Legal Question in Legal Malpractice in New York
malpractice liability
I am a surgeon who want to open up my own practice. Do I need to have p.c. to protect my legal liability? i am planning to have $6 mil. liability ins. What if I practice under proprietorship? Would my liability go up? If I have p.c., I won't get sue personally?
1 Answer from Attorneys
Re: malpractice liability
The fact is that it's highly likely that a malpractice litigant will sue both you and the P.C. - it's the same for both doctors and lawyers - but that's not a reason to avoid the P.C., which can have important tax advantages. I practice through a P.C. for those tax reasons, recognizing that the P.C. will not be a terribly effective shield if I'm ever sued.
There are other strategies available to protect important assets. I (and many other attorneys, no doubt) would be happy to discuss some of these with you.
Feel free to get in touch, either via e-mail or by phone. We should discuss not just the corporate formalities, but the malpractice policy and its limits as well.
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