Guest guest Posted April 23, 2008 Report Share Posted April 23, 2008 Keep in mind that a " junior partner " has no control and is ultimately subject to your financial whims. If they understand that, then set your buy-in fee based on a formula that you yourself would feel comfortable with if having to buy into the business. Partnership requires that you, the senior in the group be willing to listen and adapt your viewpoint in the event your junior disagrees with you. Or an unhappy partner can make you very unhappy too. I suggest that any contract you sign have mediation as a clause for managing disagreements. Oh, and a termination clause too - it is easier to agree when you are all lovey-dovey that when you are at each others throats. Any contracts attorney can draw up papers for you. Neil Chasan, PT, MMT Bellevue, WA partnership Hello group, I have a very small clinic (single owner S-Corp) and would like to move into a junior partnership type of arrangement with a PT employee. I am looking for suggestions regarding the mechanics of bringing her in and any examples people have had and how it has worked for them. Thanks, Linnea Comstock Lacey WA Quote Link to comment Share on other sites More sharing options...
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