British Veterinary AssociationGuide To Partnerships In Veterinary Practice, UK

Main Category: Veterinary
Article Date: 28 Jul 2009 - 0:00 PDT

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Continuing efforts to help its members form lasting and profitable partnerships and pre-empt disputes in veterinary practice, the British Veterinary Association (BVA) has revised its 'Guide to partnerships in veterinary practice'. It will be of particular interest to vets buying into a partnership for the first time and will also be helpful to partners revising their existing agreement.

The lack of a formal agreement between veterinary practice partners could have detrimental consequences for everyone concerned. This guide therefore aims to draw attention to the areas which should be included as part of an agreement between partners to help reduce misunderstandings at a later date.

Available to download, the Guide includes sections on

- decision making and authority
- profits and losses
- salaried partners
- good faith
- capital assets
- insurance
- tax and accounts
- dissolution
- outgoing partners' undrawn profits and capital
- death
- power of attorney
- disputes and arbitration
- and more

Launching the Guide, Andrew Parker, chair of the BVA Members' Services Group, said "I think this is an example of the hard work and commitment that the BVA is making to its members. It is a very good starting point with good advice for someone embarking on a major change in their working life."

The Guide is available for BVA members to download.

Source
British Veterinary Association

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