Magazine article from our research archive:
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Goodwill for sale
- Article from:
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Veterinary Economics
- Article date:
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June 1, 2008
- Author:
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Copyright informationCopyright Advanstar Communications, Inc. Jun 2008. Provided by ProQuest LLC. (Hide copyright information)
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I'm considering selling my practice's real estate to a nonveterinary entity and then selling the goodwill to a practice that could benefit from the potential business. How do I go about selling the goodwill?
Your best option is selling goodwill-the intangible assets you've built up over the years-to a nearby practice, says Veterinary Economics Editorial Advisory Board Member Gary I. Classman, CPA, a partner with Burzenski & Co. PC in East Haven, Conn. You're essentially selling your patient records (including the reminders) and the practice's telephone number. This allows the purchasing practice to fold your clients into its existing base with only slight increases in facility, ...
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