Tag Archives: Healthcare

A guide to buying and selling a veterinary practice

Posted on 08/10/2025 by freestyle

The sale or purchase of a veterinary practice is likely to be one of the largest financial transactions that a vet will enter into. Whether selling or buying, it is important for vets to understand the process involved. Is your practice ready to sell? Prospective buyers will expect to see information regarding the practice such as existing contracts, maintenance records and property used and/or owned by the business. A buyer will want to learn about all ongoing liabilities it is likely to take over. It is important therefore that, prior to marketing the practice, the seller ensures that the practice information and records are in good order. Marketing the practice Many sellers will use a specialist agent to market their veterinary practice. It makes sense to use an agent who is experienced in marketing veterinary practices. Such agents act as … Continue reading →

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Choosing the right business structure for your veterinary practice

Posted on 05/09/2024 by Ben Ironmonger

Starting a veterinary practice is an exciting venture, but there is a lot to consider. One of the most critical decisions you’ll face early on is selecting the right business structure. This decision will have long-term implications on how your practice operates, manages its finances, and addresses legal responsibilities. In this brief guide, we outline the key business structures available to vet practices and their advantages and disadvantages. Private Limited Company A private limited company (Ltd) is a separate legal entity and can be formed by one or more individuals. It is a popular choice for veterinary practices due to its liability protection and potential for future growth. Advantages: Disadvantages: Our company and commercial solicitors are very experienced in advising business owners on private limited company legal matters, and regularly help clients with incorporations, shareholders’ agreements, and restructuring companies. Partnership … Continue reading →

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Selling your dental practice? How to prepare for a smooth and successful sale

Posted on 28/07/2023 by Ben Ironmonger

Are you a dental practice owner looking to embark on a new chapter in your life? Whether you’re planning to retire or explore new opportunities, selling your dental practice is a significant decision. As a leading English law firm experienced in dental practice sales, we understand that the process can be overwhelming. However, with the right preparation and guidance, you can make the sale easier on yourself and ensure a successful transaction. In this blog, we’ll walk you through essential steps to prepare for the sale, ensuring a smooth and seamless experience for you as the seller. 1. Early Planning is Key: Selling a dental practice is not a decision that should be rushed. The earlier you start planning, the better. Ideally, begin the planning process at least one to two years before you intend to sell. This will give … Continue reading →

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Associate dentist contracts must be reviewed before April 2023

Posted on 23/03/2023 by Ben Ironmonger

Historically, it has generally been accepted that associate dentists are virtually always self-employed. However, HMRC have withdrawn their guidance on associate dentists’ self-employment status, making it more important than ever to ensure that the correct associate dentist contract is in place and that the reality reflects the contract. From April 2023, each dental associate’s tax status will be considered on a case-by-case basis. Factors that will be considered centre around control, but include whether the associate can exercise sufficient clinical freedoms, whether they have to do all the work themselves or can engage hygienists, therapists or locums as appropriate, and how much freedom they have to choose their own hours worked. HMRC have confirmed that they will not be using the withdrawal of the guidance as a reason to open retrospective enquiries into periods prior to 6 April 2023, and … Continue reading →

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Top tips for selling your dental practice in 2023

Posted on 29/12/2022 by freestyle

The period after Christmas and New Year can be great for reflection, and planning for the months and year (or years) ahead. If you are thinking about selling your practice in 2023, but aren’t quite sure where to start, here are some top tips to consider. 1. Getting a Valuation when selling dental practice Most people wouldn’t consider selling a house without a proper valuation (or three), so why would you sell your dental practice without one? There are lots of points to consider here, and a normal business valuation won’t be applicable. Whilst a business is only worth what someone is willing to pay for it, you should never accept a valuation based on the opinion of the buyer (they obviously will want to pay less!). 2. Get specialist adviceWe’ve dealt with a number of matters where a perfectly … Continue reading →

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Selling your care home: legal issues to consider

Posted on 03/12/2020 by freestyle

As financial pressures mount on the care home industry, whether due to local authority funding, COVID-19, or a range of other issues, there are a number of actions care home operators may be considering to keep costs down and this may include disposing of one or more care homes. Whether you are an operator running a group of care homes wanting to consolidate your portfolio, or a sole operator wanting to retire and enjoy your next chapter, making the decision to sell a care home is not an easy one. However, with the right legal support and planning, you can increase the likelihood of a successful, smooth transaction. Structure of the transaction: share sale or asset sale When you operate a care home via a limited company, whether the sale is to be structured as an asset sale or a … Continue reading →

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Points to consider when buying or selling a dental practice

Posted on 24/04/2020 by freestyle

There are a number of points to consider when buying and selling dental practices. A solicitor experienced in dental transactions knows the important questions to ask, so as to be able to offer the best service and advice enabling you to be confident that you are choosing the right advisor for your transaction. Whilst this is not a complete how to guide, hopefully it will provide some food for thought and help prepare you for your dental practice sale or purchase. The Dental Practice What sort of dental practice is being sold? A good indicator that a healthcare solicitor is experienced with buying and selling dental practices can be whether they ask about your practice in terms of the services provided. Is there an NHS contract and is it GDS or PDS, is the practice only private dental care or a mix, and so … Continue reading →

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Funding care – exploring the minefield

Posted on 02/03/2020 by freestyle

The crisis in social care funding has at last come near the top of the government’s “to-do list”. Sadly, this complex issue has been largely ignored for many years.  That is of little help if you have a loved one currently needing care or about to be in that situation.  It is heart breaking enough to confront the fact that your mother or father may no longer be able to look after themselves.  It can be hard to find the appropriate care without having the additional concern as to how the potentially enormous costs will be paid. The average costs of residential care in the UK in 2017/18 was over £32,000 per annum.  This rose to over £44,500 a year when nursing care was included.  These costs vary hugely across the country and indeed between individual care homes. Depending on … Continue reading →

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