Starting a Medical Billing Business > Starting Your Own Medical Billing Business

Starting a new business

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voquendo6167:
Hi, Im very interested in starting my business from scratch. How important is it to hire a lawyer and an accountant before anything?

PMRNC:
A lot of business startups don't go directly to an attorney or accountant, you can begin by registering your business, put together your business plan, marketing plan, etc. The lawyer will be needed to review any contracts you will need as well as any other legal business issues for your state.

voquendo6167:
Great, Thank you!

voquendo6167:
Hey Linda,
Im also looking into sole proprietor instead of LLC.  As I mentioned earlier, I'm starting from scratch, so I will not have employees or partner.
Any advice?

Thank you in advance!

Vanessa

PMRNC:
Sole proprietor is a better way to start. Later on you can decide to go LLC. It will also save you on E/O insurance. For some reason E/O carriers charge more for the corp's than they do the sole proprietor.  I went LLC only so I could put my billing business as a division of my LLC that saved me a lot of trouble, but I still pay more in taxes and such.

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