Legal Intern
Remote | Paid | Part-Time During the Academic Year or Full-Time During the Summer
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About the Role
TBD Investors is seeking a Legal Intern to support the legal and compliance work involved in acquiring, operating, and growing privately held companies.
This role offers exposure to the full range of legal matters encountered in a private equity environment, including mergers and acquisitions, corporate law, regulatory compliance, contract review, corporate governance, and portfolio-company operations.
The intern will also help with the legal work supporting our healthcare MSO roll-ups, including the relationships among management services organizations, physician-owned professional entities, and acquired practices.
What You’ll Work On
Research legal and regulatory issues affecting potential investments and portfolio companies
Assist with legal due diligence for acquisitions, add-on investments, and other strategic transactions
Review and organize letters of intent, purchase agreements, disclosure schedules, financing documents, and closing materials
Support the legal structuring and ongoing administration of healthcare MSO roll-ups
Research corporate practice of medicine, fee-splitting, physician ownership, licensing, and other state-specific healthcare requirements
Help review management services agreements, equity restriction agreements, administrative services agreements, and related MSO documents
Assist with the formation and governance of MSOs, physician-owned professional corporations, LLCs, and other legal entities
Help maintain transaction checklists, diligence trackers, corporate records, ownership information, and entity documentation
Review commercial agreements, including vendor, employment, confidentiality, consulting, licensing, billing, and professional-services contracts
Assist with board materials, written consents, resolutions, capitalization records, and corporate-governance processes
Track regulatory filings, contractual obligations, renewal dates, insurance requirements, and compliance deadlines
Help develop practical compliance policies, templates, and processes for growing portfolio companies
Work with company leadership, outside counsel, investors, physicians, and other professional advisors on active legal matters
Contribute to special projects involving employment matters, intellectual property, litigation, risk management, and corporate strategy
Who Should Apply
We welcome applications from:
Current law students
Undergraduate students pursuing pre-law, legal studies, political science, business law, finance, healthcare administration, or a related field
Recent graduates considering law school or a career in corporate law, M&A, healthcare law, compliance, or private equity
Strong candidates will have:
Excellent research, writing, and analytical skills
Strong attention to detail and organizational ability
Sound judgment and discretion when handling confidential information
An interest in corporate law, private equity, mergers and acquisitions, healthcare law, or regulatory compliance
The ability to work independently in a fast-moving, entrepreneurial environment
A practical mindset and an interest in understanding how legal decisions affect businesses
Prior experience in a law firm, corporate legal department, investment firm, healthcare organization, or regulated industry is helpful but not required.
What You’ll Gain
This is an opportunity to see how legal work supports real investment decisions and operating companies. You will gain hands-on exposure to the legal lifecycle of a private equity investment, from initial diligence and acquisition through governance, compliance, growth, and eventual exit.
You will also develop a practical understanding of healthcare MSO structures and the legal considerations involved in acquiring and operating physician practices across multiple states.
About TBD Investors
TBD Investors is a family-backed investment firm that invests its own capital in exceptional entrepreneurs and privately held businesses. We partner with leaders acquiring and building companies across healthcare, business services, and essential-service industries.
Our approach is entrepreneurial, long-term, and highly engaged. We believe the most valuable legal work does more than identify risk: it helps businesses make better decisions and grow responsibly.
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