“If you have a good Associate on your team and to compete in this market, you really want to be in a position to offer some type of equity.”
Peter Tanella, Esq., Chair of the National Veterinary Law Group at Mandelbaum Barrett PC was recently interviewed by Tom Seeko, Co-Founder of Florida Veterinary Advisors on their “Smarter Vet Financial” podcast where they discussed Associate buy-ins and the challenges when providing partial ownership to another person and things to really consider before taking that step. After all, if you’re looking to provide ownership for the sake of retaining and motivating employees, you might want to reconsider the intention because once you provide ownership you are officially “business married.”
Listen to the Podcast here.