Establishing principles for hospital-physician joint ventures.
نویسندگان
چکیده
A typical joint venture is structured as a limited liability company (LLC). Under this nontaxable structure, income passes directly through to the owners, which benefits both physicians and hospitals. For taxable owners, such as physicians, the income is not subject to “double taxation” (where earnings are taxable both to the corporation and to the individual investor). And for a nonprofit entity, such as a hospital, being a partner in an LLC strengthens its financial status because its share of the income is tax exempt.
منابع مشابه
Federal tax-exemption requirements for joint ventures between nonprofit hospital providers and for-profit entities: form over substance?
This article discusses the IRS rule on hospital joint ventures and related legal developments. The central thesis is that the IRS's emphasis on operational control is misplaced from both a legal and a policy perspective, and reflects a decidedly strong preference for the form of a joint venture's governance over the substance of its charitable and community service activities. More specifically...
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INTRODUCTION LITERATURE REVIEW AND HYPOTHESIS DEVELOPMENT HYPOTHESES DATA AND METHODS RESULTS DISCUSSION CONTACT REFERENCES TABLE 1 TABLE 2
متن کاملHospital-physician integration models: an alternative to joint ventures.
Many hospital systems, over the last several years, have tended to avoid the large scale employment of physicians or the acquisition of practices. This history resulted from many of the financial problems hospitals encountered from acquisitions and expansion in the 1990s. During that period, many systems literally bankrupted themselves due to practice acquisition and employment costs. Hospitals...
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ورودعنوان ژورنال:
- Trustee : the journal for hospital governing boards
دوره 59 2 شماره
صفحات -
تاریخ انتشار 2006