In the final details the feelings become real.
We take care of all the necessary legal documents.
Ancillary negotiations are continued through this period on applicable legal documents, including Share Purchase Agreement (SPA), Asset Purchase Agreement (APA), Employment Agreement (EA), Independent Contractor Agreement (ICA). We’ll bring to the table the right experts and partners that need to be involved.
Details matter. Not only do they need to match the outline in the Letter of Intent, but they also need to be in-line with your expectations in the post-transition world.
Ensuring a Smooth Transition with the little things.
Closing The Deal.
1. The buyer’s operations team will prepare for the transition
2. The accountants will reconcile all financials
3. The legal documents will be finalized
The last element is reviewing the deal and signing the necessary documents. This final step seals the transaction, and funds for the purchase are ultimately exchanged. A small amount of money, called the holdback, is held back to deal with any potential items that may unexpectantly arise. This amount is refunded to you after the holdback period is completed, usually 3 to 9 months.
Congratulations, the deal is complete! Don’t worry, we’re still here! Post-Transition Support is still needed to help you see through to the agreed-upon arrangements.
One piece of the Veterinary Practice puzzle.
The MVG Difference.
We have cultivated a list of professionals that understand the veterinary industry, consolidation models, transition tax planning and legal frameworks, which include specialized Law Firms, Accounting Firms and Veterinary Management Advocates.
We continue to seek further partnerships to better serve our clientele.
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We help Veterinary Practice Owners transition their practice.
We help aspiring Veterinary Associates buy into practices.