[PrvPracNP] Question about forming a corporation

[GIN11153 at aol.com]

Since I probably won't finish either my NP or midwifery programs for over a  
year, but desperately need to earn money and have an outlet for my clinicals 
for  my schooling, I have decided to go ahead and open an OB/GYN clinic with a 
doctor  I know. 
 
Originally, he was just going to be my medical director, but today, the  
attorney I got through PrePaid Legal (he's wonderful) told me that the best way  
to do this in the state of California, would be to form a medical corporation  
with the doctor and I as employees for protection of ourselves. I being an RN, 
 can only be a 49% shareholder and the doc has the other 51%. Have any of you 
 done this? 
 
I have an office lined up-they are giving me 2 free months and early access  
to move in to start decorating. It's a large office, 1660 sq. feet for $2975 a 
 month( about $1.75 a sq. foot). I had proposed a year at $1.50 a sq. foot to 
 help me get started but the agent says that the landlord's offer is actually 
 $250 cheaper. Hmm. They are desperate for me to sign the lease as the office 
has  been vacant for a while. 
 
Only a few spots on the rug that I can shampoo myself and some minimal  other 
work. While it's a lot of rent money, I and my biller friend who will be  my 
office manager decided that in the long run, it's better to pay a little more  
for a turn key office that I can stay in long term, rather than have to do 
major  renovations like running plumbing lines for sinks and have to move to a 
larger  office in 2 years. My biller, who does the billing for the same doc for 
his  other 2 offices says that I will earn money in my first month with good  
marketing, as it's right in the middle of an underserved Hispanic MediCal   
community-just what I wanted!
 
My husband, who's a general surgeon, isn't being very supportive as he says  
that starting a medical office will be more headaches and hard work than it'll 
 be worth, but it has always been my dream. If it doesn't work out, at least 
I  tried, but considering I owned a mother-baby home visit business that took 
in  over $400,000, I know in my heart that I can be successful at this also.
 
I think I picked my clinic name-Orange County Maternity Center and got a  
logo for $28 on ebay but I might shorten it to OC Maternity Center or SoCal  
Maternity center.
 
Any hints on office leases, etc.accepted please!  

Gail Neuman  RNC CPHW SNP LNC
student nurse practitioner and student midwife
listowner  of LegalNurseConsulting at yahoogroups.com
certified high risk OB/legal nurse  consultant
Perinatal Nurse Associates
Notary Public/Certified Loan Signing  Agent
Tustin, CA

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