- Joined
- Feb 19, 2009
- Messages
- 614
- Reaction score
- 228
What advice and pitfalls can you offer to someone about to become a shareholder/partner?
Here are the specifics. One year into the job and my group now wants me to become a shareholder. It is a small group that works at one hospital. 5 MDs, 9-10 CRNAs. Throughout the hospital we run up to 12 lines/day. The group is only 2 years old, so I am the first non-founder to make the transition. Because it is small, it is a very egalitarian group. Partner or not gets the same monthly salary, same number of calls, and same vacation days. After one year, every employee (including CRNAs) gets to participate in monthly profit sharing. The monthly profit sharing would happen whether or not I became a share holder. End of the year profit sharing may be bigger if a partner, but that is not guaranteed. The only other benefit to being a shareholder is I would get to vote on big decisions. But we have a "head" partner who makes the day to day decisions.
In this type of partnership, what would be considered fair for becoming a shareholder. The group doesn't own any property in the hospital. This midsized midwest town has been fickle with its anesthesiology groups, with several coming and going over the last decade, though ours is pretty well liked by the surgeons. Over the last year I have garnered plenty of goodwill with the different departments.
I am thinking a nominal buy-in fee and then celebrate with cupcakes.
Again, what is your advice or commentary?
Here are the specifics. One year into the job and my group now wants me to become a shareholder. It is a small group that works at one hospital. 5 MDs, 9-10 CRNAs. Throughout the hospital we run up to 12 lines/day. The group is only 2 years old, so I am the first non-founder to make the transition. Because it is small, it is a very egalitarian group. Partner or not gets the same monthly salary, same number of calls, and same vacation days. After one year, every employee (including CRNAs) gets to participate in monthly profit sharing. The monthly profit sharing would happen whether or not I became a share holder. End of the year profit sharing may be bigger if a partner, but that is not guaranteed. The only other benefit to being a shareholder is I would get to vote on big decisions. But we have a "head" partner who makes the day to day decisions.
In this type of partnership, what would be considered fair for becoming a shareholder. The group doesn't own any property in the hospital. This midsized midwest town has been fickle with its anesthesiology groups, with several coming and going over the last decade, though ours is pretty well liked by the surgeons. Over the last year I have garnered plenty of goodwill with the different departments.
I am thinking a nominal buy-in fee and then celebrate with cupcakes.
Again, what is your advice or commentary?
