A detailed succession plan, crafted in advance and with the advice of a financial planner can help preserve and enhance the value of the practice for medical practitioners, as well as reduce unnecessary legal and financial issues that can arise during transition of ownership.
There are many paths open to medical practitioners, whether they prefer to stability of being employed, or the freedom of being self-employed. It take a good business plan to map out a successful journey!
Many people are not aware of what Estate Planning is all about. It is a vital aspect of financial planning that applies to everyone with assets, regardless of amount of wealth.
Sole proprietorship comes with its advantages and a unique set of challenges; learn how you can mitigate the risks.
It is common for medical practitioners to expand their clinic practice by roping in other doctors from the same or different fields. Let’s look at the factors that can affect the decision-making process.