How do Stark laws affect your health care coverage?

Stark laws include three separate provisions that govern physician self-referral. These three provisions were passed over time and parts of each are still in place today. 

Physician self-referral occurs when physicians refer patients to medical facilities where they have a financial interest. For instance, if a knee surgeon refers a patient to a facility where the knee surgeon is a part owner, then this would be a case of phsyician self-referral. 

Physician self-referral is not outlawed in all cases. However, it is highly restricted for Medicare and Medicaid patients according to Stark laws. Many opponents of these laws believe that they interfere harmfully with the medical practice.

If you or anyone you know has questions about Stark laws, contact the Des Moines health care attorneys of LaMarca Law Group, P.C., at (877) 327-2600.  

Which entity type is right for your company?

When an invididual or group of people decide to form a business, they often must choose an entity type. On the general level, the people starting the business will either decide to form a partnership or corporation.

If they choose a partnership, then they have the advantage of being a pass-through entity, which means that income taxes pass through to the personal level. However, depending on the type of partnership, some of the partners may be liable for debt obligations. 

If they choose a corporation, then they will all have the benefit of limited liability. However, their business activities will likely be taxed twice, once on the corporation level and once on the individual level for dividend receipts. 

If your business is having trouble deciding an entity type, contact the Iowa business formation lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

The issues surrounding a business liquidation

When businesses begin to wind down, they must make many important decisions regarding liquidation. The liquidation process can often be complicated and lengthy given the financial, accounting, and legal issues that must be resolved.

For instance, when a company liquidates, it may need to pay a certain tax amount that depends on the business entity type. While sole proprietorships typically pay little to no taxes upon liquidation, corporations will often face numerous taxes. 

If your business is considering liquidation, contact the Iowa liquidation lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

What is the CFTC?

The CFTC is the Commodity Futures Trading Commission. It was established in 1974 to act as a regulatory agency over futures contracts. 

The role of the CFTC is to detect and prevent fraud in the futures trading market. By serving this role, the CFTC enables market users, such as investors and creditors, to trade securities in a competitve futures market. 

If your company is involved in the commodity futures trading, contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600. 

The ins and outs of issuing convertible debt

In order to raise capital, companies often issue debt instruments known as convertible bonds. These types of bonds are different from typical bonds because the bondholder can convert the bonds into stocks according to the bond terms.

The terms are set when the bonds are issued. They will usually detail when and at what price the bond can be converted. Because these bonds include a beneficial provision to bondholders, they are often sold at a premium.

Bondholders will typically not convert the bonds unless the market price for the stock rises above the conversion price. When this occurs, the bondholders can trade in the bonds for stocks and potentially sell the stocks for a profit.

If you or anyone you know has questions about the legal aspects of issuing debt, contact the Des Moines business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.

Business owners’ options for collecting debts

When customers fail to repay debts, business owners have a number of options to collect this debt. Some of these options can be handled outside of court while others require a judge’s involvement.

Business owners who regularly offer credit to customers typically apply two strategies before going to court. One, they will contact the customers and demand debt repayments. If the customer refuses, business owners can hand the collection over to a debt collection agency.

If the two non-court strategies fail, then the business owner can initiate a reply-in or attachment action through the court. If these options do not work, then business owners typically will file a lawsuit, which could be expensive for both the creditor and debtor.

If you are a business owner and are seeking legal remedies for collecting debts, contact the Iowa business lawyers of LaMarca Law Group, P.C., at (877) 327-2600.


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