Buying or selling a practice is one of the most important decisions you’ll make throughout your career. Educate yourself on the process with the help of this must-have resource for anyone in this situation.

Whether you are an owner offering to sell part of a practice to an associate or the associate looking to buy into a practice, this book will answer your most important questions. Financial aspects, the pros and cons of partial ownership, tax-related topics, and the long-term implications of a buy-in are all discussed. Using case studies and tables, the book analyzes different ways of structuring a buy-in, as well as the advantages and disadvantages of each buy-in method.

New to this edition:

• Expansion of issues for owners and associates to consider before a buy-in
• A new chapter on financial concepts for owners and associates
• More information on setting a price
• Appendices on "Checklist for Associate Buy-Ins" and "Top Ten Ways to Screw Up a Buy-In"

 

Softcover, AAHA Press

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Lorraine Monheiser List, CPA, CVA, is a nationally recognized consultant and speaker on financial topics and practice management. She is the author of seven books on practice transitions and compensation models. In 2013 she received the Distinguished Life Member Award from VetPartners, the association for veterinary consultants.