Feb 21, 2023 | Blog, Buying/Selling a Practice, General, Law, Partnership/Operating Agreements
As we start the new year, many businesses and individuals are taking a step back and strategizing on what they want to accomplish for the upcoming year. Some may be considering changing jobs. Others may be planning to start a new practice. Whatever your next move is,...
Jul 27, 2022 | Blog, Buying/Selling a Practice, General, Law, Medical Practices
Fee splitting is defined as payment by a specialist to a third-party who referred a patient to that specialist. An easy example of this would be if I referred a friend of mine to my doctor and that doctor paid me as a way of saying thanks for that referral. The...
Jan 2, 2020 | Blog, Buying/Selling a Practice, General, Real Estate
Many times when a practitioner purchases a practice, they are not just purchasing the goodwill and equipment — they may also be taking over the commercial lease. Staying in the same space is often advantageous because it makes it easier for patients to continue their...
Feb 27, 2019 | Blog, Buying/Selling a Practice, Law, Medical Practices
Practitioners who are ready for the next phase of their career — or eager to hit the ground running — may consider purchasing an existing practice. If you are weighing that option, here are some questions and negotiable points to consider: Purchase Price: The selling...
Feb 27, 2018 | Buying/Selling a Practice, General, Medical Practices, Partnership/Operating Agreements
In New York State, professionals who are licensed through the Department of Education can structure their businesses in two ways: as a professional corporation (PC) or a professional limited liability company (PLLC). Under New York Law, both structures provide...
Dec 20, 2017 | Buying/Selling a Practice, Dental Practices, General, Medical Practices, Partnership/Operating Agreements, Real Estate
For physicians, dentists, and all healthcare practitioners, as 2017 comes to a close, it is time to think about the goals for your practice moving forward into 2018. Are you looking to take on new employees? Are you looking to expand your practice? Are you looking to...
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