The significant growth in group practices over the past six years has underscored the necessity for sound inter-partner agreements. We’ve recently explored other group practice issues including how to allocate profits, maximize tax avoidance, and handle practice real estate matters. This month, we discuss group practice buy/sell agreements.*
While the recent growth in group practices has triggered a surge in buy-in arrangements, many practices have neglected to address the flipside - what happens when a doctor leaves the practice due to death, disability, voluntary retirement, or termination of employment.
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Transitions | Buying/Selling and Mergers
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