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Trading structures for veterinary practices
Author(s) -
Moore Andy
Publication year - 2004
Publication title -
in practice
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.211
H-Index - 25
eISSN - 2042-7689
pISSN - 0263-841X
DOI - 10.1136/inpract.26.7.394
Subject(s) - general partnership , structuring , principal (computer security) , business , veterinary drug , set (abstract data type) , veterinary medicine , computer science , medicine , finance , computer security , chemistry , chromatography , programming language
TRADITIONALLY, the options for structuring a veterinary practice were restricted to the sole principal set‐up or the partnership and, although the RCVS relaxed the rules governing trading structures for practices some years ago, these remain the most common trading vehicles in the profession. In the first of two articles, Andy Moore looks at the different trading structures that are available for veterinary businesses and, in the light of changes in the tax treatment for some of these structures, outlines the various opportunities and drawbacks that come with each one.