Starting a diagnostic centre

[drsadinaik]

Myself and my husband are both radiologists and we plan to start a diagnostic centre with USG, X-Ray, CT & MRI along with a. Pathology lab. A distant relative is ready to invest in this business with both money to buy equipments and also provide a space for the centre.

My question here is since we will be running the whole business and starting everything from the beginning how do we go ahead with the revenue sharing. Should we take a fixed salary with incentives or share the profits? Do we make this a Private Ltd or partnership firm?

[turboguy]

My suggestion would be to take a fixed salary and split the profits above that salary three ways. I would suggest an LLC as a business form since a partnership would leave you vulnerable to losing your personal assets should there ever be a lawsuit.