PARTNERSHIPS and sole principal businesses are probably still the most common trading structures for veterinary practices, although some have adopted one of the more commercial entities, such as a limited company. However, partnerships are not always successful and may eventually break down. The chances of this happening could be greatly reduced with some forethought and planning. To ensure a successful working relationship, it is important to be clear from the outset of the reasons for taking on a new partner and of the type of person who will fit that role, as Christine Stobbs explains.
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