Owners of professional practices are subject to the same important business decisions as any other business owner. Doctors, dentists, accountants, and owners of other licensed professional practices frequently call upon us to help them take as good care of their business as they are of their patients and clients.
When setting up professional practices, we assist clients with entity selection and formation, as well as management and governance. We negotiate leases for office space and space sharing agreements. As practices grow, owners may choose to add associate members. These changes require developing employment contracts, partnership tracks, non-competition agreements and compensation plans. Further, when more than one person will be involved in ownership of the practice, we assist in designing appropriate business agreements that consider issues ranging from buy-in methods to exit strategies.
Another important consideration for professional practices relates to their employment policies. As with our other business clients who employ support staff, we can advise on employment issues such as employment manuals, workplace policies, hiring and termination procedures, as well as compliance with federal, state and local laws.
© 2011 Copyright FEF Business Lawyers