Colorado Chiropractic Journal Vol. Colorado Chiropractic Journal - Vol. This article is intended to address many of the legal, tax and financial aspects of buying and selling a chiropractic practice, an event that every practitioner may face at some point in their career. Part One of this article addressed the various methods of valuing a chiropractic practice. The following discussion is intended to address some of the legal and income tax aspects you should consider.
Every chiropractic practice is unique.
Therefore, the legal considerations for the purchase or sale of each practice are somewhat different. The discussion of the legal issues that follows will address the most common legal concerns. Before you buy or sell a practice, however, it is important that you consult with your attorney. In Colorado, the answer is straightforward. Only a licensed chiropractor may own an interest in a chiropractic practice.