Financing for Medical Practices and Small Businesses

By Michael D. Brofman, Esq. Business financing is commonplace in today’s economy in order to provide steady cash flow.  Most standard business financing is asset based; meaning that it is based upon advancing money up to a percentage of the accounts receivable that are deemed by the lender to be “eligible” (usually meaning not over […]

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Understanding Family Leave Benefits in New York

Mathew J. Levy, Esq. Stacey Lipitz Marder, Esq. Weiss Zarett Brofman Sonnenklar & Levy, P.C. A decision many employers grapple with concerns the benefits, such as paid leave or job security, offered  to expectant mothers and others who need to take time off to care for newborns and sick family members. Offering paid maternity, paternity […]

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The Impact of the Bipartisan Budget Act of 2018 on Telehealth, Stark Law, Anti-Kickback Statute and Civil Monetary Penalties

Weiss Zarett Brofman Sonnenklar & Levy, PC On February 9, 2018, President Trump signed into law the Bipartisan Budget Act of 2018 (the “Budget Act”). The Budget Act extended and modified numerous health care programs, including Children’s Health Insurance Program (“CHIP”), the CHRONIC Care Act and the Medicare Part B Improvement Act. This Alert highlights […]

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Know Who You’re Doing Business With! Innocent Vendor Found Liable Alongside Corporate Cheat for Hundreds of Thousands of Dollars in Fraudulent Conveyance Claim

By Michael D Brofman, Esq. & Jessica Kumar, Weiss Zarett Brofman Sonnenklar & Levy, P.C It is not particularly surprising that some individuals will engage in the questionable and risky practice of paying for personal items by using their business/corporate accounts and credit cards. The classic example is a corporate officer who uses his business credit card to take his friends or family out for […]

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Tax Reform and Physician Consolidation

Tax Reform Likely to Cause Short-Term Continuation of Physician Practice Consolidation, As Well as Increased Uncertainty with Respect to Future Physician Practice Structures. By Alan Sonnenklar, Esq. & Stacey Marder, Esq., Weiss Zarett Brofman Sonnenklar & Levy, P.C. The Tax Cuts and Jobs Act, the recently enacted tax reform law, contains provisions that, while not widely […]

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Employment Termination in the Absence of Professional Review Did Not Merit Report to National Practitioner Data Bank

By David A. Zarett, Esq. & Seth A. Nadel, Esq.Email David Email Seth Published in the American Bar Association November 2017 Newsletter. The National Practitioner Data Bank (“NPDB”) was created by Congress to serve as a repository of information regarding adverse actions taken against medical professionals. Brought about with the stated goal of increasing the […]

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Understanding the Process of Selling a Medical Practice

By Mathew J. Levy, Esq. & Stacey Lipitz Marder, Esq. Email Mathew Email Stacey There are many reasons physicians make the choice to sell their practice.  Increasingly, physicians are making the choice to sell their practice to a large group or hospital and entering into employment agreements with the particular purchaser, perhaps seeking a change […]

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Understanding General Business Lease Agreements

By: Mathew J. Levy, Esq. & Stacey Lipitz Marder, Esq. Email the Author Overview: When evaluating a business, the lease is often considered one of the most important assets as location is crucial to the success of a business, and the lease is often one of the largest expenses.  While a favorable lease can certainly increase […]

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Understanding Physician Lease Agreements

By: Mathew J. Levy, Esq. & Stacey Lipitz Marder, Esq.Email the Author Overview: When evaluating a medical practice, the lease is often considered one of the most important assets as location is crucial to the success of a practice, and the lease is often one of the largest expenses.  While a favorable lease can certainly […]

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Understanding General Business Employee Manuals

By Mathew J. Levy, Esq. & Stacey Lipitz Marder, Esq.Email Mathew Email Stacey OVERVIEW:Employees often play a critical role in the success of a business.  Although employees can often be an asset, they can also often be a liability.  As the owner of your business, you are ultimately responsible for the actions of your employees.  […]

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Understanding The Process Of Starting A Chiropractic Practice

By Mathew J. Levy, Esq. & Stacey Lipitz Marder, Esq.Email MathewEmail Stacey Introduction: For many chiropractors, the idea of opening a chiropractic practice is very appealing.  The chiropractor can be his/her own boss, control his/her hours and vacation time, make his/her own decisions regarding patient care, as well as control the business operations of the practice.  However, […]

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Understanding Partnerships, Limited Liability Companies & Corporations

By: Mathew J. Levy, Esq.Email the Author Opening a practice or embarking upon a new business venture can be an exciting and anxiety provoking experience.  Often professionals spend too little time considering what business structure would maximize their profit and minimize their exposure to liability.  Partnerships, limited liability companies and corporations are three of the […]

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Understanding Asset Protection and Family Limited Partnerships

By: Mathew J. Levy, Esq. The assets of physicians have always been at risk to predators and this disastrous trend has recently been confirmed.  In a recent survey, 600 practicing physicians and surgeons nationwide were queried on their asset protection practices.  The survey found that approximately twenty percent of the nation’s physicians have either lost […]

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