Pharmacy Acquisition Tips
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Planning an Acquisition
When you are planning an acquisition, you may have had the thought or been approached by another colleague who is also interested in ownership, and would like to form a partnership. Either way, the most important step towards forming a partnership is to establish a shareholder/partnership agreement. This agreement is an essential and needs to be properly drafted as a legal agreement between the partners prior to making an acquisition by a mutually agreed upon and qualified lawyer.
You may think that prior friendship with your partner or partners will be enough to have a foundation for a solid working relationship, however, in my experience, that is rarely the case. Typically friendship based partnerships work for a short time, however, when issues arise over the sharing of expenses and profits or when the business has grown to a significant size, the onset of disputes is guaranteed...........