Avoiding Gaps in Your Partnership or Group Practice's Operating Agreement
Date: July 26, 2010
Co-Author: Philip M. Bogart, Esq.
Practicing in a partnership or group practice with one or more dentists has several advantages. In many situations, these practices offer dentists the potential of enjoying more personal freedom and producing higher income with lower overhead. Dentists can also take advantage of sharing management responsibilities, marketing duties, and operational costs.
However, because of the potential drawbacks and pitfalls of a group practice, dentists considering this form of practice should enter into a well-crafted, comprehensive agreement to govern the affairs of the “partnership.”
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