunities for structural changes that enhance efficiency. Another essential service provided by lawyers is the minimization of tax burdens by incorporating medical businesses, thereby reducing the physician's tax rate significantly. As a corporation, your company will be taxed as a small business, which is often a fraction of the cost you would pay as an individual. Connect with our approachable staff to discover how our cost-effective services can help you achieve your full potential. Call us at (438) 805-5515.
Incorporating your clinic creates a new entity through which you retain control over your business. This structure is favored by many physicians as it preserves ownership while providing numerous tax benefits, such as a lower small business tax rate compared to individual tax filing. Given the high salaries typically earned by doctors, individual tax rates in Canada can be exorbitant. Incorporating your medical practice can save you considerable funds that can be reinvested in your business or used to pay off debt.
The incorporation process demands legal expertise and finesse, as well as the ability to analyze your company's situation to establish appropriate business goals. As your legal counsel, we possess the necessary experience to accurately assess your business's legal requirements and provide the optimal corporate structure for a prosperous future. Contact MÉDICALOI today to learn how we can assist you!
Deciding to restructure your medical practice is a substantial undertaking, requiring some initial effort but potentially yielding significant future dividends. This legal undertaking involves knowledge and experience typically beyond a physician's purview. We understand the challenges of investing considerable effort in a career only to struggle due to the business aspects of managing a medical clinic. We have aided numerous clients in enhancing their practices' financial performance by delivering exceptional legal advice concerning their clinics' corporate structures. Our history of successful client interactions has given us a deep understanding of medical business law in Quebec.
Just as you may consult with other specialists on a complicated health issue or refer a patient to another physician who specializes in the treatment of his or her medical issue, restructuring a medical practice is a complex problem that requires a team working together. You can rely on us as specialists in this area. Contact the legal team at MÉDICALOI today for more information.
Several crucial steps must be followed when purchasing a dental clinic. In addition to consulting a reliable legal professional, you should prepare for the acquisition by considering the following questions:
Our accomplished business lawyers can help you address these questions and more as we guide you through the process of purchasing a dental clinic. We will also assist in drafting essential documents such as letters of intent, purchase offers, and purchase agreements. Additionally, we can advise you on critical factors to scrutinize during the due diligence period, helping you avoid costly mistakes.
Prior to founding MÉDICALOI, Shoib’s business experience included international negotiation of petroleum contracts, effecting technology and helping foreign corporations establish footholds in Canada.
At Medicaloi, Layal mainly assists clients in business and commercial law, more specifically in corporate buy-sell and merger transactions, in the drafting of various contracts and in the execution of due diligence mandates.
Practicing as a paralegal for 40 years in numerous areas of law, Maria has provided support to her superiors and colleagues in the following fields: Corporate and commercial law, Litigation, Successions and Family Law, Intellectual Property.
In the medical field, it is common for novice physicians to collaborate with experienced colleagues in the early stages of their careers. This partnership offers invaluable insights and prepares them for future practice ownership. However, joining a medical practice as an associate also entails certain risks. Mitigate the most significant risks by crafting a robust and legally binding associate agreement.
An associate agreement is a document that delineates the responsibilities of each party, including expected working hours, remuneration, vacation and sick day policies, and provisions for associate departure. Signing an inadequately drafted associate agreement can jeopardize your career; therefore, always seek legal counsel before signing such documents. Trust the attorneys at MÉDICALOI to provide competent legal representation, review your documents, and ensure they are legally sound and protective.
Whether you are establishing a medical clinic, expanding your current operations, or acquiring a new practice, our attorneys can address your legal requirements. Our extensive experience grants us profound knowledge of medical and dental business operations, enabling us to assist with a myriad of challenges you may encounter while managing your practice. We can help you avert common errors that result in substantial tax liabilities and hindered growth.
Contact us today at (438) 805-5515 to schedule a consultation at our conveniently located Montreal office at 8585 St Laurent Blvd Suite 230, only 1.3 km from Parc Jarry and 1.6 km from Parc Henri-Julien. Our office is a mere 14.9 km from the Montreal-Pierre Elliot Trudeau International Airport (YUL).
If you need help finding a buyer for your clinic, or if you are looking for a clinic to purchase, MÉDICALOI can help! We have an inventory of clinics that are either for sale or for purchase.