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Corporate asset protection: Shielding your practice from lawsuits, threats

from By David B. Mandell, JD, MBA, and Jason M. O'Dell, MS, CWM

Given today’s litigious society, where successful podiatric practices are lawsuit targets from competitors, the government, clients, patients and even employees, implementing a business protection plan is crucial. Unfortunately, most podiatrists and practices are not well protected and leave key assets, cash flows and even the owner’s interest in the business exposed. In this article, the first of two parts, we will explain common pitfalls and suggest tactics for better protecting all aspects of the business or practice. more

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