When buying or Selling a Medical Practice, Home Healthcare Agency or any other type of Medical / Healthcare Business, you should always consult with a CPA and a Healthcare Attorney to determine which type of entity to set up prior to your acquisition. When selling you are going to want to know how your current C-Corp, S-Corp, Partnership or Schedule "C" business will be taxed when you sell. Remember, it's not how much you make when you sell but more importantly, how much you keep.
Below is some basic info on Structure Types you can discuss with your CPA.
C-Corp, S-Corp, Partnership or Schedule "C"
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Business structure
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Ownership
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Liability
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Taxes
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Sole proprietorship
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One person
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Unlimited personal liability
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Personal tax only
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Partnerships
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Two or more people
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Unlimited personal liability unless structured as a limited partnership
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Self-employment tax (except for limited partners)
Personal tax
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Limited liability company (LLC)
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One or more people
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Owners maybe not personally liable
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Self-employment tax
Personal tax or corporate tax
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Corporation - C corp
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One or more people
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Owners maybe not personally liable
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Corporate tax
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Corporation - S corp
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One or more people, but no more than 100, and all must be U.S. citizens
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Owners maybe not personally liable
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Personal tax
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Corporation - B corp
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One or more people
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Owners maybe not personally liable
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Corporate tax
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Corporation - Nonprofit
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One or more people
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Owners maybe not personally liable
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Tax-exempt, but corporate profits can't be distributed
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