WHAT OPTIONS DO DOCTORS HAVE TO RUN A BUSINESS IN ROMANIA?

Bunescu Liliana and Damian Evelina Ioana
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Bunescu Liliana: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA
Damian Evelina Ioana: LUCIAN BLAGA UNIVERSITY OF SIBIU, ROMANIA

Annals - Economy Series, 2025, vol. 4, 109-120

Abstract: This paper analyzes the impact that each legal form of doing business in Romania has on a doctor activity. The paper contains a comparative analysis of the possibilities for a medical graduate to run a business. The objectives are formulated around key questions aiming to highlight the differences and the impact of each legal form: costs, taxes, accounting, employment opportunities, management flexibility, benefits for the owner etc. All these aspects play an essential role in making the decision to turn a business in the medical field into reality. The paper refers to an example of a real business, medical practice in a rural area specialized in family medicine. From the comparative analysis of administrative costs, it is observed that liberal professions have lower tax obligations and simplified accounting. limited liability companies have a stricter tax regime, advantages in terms of tax optimization, and control over revenues. Even though a liberal profession ensures greater autonomy and offers the possibility of a direct relationship with clients, a limited liability company provides a much more credible image and greater opportunities for business development. Considering the frequent changes in the legislative framework in Romania the results obtained cannot be applied in the long term.

Keywords: self-employed business; limited liability company; medical practice (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:4:p:109-120

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