Beyond the Successful Veterinary Practice: Succession Planning & Other Legal Issues

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