6. What are other considerations for forming a Virtual Group? It is possible that a Virtual Group may have professional liability under state law, which varies from state-to-state. For example, a Virtual Group may be treated as a partnership and the partners would be jointly and separately liable. Additionally, federal and state tax, pension plans rules, and related issues may be implicated by the formation of a Virtual Group, and you may want to consider seeking legal counsel prior to forming or joining a Virtual Group. When determining whether to join or form a Virtual Group, it is recommended that you carefully evaluate both strengths and weaknesses potential partnerships could bring before committing to reporting at the Virtual Group level. Pages MIPS Virtual Groups1. What is virtual group reporting?2. How do I report my data as part of a Virtual Group?3. What are the Virtual Group reporting requirements?4. How is scoring determined under a Virtual Group?5. What are some benefits to joining or forming a Virtual Group?6. What are other considerations for forming a Virtual Group?7. How do I form a Virtual Group? Comments are closed.
