If you have multiple shareholders in your practice, you need a buy & sell agreement to make sure surviving shareholders and surviving family members of a deceased or disabled shareholder are properly cared for. These agreements require regular review to stay consistent with the practice’s value. Unfortunately, in many cases, shareholders and family members find themselves in unnecessary litigation because agreements are outdated.

 

Physician Advisors will review your agreement by studying the buy & sell documents, business valuation and any insurance plans that exist to fund the agreement. If adjustments are needed to assure a more favorable result, we will make recommendations and help you get a new agreement drafted. Order an agreement review from Physician Advisors to give you peace of mind that all agreements and expectations are commensurate with your business as it exists today. Contact Us

 

Having multiple shareholders in a company creates the need for a buy & sell agreement to see that surviving shareholders and surviving family members of a deceased or disabled shareholder are properly taken care of. These agreements need regular review to keep consistent with business value. Unfortunately, shareholders and family members can find themselves in unnecessary litigation due to out-of-date agreements.

 

Our review services study the buy & sell documents, business valuation, and any insurance plans that exist to fund the agreement. This review gives you peace of mind that all agreements and expectations are current with the business that exists today. Contact Us

 

Loss of a key shareholder or employee can have a devastating impact on the momentum of your practice. Family members could find themselves owning a business without a senior physician and/or key management person, revenues can drop and key employees could launch competing practices. 

 

A Physician Advisors Catastrophe Planning evaluation concerns itself with who runs the practice, how they are compensated, the benefits and compensation surviving family members receive, and the future business plan. We provide a thorough analysis of the people, positions and relationships necessary for the business to survive, and we see that plans are in place to provide for the family in the event of a catastrophe. Don’t wait until it’s too late. Begin catastrophe planning before a catastrophe happens. Contact Us

 

You have a buy & sell agreement. You have successors who will run the practice. You have plans for family members to be provided for in the event of your death. Did you know estate taxes still can bankrupt your practice? Your practice could be destroyed if it is forced into a total or partial liquidation to come up with the cash necessary to satisfy the IRS for estate taxes.

 

The Physician Advisors Estate Tax Elimination Planning service identifies your worst-case scenario and provides a number of planning options to reduce or totally eliminate the tax. We review buy & sell agreements, business valuations and successor management plans to determine the total tax bill left to the surviving family. With our help, you can get a jump on estate taxes long before they threaten the health of your practice. Contact Us

Are you thinking about selling your practice to the team currently employed within your firm? The first thing you must do is determine whether the potential buyers will have the ability to buy it.

 

A Physician Advisors Internal Buyout Study reviews your management team, their ability to operate the practice in your absence, and whether they have the financial ability to purchase it. We analyze likely cash flow for installments to the owner upon the sale of the practice. We also provide an analysis of options for selling the business to insiders in a tax-efficient manner. Call us to help you negotiate this complex decision. Contact Us

Most physicians in business today will not be able to retire on the funds they have in qualified retirement plans. In fact, recent studies indicate that your top management team might only have 30% of their pre-retirement income available from Social Security and the typical 401(k) plan.

 

The Physician Advisors Incentive Compensation Study reviews the current compensation and wealth building possibilities of your physicians and staff. It also offers a number of strategies that allow you to provide an incentive culture in your company through selective incentive compensation plans. Because wealth building is tied to performance, these plans not only provide more for retirement, they can improve profitability of your practice. Contact us to get your study completed.  Contact Us

 

Many businesses find themselves in conflict due to the unique makeup of their shareholders. In situations where conflict is occurring, it can be very important to bring in an independent third party to help all members of a practice work through the problems and arrive at solutions in the best interests of the practice.

 

The Physician Advisors team has become very skilled at working with owners and key employees to resolve critical issues and move the business forward in a positive direction. Our Shareholder Counseling Service works to identify the real problems facing the business, identify strategic moves that benefit everyone involved, and help all members of a team cooperate to make the changes necessary to achieve success. To get started, contact us.

 

When should I sell my practice and retire? If you are thinking about selling, you also might be asking yourself other questions. Who should I sell to? When should I sell?  Should I retire or move into another business? How will I end up financially when it is all done? Physician Advisors understands how important it is to find the right answers to these questions.

 

Our Shareholder Succession & Exit Study examines the personal issues of retiring, establishes a realistic value for the practice, identifies potential successors, and reviews the most tax-efficient method of selling the practice. Engage our assistance to make sure you are satisfied with your score in this critical point of your career. Contact Us

 

As your medical business matures, you should be looking at two ways to build personal wealth. First, you can remove enough profit each year to accumulate wealth. Second, you can grow your practice or medical group, then sell your interest at a future date.

 

Through the Physician Advisors Shareholder Wealth Building Study, we examine the most effective ways of building wealth inside and outside of a medical business. The study reviews current investment plans and future business transition plans to determine the best way to unlock your business value. With a set of unique evaluation techniques, we work to remove the mystery that sometimes exists regarding how and when to retire and what your future financial life might look like. Contact Us

 

The best plans and the best people will be completely ineffective if those plans are not implemented. Strategic planning processes from Physician Advisors help you grow revenues, profits and organizational capabilities by helping you create a solid plan with the highest potential of realization. We show you how to address all aspects of your organization equally, rather than emphasizing one at the expense of others.

 

Strategic planning gives you the power to bring together the people, innovative processes and resources most likely to lead to your desired future. The Physician Advisors process gives you a competitive advantage through differentiation, distribution, technology and strategic alliances, as well as helps you examine and improve performance zones, such as vision and strategy, target markets, sales programs, financial planning, system utilization, organization structure and personnel practices. The potential result of careful planning is an increase in the size of your customer base, profitability and company value. Give your practice the highest odds of success by planning to succeed! Contact Us