Whether your practice is for sale or not, knowing its value is important for many reasons including retirement planning, future partner buy-in, and as an ongoing measure of your overall practice success. If the practice is succeeding financially, your practice value should increase over the years. For planning purposes, it’s suggested you have a valuation prepared every three to five years.
As you near retirement and begin to think about selling your practice, we can do a thorough review and analysis of your financial information and analytics, to specifically help you concentrate on areas that lead directly to maximization of your eventual selling price. Starting at least three and preferably five years prior to your anticipated retirement and sale date will ensure you have time to make effective changes that bring value to your practice.
Our reports are prepared utilizing the standards set forth by the American Institute of Certified Public Accountants and The National Association of Certified Valuation Analysts. In addition, Cammi is a member of the VetPartners Valuation Council, a select group who set the criteria utilized by the industry for valuing veterinary practices.
You’ve found the perfect practice to buy, or is it? We’ll assist in examining the financial records and documents of the practice and help you in your due diligence process. Our industry specific experience, as well as working with over 100 veterinary practices over the years affords us the knowledge to analyze the important aspects in the business and everything involved in purchasing it. Along with our accounting and tax knowledge, we can help you make the right decision.
Whether starting up, purchasing our buying in, we can help every step of the way. Understanding the many tax aspects of a transition is imperative and we’ll assist to ensure you negotiate the transition to be as tax-advantageous as possible.
We work with other industry professionals such as brokers and attorneys to complete the transition, and help you with what you need to get your practice up and running. This includes ensuring you set up using the most suitable entity choice, get the appropriate business and tax licenses and help you to get a great team in place for your first day.