The structure of practices can vary significantly according to needs. Each structure has different advantages and disadvantages covering the level of autonomy, risk, responsibility and cost.
Starting a practice is probably one of the most significant professional decisions a doctor will undertake during their professional life. “Starting a practice” or to “Buy into an existing practice” is a common goal for many doctors and health professionals.
Practitioners need to decide whether to practice with other doctors or on their own. Choosing to work with other co-owners could have numerous benefits, however they are very minimal if the co-owners of a practice do not work together or more importantly do not completely trust each other as business partners.