Two emails came across my desk yesterday, each with part 1 of a 5-part series that I thought you’d find valuable as you look to ways to form, and succeed at, your entrepreneurial physician venture or medical practice.

The first is article 1, “Forming a Sole Proprietorship” in a 5-weekly series from the Wall Street Journal Online on what the best legal entity is for your new company and business, whether you’re starting a business from home or opening a large-scale operation.

In their words:

Don’t underestimate the importance of your choice, as the legal entity you choose will affect how much personal liability you face, how much you pay in taxes and how in- depth your new company’s record keeping will need to be. Your business structure can take one of five basic forms: the sole proprietorship, the partnership, the regular or C corporation, the S corporation, and the increasingly popular limited liability company or LLC. (bolding mine)

I shall try to keep track of the 4 future episodes to bring them to you.

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The second email was from Mitch Meyerson who I follow religiously. It’s titled “Success Roadblock #1: Understanding Your Craft, But Not Your Business”  from his 5-part series Breaking Through Roadblocks To Business Success. You can subscribe to his excellent blog to get the rest of the series. He is the author of one of the highly recommended books on my list — “Mastering Online Marketing”.

I love one of his success tips (it’s one I keep having to work on!)

Play to your strengths, passions and skills. Do what you do best and let others help you.  Build a team of people – employees, consultants, strategic partners, and the like – who are more skilled that you in key areas