I'm in my 3rd year of family medicine residency and have started interviewing for 2007 positions. I would like to hear from some of the senior members how they feel about employed versus private practice positions. In my neck of the woods (Toledo, Ohio), most of the docs are employed. While this seems nice, most of the base salaries are 120k. I've recently interviewed in a smaller town south of here where they are building a brand new office building and recruiting 2 new FPs. I have the option of being employed, going completely on my own with a private practice, or going into private practice and allowing the hospital to do my billing and help with some aspects of practice management (both of the latter options include an income guarantee for the 1st 2 years and help with expenses). As a new grad, it is really scary to think about starting my own practice from scratch and being employed sounds nice. The salary isn't bad at 145k with a 5k sign on bonus, 4 weeks vacation, 1 week CME (3k for CME), etc. Just curious what the veterans out there think.