Bringing in or buying out a partner
The price, the tax, the loan and the agreement all have to land in the right order.
Talk it throughMEDICAL PRACTICES
A partner leaving. A partner joining. One order that has to be right.
We get your accountant, lawyer and bank working to one plan through the change, so you can keep seeing patients.
We coordinate. We don't advise.
Your accountant, lawyer and bank still give the advice.
Your professionals stay.
We work with the people you already have.
No commissions.
Our fee comes from you, never from a product or a referral.
THE CHANGES WE SEE MOST
Five changes. The same need for order.
Partner changes come first.
That's where most gaps are.
Selling or stepping back
The sale and your own plans rarely move on the same timeline.
Talk it throughGoing separate ways
When a partnership ends, clear roles and a clear order matter most.
Talk it throughStarting a practice
Agreements, finance, premises and staffing all lean on one another.
Starting a practiceWhen something unexpected happens
A sudden change brings new people and decisions in at once. We help put them in order.
Talk it throughWHAT IT LOOKS LIKE
Everyone did their part.
Three things still didn't connect.
Graham kept seeing
patients.
Graham, 61, is selling his 70% of a specialist practice to his partner Priya in two stages. His accountant, lawyer, bank and adviser were all doing good work. This is what sat between them.
THE LEASE
Found: Graham's super fund owns the rooms the practice rents. Nobody had checked whether the sale triggers the lease, with three years left on it.
We did: took it to the lawyer and both sides before price talks went any further.
THE INSURANCE
Found: the partnership agreement says a buyout on death or disability is "funded by insurance". There were no policies.
We did: brought in the insurance adviser, so cover is in place before anyone signs.
THE PRICE
Found: the bank's pre-approval rested on a broker's estimate, not an independent valuation.
We did: lined up the valuer and the accountant's earnings figures, then took them to the bank before the price was set.
Each professional kept their own advice. We kept the order, and Graham didn't have to carry it between consults.
A fictional example based on situations we see. Names and details are made up.
WHO'S USUALLY INVOLVED
Seven sets of hands.
One order.
ACCOUNTANT
Tax, structure and the numbers
LAWYER
The agreements and the lease
BANK
The loan and any guarantees
VALUER
What the practice is worth
LANDLORD
The premises and who's on the lease
INSURER
Cover between partners
PRACTICE MANAGER
Staff, systems and patients
YOU
Keeping it all in order, between patients
Each one is good at their part. Nobody is asked to keep the order. Until now, that's been you.
WHAT YOU GET
What you get in twelve weeks.
The change may take longer.
The plan keeps it on track.
YOUR PLANWEEK 4
- 1
Value the practice
Accountant · Valuer - 2YOU DECIDE
Agree price and tax
Accountant · Lawyer - 3
Approve the loan on the valuation
Bank - 4
Release the guarantee at settlement
Lawyer · Bank
01 / STRUCTURE · WEEKS 1 TO 4
Your plan, in writing.
Who's involved, who decides, and what happens in what order.
ONE PLANWEEK 7
- ACCOUNTANT
Valuation in
Done - LAWYER
Agreement drafted
This week - BANK
Loan assessed
Underway - LANDLORD
Lease signed over
To come
We chase what's next
02 / CONNECT · WEEKS 5 TO 10
The plan, followed through.
Everyone working to it. We chase what's next and check in with you as it moves.
WEEK 12 REVIEWYOUR CALL
Week 1Week 4Week 10Week 12
Donewhat's finished
Leftwhat's still open
Nextwhat you need
Carry it on yourselfWith your accountantStay on with us
Whichever you choose, the plan and records are yours to keep.
03 / MAINTAIN · WEEKS 11 TO 12
A review at week 12.
What's done, what's left, and what you genuinely need next.
FIXED FEE
One fee, agreed before we start. After week 12, carry it on yourself, with your accountant, or stay on with us.
BEYOND THE PRACTICE
What it means at home.
A practice change often reaches home. We'll flag what it touches, so your adviser, accountant and lawyer can deal with it at the right time.
Personal & FamilyPRACTICE CHANGE
Partner leaving
- The guarantee on the houseLawyer · Bank
- The family trustAccountant
- SuperAdviser
- Your willLawyer
- Insurance between partnersAdviser
We flag it. You decide when.
Not sure if you need us?
A short walkthrough will tell you.
You'll leave with a clear view of what needs to happen, and in what order. If your accountant can handle it, we'll say so.
Arrange a walkthroughClients across Australia. Most walkthroughs are by video.
WHAT HAPPENS IN A WALKTHROUGH
- 01
We listen
Your situation, in your words, and who's already involved.
- 02
We map it
What needs to happen, who does it, and in what order.
- 03
You decide
Whether to go further with us, or carry it on yourself.
FOR ACCOUNTANTS, ADVISERS AND BANKERS
You give the advice.
We run the sequence.
We don't replace you. We make sure your work connects to everything else happening around your client. Your client stays your client.
How we work with professionals