I am a 1st year chiropractic student, and want to begin early on planning out my practice. Does anyone have a STEP-BY-STEP outline of everything I need to get done to open up a partnership or sole-proprietorship chiropractic (or medical – as the steps will likely be close) practice?
Also, can I have a sole proprietorship with two people, or would that legally require a partnership?
Thanks for your help!
Picking the right location
Selecting your advisory team
What is this going to cost?
Will Latham suggests the following budget categories:
capital expenditures for leasehold improvements, furnishing, and equipment
staffing
rent
utilities
clinical supplies
office supplies
business insurance
malpractice premiums
meetings/professional dues
advisers’ fees
11 to 12 months before opening
Check off as completed
Decide on a practice location
Select a practice management consultant
Select an attorney
Select an accountant
Develop a start-up budget
Check the deadline for submitting Yellow Pages advertisements
Decide on a business structure
Partnership: Putting it in writing
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