DPS Legal Counsel
Helping health professionals and entrepreneurs navigate the business of healthcare and the business of business
DPS Legal Counsel protects the business, regulatory, contract, transactional, intellectual property, compliance, and tax interests of health practices and small businesses from initial formation through founder retirement and practice/business succession
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Recent Blog Posts
Tennessee Tax-Free Weekend is Coming Soon!
July 27-29 is the annual Tennessee Tax-Free Weekend. For eligible purchases made during this time, you can buy without paying the normal 7% state sales tax. In general, eligible purchases include clothing that costs $100 or less per item, school or art supplies that...
Dentists, You Need to Check Your Practice’s HIPAA Compliance
Earlier today, I posted about the need for physicians to make sure that their medical practices were in compliance with HIPAA's requirement to have a written business associate agreement with any vendor with whom the practice shares a patient's protected...
Physicians, Don’t Overlook Your HIPAA Compliance – A $31,000 Mistake
To all you physicians out there, listen, I get it. You're busy practicing medicine, doing your job, your time is limited, and you can't be in two places at once. And you certainly can't look out for everything that is going on in the back office all the time. But, you...
Calling All Physician Entrepreneurs
I was reading some interesting statistics today about the practice of medicine. It used to be that doctors who graduated from medical school and finished their residencies went into private practice alone or in small groups. Nowadays, that is not the case. Hospitals...
Required Minimum Distributions – a Big Penalty for Messing Up (But Forgiveness is Possible)
For individuals who turn 70-1/2 in a year, the federal tax obligation to begin taking annual "required minimum distributions" from IRAs and other retirement accounts begins. If an individual were to turn 70-1/2 during 2018, then the first required minimum distribution...
Four Key Points to Keep in Mind when Considering Making a Transfer of Wealth to the Next Generation
By now, if you follow politics at all you've probably heard the impending "Blue Wave" that is going to sweep the nation later this year. I'm not going to comment on a possible Blue Wave, Red Wave, or any other color of wave other then the really, really big one--the...
Can You Sell a Statutory Right of Redemption?
If you are delinquent in paying your real property tax in Tennessee, and you lose your real property at a tax sale, all is not lost--you still have the right to get the property back through the statutory right of redemption. But a case decided by the Tennessee Court...
You’ve Been Offered a Physician Employment Agreement – What are the Key Provisions to Focus on in your Negotiations?
Are you a doctor just coming out of your residency and getting an offer for a job with medical group? What are some of the key provisions for the physician employment agreement? And what type of issues should you be willing (or not willing) to negotiate? Compensation....
Why You May Need to Have your Old Will Reviewed by an Estate Planning Lawyer
Do you remember when the federal estate tax was something to worry about and plan around? I do. I can remember when an estate was taxable if it was greater than $600,000. That tells you how "experienced in life" I am. Now, a husband and wife can have a joint estate of...
LLC vs. S Corporation vs. C corporation -after the Tax Cuts and Jobs Act, what is the best choice of entity for your new business?
One of the most fundamental choices that a small business owner must make is the form of entity in which the business will operate. Should it be a limited liability company (LLC) or a corporation? And there are essentially two varieties of corporation--the regular...