Asked by Alexandra Lippmann on Jul 13, 2024
Verified
A medical practice model that is authorized by state law to act as a single entity is a ____.
A) partnership.
B) group practice.
C) professional corporation.
D) sole proprietorship.
E) clinic.
Professional Corporation
A business structure legally recognized that allows licensed professionals, such as doctors or lawyers, to offer their services.
- Understand the significance of meticulously examining employment agreements and the need for particular clauses.
Verified Answer
ZK
Zybrea KnightJul 13, 2024
Final Answer :
C
Explanation :
A professional corporation is a specific type of corporation authorized by state law that allows professionals, such as doctors, lawyers, and accountants, to organize their practices. This structure provides them with the corporate advantages of limited liability and operational flexibility while still enabling them to offer their professional services.
Learning Objectives
- Understand the significance of meticulously examining employment agreements and the need for particular clauses.
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