As the NHS changes, and with the introduction of private firms who can tender to provide services, many medical professionals are considering whether a partnership remains the best business structure. We can advise practices on different structures, outlining the main differences and how a change may affect the operation of the practice. We have also advised many clients on merging or setting up collaboration groups, including advice on the best structure under which these groups may operate.
Our advice covers the following areas:
Partnership
- advice on funding
- capital requirements
- accounting and tax implications of changes in partners
- partnership agreements in conjunction with specialist medical solicitors
- merger and collaboration.
Limited Company
- assistance with formation
- explanation of differences from partnerships
- assistance with corporate tax matters
- capital requirements
- assistance in complying with the Companies Act
- goodwill valuations
- employee incentive schemes
- advice on profit extraction.
Limited Liability Partnerships
- assistance with formations
- explanation of differences from partnerships
- advice on accounting and taxation implications
- assistance with members agreement in conjunction with solicitors.
For more information please click here to contact us.
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