Dr. Lucia has opened a dental organization. However, the plan is to expand the practice into a dental organization with at least five dentists working in several locations throughout Miami, Florida. The other dentists only want to be concerned with malpractice suits that are directly related to them and not any malpractice suits that may occur under the organization. What is the best strategy for setting up the medical business within the organization? a. Corporation b. Partnership c. Limited liability partnership d. Not-for-profit organization

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05-01-2024
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Dr. Lucia has opened a dental organization. However, the plan is to expand the practice into a dental organization with at least five dentists working in several locations throughout Miami, Florida. The other dentists only want to be concerned with malpractice suits that are directly related to them and not any malpractice suits that may occur under the organization. What is the best strategy for setting up the medical business within the organization? a. Corporation b. Partnership c. Limited liability partnership d. Not-for-profit organization

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imthesilly3456so imthesilly3456so · Answer 1 · 2024-01-05T05:41:05+01:00

Answer: The best strategy to protect individual dentists from organization-wide malpractice suits while allowing for expansion and multiple locations would be c. Limited liability partnership (LLP). This structure provides personal liability protection for individual dentists while facilitating organizational growth.

Explanation: In a Limited Liability Partnership (LLP), individual dentists enjoy limited personal liability, protecting their personal assets from the organization's debts or malpractice claims. This allows each dentist to focus on their specific practice without being directly responsible for the entire organization's legal issues. It also offers the flexibility needed for expansion into multiple locations, making it a suitable choice for Dr. Lucia's dental organization's growth plans.