Running a successful dental, medical, or healthcare practice requires more than clinical expertise—you must navigate a complex web of legal and regulatory challenges while operating a business at the same time. From starting a new practice to planning for future transitions, every decision carries significant legal implications.
At Franklin & Frankel, we provide comprehensive legal services tailored to the unique needs of healthcare providers. Whether you are starting your own practice, drafting an employment agreement, or preparing for a sale or acquisitions, our experienced attorneys are here to guide you every step of the way and ensure your practice thrives.
Practice Transitions
Buying or selling a practice is one of the biggest decisions a healthcare practitioner makes during their career. You need an attorney who knows and understands your industry.
At Franklin & Frankel, we have negotiated and closed countless dental, medical and veterinary transactions, protecting our clients’ interests while getting the deal done. We will be there for you every step of the way providing guidance and helping you get the terms that are right for you.
Practice Formation
Starting a new practice is an exciting milestone, but it requires knowledgeable legal counsel to ensure a strong foundation. The choices you make at the start of your business can have lasting implications for your practice’s governance, taxation, and liability protection.
Our firm guides dentists, doctors, and other medical professionals through every step of formation. This starts with determining the right business entity type and continues with navigating the licensing and regulatory requirements unique to the healthcare industry. We assist with drafting and reviewing foundational documents, including operating agreements, bylaws, and partnership agreements, to ensure clear expectations and compliance.
Employment Agreements and Other Covenants
Employment agreements are essential to defining roles, responsibilities, and expectations within a healthcare practice. At Franklin & Frankel, we draft contracts that protect you and your business. We also help you navigate the ever-changing legal landscape of non-competition and non-solicitation agreements, which can be particularly important to safeguarding what you have built. Our team ensures these agreements are enforceable under state and federal law, balancing the needs of your practice with the rights of your employees.
Planning for the Future
Strategic planning is essential for the long-term success of your healthcare practice. Whether transitioning ownership, merging with another practice, or preparing for retirement, having a plan is critical. Practice transitions and mergers require careful legal structuring to avoid tax complications and other unforeseen challenges.
Our firm can help set the next stage for a practice by drafting buy-sell agreements that provide a framework for handling ownership changes. We can also assist with succession planning that will ensure your practice’s legacy continues seamlessly with the right leadership in place.
Outside General Counsel
Most medical and dental practices encounter frequent legal and regulatory challenges but don’t require the expense of a full-time, in-house attorney. As your outside general counsel, we provide a cost-effective solution, offering tailored, on-demand legal support for your practice’s unique needs. Whether reviewing contracts, advising on compliance issues, or navigating employment disputes, an experienced legal team ensures you’re protected without adding unnecessary overhead.
Talk to Franklin & Frankel Today
There are many legal considerations when it comes to founding, operating, or transitioning out of a medical practice. Let the team at Franklin & Frankel help you every step of the way. Contact us today for a consultation.