Partnership

[PimpMaster]

My understanding of the typical partnership tracks: a few years of nonmember employment, then a buy in (amount varies)...........

I heard of a group offering no buy in at all, and once you reach certain revenue bench marks, you are considered a "partner", time frame varies on how productive you are...... Is this possible? Or is this a sneaky way of saying you are never going to be partner?

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[Bgladney]

It is possible but the question is how quickly will you get to that level? Is this a situation where you are building from scratch and YOU will need to build a practice with no support?

What is your pay structure until partnership? They may be shifting the "buyin" to more of a sweat equity type situation where you are being paid below average until you reach your goal for partnership.

 

[PimpMaster]

It is possible but the question is how quickly will you get to that level? Is this a situation where you are building from scratch and YOU will need to build a practice with no support?

What is your pay structure until partnership? They may be shifting the "buyin" to more of a sweat equity type situation where you are being paid below average until you reach your goal for partnership.

The pay structure is the typical base with 25% above 2.5-3x base...... if the practice owns the equipment, real estate, ASC, optical........shouldnt a buyin include the value % or your portion at the time of buy in? Otherwise, if you dont put money down for a buy in, then you dont really own anything right? Dont take home production of the group as a whole right? I thought it was a sneaky way of just saying you are a partner , but really just an employee making money for the practice.

 

[Bgladney]

Not necessarily. Retina group used to and some still do have a different type of buy-in. It used to be a five year track to partnership. At the end of the five years, there was a "token price". Very very nominal...like $10K. Basically, you were earning less over the years, providing more profits to the partners over the five years....thus "sweat equity buy-in".

In your example, that partnership may or may not include the real estate and ASC. They might be separate entities with different buy-in specifics.