2023 AC - Shareholder/Partner Agreement Strategies: the Good, the Bad, and the Ugly

Debra Phairas, Practice & Liability Consultants Business Law How long has it been that your partnership or group practice reviewed your agreement to ensure it reflects current trends and issues in the medical environment? As consultants, we are frequently called in when a crisis occurs, for example sudden death, disability, or departure of a physician. The agreement the doctors signed many years ago may be vague, contain outdated values for buy-in/buy-outs or none at all, key person insurance may be missing, income distribution formulas may be sowing seeds of discontent or the group is suddenly faced with an untimely departure of a revenue producing doctor and also a steep buy-out. At the conclusion of this course, physicians and administrators will learn: • What needs to be included in Partnership/Shareholder/Buy-Sell agreements in this decade • What issues and current trends, particularly the differences between junior/senior members are currently important to each age group • How to ensure the current agreement reflects what the partnership/shareholders intend.