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I need contact information for an asset protection attorney in the St. Paul area.

If you know someone really good who isn't in Minnesota, please send them along anyway, they may be able to help.

Thanks.

A

You need to tell us more about your purposes and intentions to get some help.

Is this in a corporate context? Family? Something else. What is going on?

Thanks JHE, I have a client who is domiciled there, and is a physician who is about to embark as a traveling contract physician, working contracts in multiple states.

I have advised him to move personal assets out of his own name. I am not an expert on this, but as he is no longer protected by a major hospital group, it think it advisable that he put his house, investments, and any other major assets in a protection vehicle, be that a trust, family limited partnership, or other structure.

He needs someone familiar with setting up medical practices - corporate formation, etc. and perhaps someone with some trust/FLP experience as well. But the first thing he needs is the proper entity to practice under.

Why wouldn't he just set up a standard S corp or LLC to run his business under?

I can do the entity stuff. That's my expertise.

Patrick Butler at Larkin Hoffman did wills for us. It is a very large firm that also handled the sale of my dental practice, so they have expertise in your client’s field.

Thank you.

Sent you an email...

Replied. Thank you.

Ignorant question for the attorneys out there: What does an entity that a doctor sets up to practice under do to protect him? I would think that as the professional doing the work, if he makes an error he would be personally liable anyway? (Thus asset protection seems like a good idea.)

I only ask because as a pilot I looked at putting owned airplanes into an entity. The advice from my attorney was that that could be of value if others were flying the airplanes and had a problem, but if I was the one flying the airplane I’d still be liable as the pilot so there would be little to gain from using an entity to avoid liability as the owner. Maybe the laws are different related to medical practice?