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Practice Ownership - Opportunities and Traps

by William P. Prescott, E.M.B.A., J.D.

While each form of practice ownership - be it complete or fractional - has opportunities and traps, here are the big ones.

Complete Purchase and Sale

Owning your practice is a good thing, provided that you can earn the living that you earned as an associate, pay your operating expenses including necessary capital expenditures, and repay the lender within a measured period of time not to exceed seven years. While your loan may be for…

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