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Business
A beginner's guide to incorporation
  1. Brian Pound

    Brian Pound is a founder director of CVS (UK) Ltd which buys veterinary practices and veterinary laboratories and currently operates in 19 locations. He is an honorary member of the Society of Practising Veterinary Surgeons.

    and
  2. Phil Theo

    Phil Theo was a founding director of CVS (UK) Ltd having previously been the financial director for Fort Dodge (UK) Ltd. He has over 15 years' experience of financial appointments at board level in both multinational and smaller organisations.

Abstract

THE expression 'corporate ownership', when referring to the veterinary profession, has become synonymous with large group or company ownership of multiple practices. However, 'incorporation' is not the exclusive domain of big companies. Many small privately owned businesses, including veterinary practices, have become 'incorporated' in recent years. In this article, Brian Pound and Philip Theo outline the differences between private partnerships and corporate practices, and discuss whether the route to incorporation is likely to be an advantageous one.

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