Beyond the Successful Veterinary Practice: Succession Planning & Other Legal Issues
October 2001, Wiley-Blackwell
Author and consultant Thomas Catanzaro reveals his secret to building a business for the future: a strong succession plan. This book will help readers incorporate a defined leadership structure; address the internal and external legal issues of a practice; and understand the economic factors of owning and selling a practice.
Succession Planning--Forces of Change.
Risks and Demographic Demands.
Legal Issues of Veterinary Practice Succession Plans.
Selecting the Appropriate Legal Structure for Succession Planning.
Contracts for Succession Planning Transactions.
Solo Group Practice or Practice Affiliation: Is It Right for You?.
Legal Relationships with Associate Veterinarians.
Appendix A: Personal and Practice Value Assessment.
Appendix B: Compensation.
Appendix C: Employment Agreement.
Appendix D: Bill of Sale.
Appendix E: Covenant Not to Compete.
Appendix F: Promissory Note.
Appendix G: Veterinary Practice Purchase Agreement.
Appendix H: Personal and Confidential.
Robert W. Deegan, DVM, is the vice president for research and development at the Iowa JARD Corporation in Maquoketa, Iowa, which investigates agricultural options and develops commercial projects. He has worked with Catanzaro & Associates since 1993 to establish a valuation methodology to determine fair market values for veterinary practices.
Edward J. Guiducci, JD, represents veterinarians in business and real estate transactions throughout the United States.