Practice ownership
The Scenario
Cassandra currently co-owns her Melbourne practice with her practice partner. They have 10 doctors.
Cassandra is heavily involved in the day-to-day management of the practice on top of her clinic schedule. She can see an opportunity to provide more services in the area and is keen to expand the practice, or potentially open a new practice.
Cassandra’s situation
Cassandra’s practice partner has just told her he plans to sell his share in the practice. Cassandra sees this as a great opportunity to buy him out and grow the practice. She has used lawyers in the past but is looking for someone who understands her business.
How Avant Law can assist
Our experienced lawyers have a deep understanding of the medical profession and experience in navigating all aspects of buying and selling a practice. We can advise on each stage including negotiating leases, transferring ownership, and associated issues such as employment and records management.
Legal support – step by step
Step 1 - Get in touch
Cassandra contacts Avant Law to arrange a phone or video call at a time that suits her timeframe.
Step 2 - Initial discussion
Cassandra decides a video call is best for her. Our lawyers will ask her about her situation and what she and her business partner need from the transaction. We will ask about the current structure of her practice.
We will promptly provide Cassandra with an estimate of costs and timeline.
Step 3 - Structuring and negotiation
Cassandra decides to proceed. We will advise Cassandra on the best way to acquire her practice partner’s interest. We will also facilitate negotiations between Cassandra and her practice partner.
Step 4 - Signing and closing
We will help Cassandra and her practice partner to come to an agreement for the sale. We can settle the contract and related documents.
We can help you
If you have any questions, or would like more information about how we can assist you or your practice, please call 1800 867 113, or to organise a confidential discussion at a time that suits you, please click here
Disclaimers
The information in this article does not constitute legal advice or other professional advice and should not be relied upon as such. It is intended only to provide a summary and general overview on matters of interest and it is not intended to be comprehensive. You should seek legal or other professional advice before acting or relying on any of this content. It should not be used as a substitute for legal advice. The information contained in this case study is fictional and only intended to outline some of the services that Avant Law offers.