In this episode, we talk to Paolo Lencioni from APL Accountants about the most common issues that occur when going into business with someone in the vet industry, and how to deal with those.
Today’s podcast episode is directed specifically to businesses in the veterinary industry. Paolo and our host Joanna Oakey drill into the different business structures that you can use and the risks of not having the right agreements. They also discuss the importance of shareholder agreements when it comes to going into business with a partner, and the things that need to be covered in them. They also discuss the value of drag-along and tag-along clauses, restraints, reviews, and exit clauses.
- Common issues when going into a vet business with a partner
- Different business structures to consider
- Risks of not having the right agreements
- What needs to be covered in shareholder agreements
- Drag along and tag along clauses
- Importance of restraints
- Reviews and exit clauses
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