The Difference Between an Associate Buy-In and Buy-Out
An Associate Buy-In is selling a portion of the practice to a current associate. This process has unique tax ramifications, distributing responsibilities, future buy-in options, and financing issues. Total Practice Solutions Group (TPSG) has the experience and knowledge to navigate through all of these issues and assist in determining the best financing options to satisfy both the seller and the buyer
An Associate Buy-Out is selling 100% of the practice to a current associate or group of associates. This transaction is similar to selling the practice to an outside buyer; however, the transition of clients and staff is a more straightforward process since the veterinarians already works in the practice.
Whether it is a Buy-In or Buy-Out, TPSG will determine the market value of the practice, negotiate the Letter of Intent for the buyer, assist with contract development, and strive to ensure a smooth closing and transition.
Dr. John Byrk
Total Practice Solutions Group