Two men failed to turn over more than $6 million in taxes collected from employees of an Arkansas hospital.
Tag: liable
It was a neighborhood like many others. Neat, but not too neat front yards. Newspapers brought in by 8:00 a.m. and maybe by 10:00 a.m. on weekends. And, all was within the bounds of normal, giving, of course, wide birth to the meaning of the word, for this is nonfiction, not fiction. But with one […]
I promised to indemnify you. Here’s a quarter. You might skip over indemnification provisions when negotiating a contract. You understand what they are. They’re just boilerplate, right? Wrong. First, boilerplate isn’t “extra stuff.” It’s the opposite. Like the strong metal plate around a boiler designed to contain it and prevent an explosion, boilerplate in an […]
It’s getting harder for hospital CEOs to stay out of jail. Or to get released. OK, in all fairness, James R. Cheek was the former CEO of Hope Medical Park Hospital in Hope, Arkansas. Cheek will be spending 3 years in federal prison, followed by 3 more years of supervised release. He won’t be lonely, […]
Many medical groups operate as partnerships, generally partnerships of professional corporations.
Many medical groups operate as partnerships, generally partnerships of professional corporations.
One complication of this type structure is that while all partners are jointly and severally liable for the debts of the partnership, some partners are reaping a much greater financial reward.