Thinking of opening your own medical practice in the next financial year? You're not crazy. But before you sign a lease, hire a team or see your first patient, there's a set of legal, structural and operational decisions that will make or break the practice you build.
I want to start a practice of my own next financial year – am I crazy? is a practical session for GPs, specialists and allied health professionals considering the move from practitioner to practice owner.
Sarah Bartholomeusz (Founder and Principal, You Legal) walks practitioners through the Practice Lifecycle (Start, Scale, Strengthen, Sell) and the foundations that separate a sustainable practice from an expensive mistake. This session is designed for anyone planning to launch within the next 12 to 24 months, as well as healthcare professionals who want to understand the real complexity before they commit.
In this webinar, you will learn:
- Whether starting a practice is genuinely the right move for you right now, and how to make that call with confidence
- The Practice Lifecycle Stages: Start, Scale, Strengthen and Sell, and why planning the end matters from day one
- How to choose the right legal structure, including ownership, operation and control decisions that protect you and your family
- The three pillars of a strong practice set-up: Patients, People and Profit
- Privacy, consent, telehealth policies and data breach protocols every practice needs in place from day one
- Independent practitioners versus employees, and the payroll tax and compliance risks catching practice owners off guard
- Location decisions, sublease versus licence arrangements and how your online presence affects revenue from the outset
- Succession planning, owner agreements and providing for parental leave, illness and exit, even if you're opening solo
- A real case study of two specialist doctors (and best friends) building a practice together, and the foundations that protected their friendship
Who should watch:
- General practitioners, specialist doctors and allied health professionals considering starting their own practice
- Practitioners and non-practitioners planning to launch a practice within the next 12 to 24 months
- Healthcare professionals who want to understand the complexity involved in building a strong, sustainable business
- Advisors, accountants and practice managers supporting clients through the transition to practice ownership
Key takeaways:
- Starting a practice is an exciting chapter, but preparation is what makes it sustainable. The right foundations create confidence, not overwhelm
- Your legal structure is not a document exercise. It is the framework that protects you, your family and your future partners
- Patient, people and profit decisions made at set-up will shape your revenue, your risk profile and your reputation for years
- Owner agreements and succession planning are most valuable when you need them least, which is why they must be in place from the start
- You don't have to do it alone. Seek advice early, and build your practice on foundations that can scale with you
Book a complimentary chat about your practice plans with You Legal Senior Lawyer
Daniela Cecere-Palazzo to discuss your structure, set-up and succession considerations before you launch.
Book your complimentary chat with Daniela
Prefer to start on your own? Download our
Starting a Practice Checklist, a practical step-by-step guide covering the legal, structural and operational decisions every new practice owner needs to work through.
Download the Starting a Practice Checklist