Beyond the Successful Veterinary Practice Succession Planning & Other Legal Issues

9780813812090

0813812097

Practitioner and national consultant Thomas Catanzaro knows that planning for the future today takes the fear out of meeting it tomorrow. In the same practical, easy-to-understand approach of this Building the Successful Veterinary Practice series, Catanzaro guides readers through the process of succession planning. From developing a better leadership structure to understanding the fiscal and legal aspects of a sale transaction, Catanzaro teaches the practice owner how to exit the practice at the time of his or her choosing and to maximize the after-tax profits from the sale. Some of the topics the author explores: Understanding the forces of change Calculating the practice's value Assessing risks and demographic demands Compensating team members Preparing for the sale Creating a market Choosing a transaction structure Selecting a legal structure Negotiating transaction contracts Entering into a solo group practice or practice affiliation Planning for an associate buy-in Easing the transition of ownership and practice leadership