Educational information: Requirements can change and may vary by pharmacy type, ownership, service, payer, and jurisdiction. Confirm current requirements with official agencies and qualified professionals.
Choose an appropriate entity
Work with qualified legal and tax professionals to determine the entity structure appropriate for the pharmacy, its owners, state professional rules, liability, taxation, and future plans.
Organize ownership records
Maintain formation documents, ownership percentages, governing documents, EIN records, banking information, insurance, and disclosures needed for licensing and credentialing.
Keep records consistent
Names, ownership information, addresses, tax IDs, and responsible-party information should be reviewed for consistency before they are submitted across agencies and payers.