The period within which a claim can be brought. The extent of personal liabilities for breaches. While these limitations will not entirely eliminate the seller's exposure to post-closing claims, they can limit the risk of exposure and reduce the likelihood being sued following the sale. In most cases, when physicians sell their practice, they go to work for the buyer. Negotiating a fair salary is important, but negotiating retirement benefits may be even more important.
Private practices can funnel more money than hospitals can into retirement packages.
The average retiree requires an income equivalent to 60 or 70 percent of his or her final annual salary. But federal tax and labor regulations may prevent larger organizations from offering these levels of retirement benefits to physicians. Taxes on plan contributions are deferred until retirement. Taxes on plan earnings are deferred until retirement. Plan contributions are tax-deductible when they are made.