Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast talks with Nicholas Dowgul, attorney and founder of North State Law. Nicholas talks about his journey and the lessons he learned while starting and growing his law firm. He also offers advice to healthcare practitioners who want to open their own practice, highlighting situations they should look out for.
- Nicholas learned how to run his own business from his entrepreneurial family. His father is a general contractor and engineer and his mother is a real estate agent.
- Working in entrepreneurship is nonstop so you need to learn how to manage your time.
- Nicholas founded North State Law in February 2019. He started small, sharing space with other professionals before getting his own space later that same year.
- He's focused on occupational and professional license defense.
- Know as much as you possibly can about the people you want to target, making it easier to niche down and build your client database.
- Nicholas partners with members of the North Carolina Nurses Association to share education with other nurse practitioners through blogging.
- Nicholas discusses the pros and cons of forming a PLLC versus a service-based LLC. He also talks about the importance of having a Collaborative Practice Agreement and how it should be filled out.
- Consider getting separate liability coverage from what your employer provides to cover negligence and license defense if needed. And be sure to get good policy limits.
3 KEY POINTS:
- North State Law focuses on helping licensed professionals keep and maintain their professional license whether they are nurse practitioners, attorneys, real estate agents, insurance agents, or any other licensed professional.
- Hire a lawyer because they know the ins and outs of your state, and incorporate your CPA to know the tax implications of each entity structure.
- The three major issues practitioners in North Carolina have faced include bad patient hand-offs between nurses, patient abandonment, and transportation of medication.
“Time management is my biggest lesson learned. You should make time to step away from the business a little bit.” – Nicholas Dowgul
North State Law: https://www.northstatelawfirm.com/
UNC School of Medicine's Collaborative Practice Agreement: https://www.med.unc.edu/app/wp-content/uploads/sites/767/2019/06/Collaborative-Practice-Agreement-NP_PA-FINAL-locked-version-5.23.19.doc
Nicholas Dowgul's Youtube: https://www.youtube.com/channel/UCbLJQ0na_c-r58MXdLYiC_A
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