Most U.S. citizens believe owning a vet clinic requires you to have veterinary experience. However, some states allow non-veterinarians to own a veterinary practice. Read on to learn more about the qualifications you’ll need to buy a vet clinic without being a veterinarian.
Total Practice Solutions Group specializes in helping U.S. citizens buy and sell veterinary businesses. Our team has over 100 years of combined experience and will guide you through the complicated process while providing expert advice to help you get the most out of your clinic. If you want to buy or sell a veterinary clinic, contact Total Practice Solutions Group for professional assistance.
Do I Have To Be a Veterinarian To Own a Clinic?
Questions like, “Is owning a vet clinic profitable?” “Which states allow non-veterinarian ownership?” and “How much can you make owning a vet clinic?” often come to mind when one is considering buying a veterinary clinic. Fortunately, Total Practice Solutions Group can help you understand the complex industry by breaking essential information into its simplest terms.
Owning a vet clinic without veterinarian experience is more common than you think. In fact, 15 states officially legalized non-veterinarians owning vet practices, including Florida, Colorado, and California.
Although these states allow non-veterinarians to own vet clinics, they have strict guidelines the business owner must follow. Understanding your state’s restrictions and regulations proves a crucial part of running a successful veterinary clinic without vet experience.
What if My State Doesn’t Allow Non-Veterinarian Ownership?
You can still buy into a vet clinic in states prohibiting non-veterinarian ownership by splitting the business into two LLCs (limited liability companies). One LLC represents the clinic’s management sector, while the other includes the veterinary corporation. Non-veterinarian owners control the management LLC, while experienced veterinarians run the veterinary corporation LLC.
The management LLC handles inventory, recruitment, and other essential tasks outside the operations, giving non-veterinarian owners more control over the establishment. The veterinary legal entity controls the medical decisions, procedures, and the veterinarians’ payroll to ensure everything operates according to the state’s guidelines.
Although non-veterinarian veterinary practice owners won’t control every aspect of their business, breaking the vet clinic into two LLCs serves as one of the best ways to enter the field without prior experience.
However, consider a best practice and contact a lawyer and an industry expert before creating the two LLCs. They will help you understand the state’s complex regulations, ensuring your vet clinic operates within the region’s guidelines.
Contact Total Practice Solutions Group To Learn How To Own a Vet Clinic Without Veterinarian Experience.
If you want to own a vet clinic but don’t have veterinarian experience or know how to enter the industry, contact Total Practice Solutions Group. We will help you navigate the complex process while providing expert advice to help your up-and-coming vet clinic thrive.
Give us a call at (844) 908-2967 and become one step closer to owning a vet clinic today!