Partnership and Shareholder Agreements
In many instances, health care professionals choose to form a partnership/group practice in order to share one or multiple practices. In addition, a health care provider who is recently joining a group practice has unique transition concerns that will affect the partnership buy-in arrangement.
A partnership agreement, which properly sets forth each partner's obligations and benefits, is crucial to the productivity of a practice. A partnership agreement should set forth the allocation of business and practice responsibilities between the partners, as well as the profit-sharing method. Such an agreement should also include dissolution of partnership provisions to protect the partners should they decide to severe the partnership in the future.
A partnership agreement must also provide for a large number of additional terms that specify the exact details of such an important business relationship. Mostofi Law Group is able to create a comprehensive partnership agreement that addresses the current and future engagement between two or more health care professionals.