Detail-Oriented Business Formation Services

Get your business up and running smoothly with extensive business planning services from Physician Resource Services.

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Schedule A Consult

The PRS team is equipped with the tools you need to improve your financial standing. Request a meeting with one of our advisors.

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Who We Help

Whether you’re transitioning from resident to practice or preparing for retirement, PRS is ready to assist you.

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PRS is dedicated to promoting the health, wellness, and education of physicians around the country. Explore our in-depth resource catalog.

Business Formation Services for Physicians

Building a medical practice from the ground up is a significant undertaking. Navigating the process of structuring your new business correctly, especially while eager to start helping patients, can be overwhelming.

Physician’s Resource Services offers essential business formation services to help you establish a solid foundation for your practice. We handle the necessary administrative tasks to ensure your practice is set up legally and ready for growth, with a focus on creating tax-efficient structures.

Our business formation services include:

  • Creating your EIN (Employer Identification Number)
  • Forming your PLLC (Professional Limited Liability Company)
  • Drafting your operating agreement

These steps certify that your practice is legally compliant and properly positioned to move forward.

We Handle Legal Documentation

Physicians are busy even when they’re not dealing with the stress of starting a new practice. PRS helps you start your LLC, sole proprietorship, or small business by managing all business formation paperwork. Our professionals have years of experience and can make sure you have all the necessary licenses. We personalize our LLC formation services so you can provide care with confidence.

Detail-Oriented Business Formation Services

Receive Financial Guidance From Someone Who Understands Your Challenges

 Staying on top of your monetary obligations while providing care to patients can be stressful. PRS supports doctors with the consultative services they need to simplify their financial situation and pursue their long-term goals.

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How We Simplify Filing Taxes for New Businesses

Tax time can mean a lot for a new business. Filing your returns accurately and on time is essential to maximize your business tax refund and keep your organization running smoothly. PRS is familiar with the fine details of tax filing and can assist new businesses with the process. Our keen attention to detail ensures your taxes are dealt with according to your structure.

When you work with PRS tax professionals, we learn any local rules that may impact your process. Our team understands the unique challenges physicians and practices face when pursuing a tax refund. We leverage our experience to help you deduct expenses and claim credits, maximizing your tax profile and making your first-time filing experience as straightforward as possible.

  • Careful Review of Tax Return Documents

    Our specialists understand business tax return documents and pay special attention to their completion. We make sure you answer every question and provide all the information needed to receive your return on time. Our staff helps you categorize your income and expenses and review the accuracy of your records, including balance sheets and more.

  • Preparation for Self-Employment Tax

    Sole proprietors must account for self-employment tax, which may come as a surprise for some. PRS helps physicians calculate self-employment tax amounts as part of their total estimated taxes. We monitor and forecast cash flow to ensure the funds needed for quarterly payments are available. With our financial planning strategies, you avoid any Tax Day surprises.

  • Selection of the Appropriate Accounting Basis

    New businesses must decide whether to prepare tax returns on a cash or accrual basis. Accrual-based income is recognized when the expenses are incurred. Cash-based income is acknowledged when the expenses are paid. PRS reviews your structure to determine which method is best for your organization and supports you with the relevant resources.

Schedule A Consult

Make your first tax year a successful one. Physician’s Resource Services is your source for high-quality business formation services.

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Who We Help

You don’t need to build a practice all on your own. Physician’s Resource Services helps practitioners of any experience level with new business formation.

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