Dentists, like other highly educated, intelligent professionals, often believe they can negotiate important legal documents, such as office leases, without any assistance from an attorney. The reasoning, I think, is that legal documents are written in English, so any smart, well-educated person who reads that document carefully can understand it. Unfortunately, there are many traps for the unwary in this approach. The purpose of this article is not to tell you this, in general terms (since I am sure you have heard it, many times, before), but, instead, to give you a few, real-life examples, to show you just how risky, and costly, this approach can be.
Many dental practices are organized as service corporations. But what, exactly, is a service corporation, and what legal requirements apply to it? The following article provides answers to some frequently asked questions.
What is a service corporation?
In Wisconsin, a service corporation is a special type of corporation created for the purpose of carrying on a calling, trade or profession, such as dentistry, for which a license, certificate or registration is required.