Is an Expense Sharing Arrangement Right for You?
Operating your own medical practice can be costly. If you are the sole physician at the clinic, you (and only you) are responsible for numerous fixed and variable costs including rent, equipment, office supplies and staff salaries.
All legal arrangements have their associated risks and expense sharing arrangements are no exception. You must be prepared to accept the laws and regulations similar to those of a traditional partnership, as well as the potential for disagreements to occur between you and your colleagues. Having said that, there are significant benefits to expense sharing arrangements including a lower financial burden and the ability to consult with other likeminded professionals right inside your work environment.
Drafting Iron Clad Agreements
A carefully and meticulously drafted agreement is one that protects the best interests of all parties involved. It is ethical, fair and thorough. Saad Law has years of experience drafting expense sharing agreements for physicians and medical professionals throughout Ontario. We take the necessary time to understand your goals and objectives, and we use a highly detail-oriented approach to draft a custom agreement that reflects your needs and protects your best interests.
Prompting You to Consider the Unexpected
A good lawyer encourages you to think about all potential possibilities and events, regardless of how unlikely they may be. When you enter into a business relationship with someone else, it can be difficult to think rationally and practically to make sure you are fully protected right from the start. That’s what we’re here for. The Saad Law team is experienced, intuitive and pragmatic. We help you make the necessary considerations prior to entering into any kind of arrangement. The end result is an educated and prepared client who makes informed decisions and who drafts agreements that protect them today and in the future.