Discussion:
On January 3, 2007, Dr. Rosa Smith established First Opinion, a medical practice organized as a professional corporation. The following conversation occurred the following August between Dr. Smith and a former medical school classmate,
Dr. Brett Wommack, at an American Medical Association convention in Nassau.
Dr. Wommack: Rosa, good to see you again. Why didn't you call when you were in Las Vegas? We could have had dinner together.
Dr. Smith: Actually, I never made it to Las Vegas this year. My husband and kids went up to our Lake Tahoe condo twice, but I got stuck in New York. I opened a new consulting practice this January and haven't had any time for myself since.
Dr. Wommack: I heard about it . . . First . . . something . . . right?
Dr. Smith: Yes, First Opinion. My husband chose the name.
Dr. Wommack: I've thought about doing something like that. Are you making any money? I mean, is it worth your time?
Dr. Smith: You wouldn't believe it. I started by opening a bank account with $60,000, and my July bank statement has a balance of $240,000. Not bad for seven months-all pure profit.
Dr. Wommack: Maybe I'll try it in Las Vegas. Let's have breakfast together tomorrow and you can fill me in on the details.