As veterinary practices grow, many owners face an important question: whether, when, and how to offer associate veterinarians an ownership stake in the business.
Peter Tanella, Esq., Chair of the National Veterinary Law Group at Mandelbaum Barrett PC, and Jason E. Marx, Esq., Partner in the Firm’s Tax, Trusts, and Estates Practice Group, co-authored a practical article examining the opportunities and challenges associated with associate ownership.
The article explores a range of ownership and incentive structures, including direct stock purchases, restricted stock grants, phantom equity, and profit-sharing arrangements, while highlighting important legal and tax considerations for veterinary practices.
Whether your goal is retention, leadership development, succession planning, or long-term growth, understanding how to properly structure ownership opportunities are critical to creating lasting value for both the practice and its future leaders.