When venturing into a professional partnership, it is crucial to clearly define and establish expected roles and responsibilities to effectively govern your practice under the structure of a general partnership.
Whether you are considering associate buy-ins, or structuring partnership agreements, our experienced legal team is dedicated to facilitating seamless and successful collaborations. While a handshake may seem to suffice at the outset, our mindful drafting and/or review of your practice's partnership agreement will help the partners avoid potential pitfalls in the event of future conflict or disagreement.
Pivotal aspects of any partnership include not only ownership and voting rights, management duties and authority, profit sharing and distributions, but also limitations of liability, indemnification, restrictions related to the transfer of ownership interests, protecting confidential information (e.g., patient lists and records, information re: practice-operations, etc.). In addition to the foregoing, we carefully draft your partnership documents to help your practice withstand the unfortunate event of a partner's death or disability, bankruptcy, divorce, and loss or suspension of license.
The Law Offices of Cecilia Chen is here to help your dental practice thrive through insightful partnership creation and management specific to help you achieve your ultimate goals.
From new graduates starting their first associate agreements to seasoned practice owners looking to expand to a new office - our firm knows the challenges medical professionals face, and we’re here for your unique needs.