Selling a medical practice can be complex. The features of a transaction must be holistically considered, keeping both legal and taxation implications at the forefront of your thinking. We collaborate with industry specific accountants, to ensure that your legal interests are balanced and consistent with what's best for you from a taxation liability perspetive.

When purchasing an existing practice, the most important phase is everything you do before entering into a formal practice purchase agreement.
A practice mightn't be what it seems at first glance.

Our lawyers work with industry specific accountants to ensure that the numbers stack up. From a legal perspective, we investigate any lending arrangements which may see the practice assets being transferred as security for the seller's borrowings. We ensure that the local authorities have issued appropriate permissions for the use of the premises as a medical practice. We ensure the terms of any purchase contract are favourable to you and that the vendor is appropriately restrained from working in direct competition to you post settlement.

For practitioners embarking on a new business venture, the overwhelming emotion at the outset will likely be one of stress. There are endless amounts of administrative tasks to attend to, not to mention legal compliance. We can help by reviewing your new premises lease, preparing employee and practitioner contract agreements, advising generally in relation to any borrowings you require and any personal guarantees you have been asked by a lender to sign.