Many states now allow groups of doctors in practice together to form a particular legal entity allowed by statute called:

Question

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A professional corporation is the legal entity allowed by statute for groups of doctors in practice together. This entity provides limited liability protection and tax advantages for its members. Limited liability companies (A) and limited partnerships (D) do provide limited liability protection, but they may not be specifically allowed for professional practices in all states. Cooperatives (B) and physician associations (E) are not typically considered legal entities, but rather organizational structures or cooperative arrangements for healthcare providers.

Many States Now Allow Groups of Doctors in Practice Together