Veterinary Purchase & Sale
Planning and information are the keys to many things in life and making the decision to sell or buy your veterinary practice is no different. There are personal and business implications as well as state and federal laws, rules, and regulations that impact your purchase or sale. Our experienced healthcare lawyer is here to help guide you through all of this toward a successful transition.
The legal concerns faced by veterinarians are varied. Some are unique to the space–management of the building given the type of waste involved and of controlled substances specific to a veterinary practice. Other concerns may be shared with many types of healthcare practices: accuracy of record-keeping, concerns with unhappy patients, how the practice has been owned (sole proprietor? LLC? Corporation?), financial management and delegation, supplies and inventory. All of these concerns can be managed and addressed–one by one–with the experience guidance of a veterinary attorney knowledgable in these matters and who has seen it before!
- Letters of Intent and Memoranda of Understanding
- Asset Purchase Agreements
- Stock or Membership Interest Transfer Agreements
- Buy-Ins and Partnerships
- Agreements for Post-Closing Clinical and Transition Services
- Associated Real Estate Leases and Sales
From the initial negotiations to buy or sell a practice, our attorney will assist in proper structuring to avoid legal costs in later contract stages. The smoothest deals are set out properly from the first, non-binding agreements.
Once an LOI or MOU is in place, we know the fundamental concerns that need to be addressed from each side. Our goal is to focus on your concerns as a seller or buyer, save you money, and make the process from initial discussions to inked contract as smooth as possible.
We stay up to date on the latest trends on law and taxation affecting your practice sale or purchase. The agreements and structures we put in place not only comply with the law but seek to help you save money and gain peace of mind. A smooth transition and exciting new future are more likely with our strong professional guidance.