PM08P - Non-Traditional Methods for Granting Employees Equity Interest in Veterinary Practice

Tuesday, February 21, 2023

3:00 PM – 3:50 PM

Location: Breakers K, Level 2

Earn 1 CE Hours

Presenter(s)

Peter Tanella, Esq., Esq.

Member
NATIONAL VETERINARY LAW GROUP AT MANDELBAUM BARRETT
Roseland, New Jersey, United States

Co-Presenter(s)

DA

Dennis Alessi

Moderator(s)

Cris Chilelli, CVPM

Regional Operations Director
VCA MVH
Goodyear, AZ, United States

Particularly given the current labor market, and with consumer increased expectations for veterinary care, incentivizing veterinary employees with an equity interest in the practice is increasingly becoming a requirement, not an optional perk, for attracting and retaining quality veterinarians and support staff. This presentation addresses the major points of the traditional means for granting such equity interests (and the down sides of them) and the advantages of newer, non-traditional methods for such grants. This presentation also addresses several models of the business structures required for the adoption of these non-traditional methods.

Learning Objectives:

Understand why providing some form of equity interest in your practice for your veterinary associates is important given current market force
Understand the downsides of traditional forms of equity ownership in a practice
Understand the key elements of non-traditional ownership interests in a practice