Forum Replies Created
More to it. Yes you need a corporate shell of some type.
• protection of ownership interest when/if more funding needed.
• governance/change of control
You may think you are “passive”, but ownership alone has legal responsibilities. I mention that to an extent an angel investor typically is more involved at least bringing connections, expertise, setting/approving/reviewing the ventures progress.Click to expand…
For the OP, your liability as an angel investor is substantially based on whether it is a limited liability business entity or not, whether you have any personal involvement in the entity such as being a director and whether you sign any personal guarantees. Corporations and LLCs are limited liability business entities, but partnerships are not and can have unlimited liability. Totally passive investors of limited liability entities are generally protected from the liabilities of such entities.
However, there are no guarantees of anything in life. There have been rare instances of piercing the corporate veil. This usually involves significant investors with significant knowledge and/or control of the entity’s actions.Click to expand…
Thank you both for your responses. The start-up is structured as a corporation based out of Delaware. I will be providing informal input but will not be a director or officer. Do either of you have any recommended resources you could share with me?
OP: Very reasonable asset allocation, but I’m biased since I’m 40% US, 40% Int’l, 20% Bond. Roth accounts are great places to park risky/high return assets so do NOT park your bond allocation there (the caveat being by doing so you are “tilting” your portfolio slightly more towards stocks since Roth assets will not be taxed again).
Can you separate the two—cut back a little at this job to continue pt care (if you still enjoy it), and then direct your energies/interests (and now extra time) towards an unrelated endeavor more in programmatic development, etc?August 24, 2019 at 12:27 pm MST in reply to: Considering a change to Pharma for career satisfaction #241346
That unique feature is him continuing to work. You don’t have to take RMDs from a current 401k as long as you are still working. If he has old trad IRAs/401ks then he should roll them into his current 401k to avoid RMDs on those as well. Before doing this, make sure current 401k has good investment options and low fees.
My employer has done a great job with MAWV visits. We treat them as the annual physical and split bill 95%+ by addressing their concerns and doing comprehensive exam all within a single note template and solid order set. MAs do all the screening questionnaires and we just do a “physical” and get the extra 1.5 RVUs.
Our pts are now accustomed to it and if they complain we simply state we can split it up into two visits in the future if you’d like. They seem to like the convenience and value of the combined visit.
It was even sweeter earlier this year when many Medicare Advantage plans allowed triple billing: AWV, preventative, and E3/4 for other concerns. That was admittedly challenging to get enough components to satisfy all three but was doable. Those plans realized they were paying more for the same services so stopped after a few months.
Got my spot! Sadly cannot make preconference shenanigans but excited to see familiar faces and meet new ones!July 8, 2019 at 9:05 pm MST in reply to: Who's Going to the White Coat Investor Conference? #228904
This sounds like a non compete clause in sheep’s clothingClick to expand…
Bingo. I’ve most commonly seen 3 months’ notice and occasionally 6 months’ notice but anything more is over the top. How about you work in that if you leave for cause then they have to pay you $60k?
Our family is planning on it. I’m ready to purchase at 6 pm Central time on Monday. We have little kids and like an adventure. Beforehand, we are thinking Death Valley instead of Zions. Better choice for March. I prefer 80s/50s to 50s/30s. It also seems about equidistant.
Regardless, looks like plenty of Teslas on Turo in Vegas. We have paid off toyotas. and I figure this conference is our chance to drive my dream car.Click to expand…
FYI: 7pm MST is 8pm CST
If I can secure a spot I’m there—had too much fun at WCICON 2018 not to go again! @vagabondmd devastated to hear you’re not going 🙁
My employer recently instituted a nurse triage line. It has decreased the calls we get. My clinic’s group is similar size with similar call schedule to OP’s but part of a much larger organization. I can say it’s nice but at the same time we’ve lost RN support in the clinic. I’d much rather have an RN every day at work which helps get me home faster daily than cutting the number of calls down a little for my home call.
I believe my employer billed it as a provider satisfier as well as patient satisfier as a wider pool of RNs get back to pages or answer a phone faster than we can. Really, I think we were the only large organization without such coverage so we were playing catch-up. I’d take the angle of helping docs, helping pts with less wait time, etc etc.
The staffing shortage is independent of the CDS administrative task, which will fall upon the radiologist to complete. At some point, I expect that it will be automated, but I do not see that happening out of the gate.
Good questions!Click to expand…
From your link:
- “No rendering provider can receive Medicare payment for an ADIS if the referring provider does not attach a HCPCS/G-codes and modifiers to the referral
- All radiology providers may refuse Medicare referrals without this documentation, with few exceptions as outlined above
- Imaging providers cannot perform AUC administrative duties for referrers (as with prior authorization)
- Ordering providers cannot shift the AUC requirement to radiologists”
Looks like their intent is that this responsibility falls on those ordering the tests and not the radiologists. Who knows after the dust settles and there will be lots of unsettled dust. I guess radiology staff can refuse to schedule an imaging test until they have the necessary CDS documentation? This just sounds awful. You can see how someone thought that this idea could help save costs. Unfortunately, as someone above mentioned, this would prompt me as a PCP to refer to a specialist to determine necessity and appropriateness of advanced imaging that falls under this purview. That will only add another layer of costs AND make doctors more miserable. Lose-Lose. Sigh.
35/38 as well. Annuity questions be damned.
The fact that you day that means your not ready…..
– Arrested Development quipClick to expand…
”I have poppop in the attic.“
Love that show.
I agree with Stag and saildawg that they are using one excuse to rip you off in 2-3 ways instead of just excluding that one thing OR charging higher overall and covering it.
Saw a pt of mine recently who’s a group life insurance actuary and I lamented that his company probably has better health data than the medical system and how I’d love to use that data for patients on an individual and population level. He shrugged and agreed that their data is better and that we’d (medical system) would never see it since they’ve personally invested so much in developing their database. He didn’t have much of a reply when I said sure but your doctors having that data could help you and everyone in your company too.
I kept a spreadsheet to spot check every once in a while but then we rolled out a dashboard in Epic where you can see your # visits, RVUs, and other similar data on an ongoing basis. It’s been accurate albeit delayed 1-2 days but that’s not surprising. I find it very helpful.
That is the danger of timing any kind of activity near the cutoff (including submitting paperwork to set up a solo-k). However, given that Fido states the contribution was received before the eoy, I would at least attempt to take your issue up the chain of command to see if you can persuade someone there who would be willing to change the date on the confirmation letter. It is a minor journal entry on their end and I am guessing they are far from closing out the books for 2018.
If you cannot get satisfaction then, yes, you’ll need to amend your 2018 income tax return and hope you’re in an even higher tax bracket in 2019.Click to expand…
Talked with Fidelity. They said the date that matters it the date “received” and as long as that occurred in 2018 then it counts as a charitable contribution for IRS purposes. Their settlement date is simply processing the contribution and investing it per my allocation. Their confirmation letter does state both dates, so that is reassuring. Glad I don’t have to deal with an amended return and sending the IRS a check.