Investing For Doctors Podcast
Welcome to the Investing For Doctors podcast. Here we talk about personal finances, investing, wealth creation, accounting, and personal development that will aid you in your life journey as a doctor.
Please note that the information provided in this podcast is for educational and entertainment purposes only. The content should not be considered as financial advice and your personal situations have not been taken into account. Before making any financial decisions, we strongly recommend consulting with the relevant professional(s).
Investing For Doctors Podcast
This One Clause Could Kill Your Multi-Million Dollar Practice Exit | Ep. 32
Join 28,000+ doctors and dentists in the 'Investing for Doctors' Facebook group: https://facebook.com/groups/investingfordoctors
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In this episode, we’re joined by Justin Fung, Head of Commercial & Corporate and General Manager at Avant Law. Justin has advised countless doctors on how to scale, structure, and sell their medical practices while avoiding the legal traps that often surface too late, when someone wants to exit.
Justin breaks down why outdated shareholders agreements are one of the biggest risks to your future exit, how practices fall apart during sale negotiations due to unclear valuation and partner misalignment, and why legal documents should evolve with your business, not sit in a drawer for 20 years.
He also explores the most common payroll tax and employment law issues in medical practices, how to structure buy-ins for new doctors without triggering disputes, and what corporate buyers look for when acquiring a clinic. From clean contracts to proper governance and clear succession plans.
If you want to protect your equity, scale your practice with confidence, and avoid legal disasters that could kill your exit strategy, then make sure to listen to this episode.
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TIME STAMPS:
00:00 Hook/Intro
01:28 Guest Background
02:01 Buying and Selling a Practice
03:18 Process of Cardiologist setting up a Practice
04:48 Engagement of a Lawyer when setting up a Practice
07:29 Exercising your Option
09:02 Engagement of a Lawyer when Buying a Practice
10:11 Shareholders Agreement
13:31 Employment Law
18:11 Two forms of Contractor
22:56 Employment Arrangements
25:07 Difference between Constitution and Shareholders Agreement
34:36 Structure Valuation
38:45 Process of a Big Corporate Buying a Practice
50:18 Process of Buying Other Practice
52:27 Conclusion/Outro
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SHOW NOTES LINKS
https://au.linkedin.com/in/mian-bi
https://www.linkedin.com/in/justin-fung-53a9647b/?originalSubdomain=au
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LISTEN TO THE PODCAST
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Apple Podcasts: https://podcasts.apple.com/au/podcast/investing-for-doctors-podcast/id1775535608
Amazon Music: https://music.amazon.com/podcasts/b9de46bc-e29d-4402-9e9e-959a3a5dc8da/investing-for-doctors-podcast
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FIND US HERE
Website: https://ifdgroup.com.au/
Facebook Group: https://www.facebook.com/groups/investingfordoctors
Facebook Page: https://www.facebook.com/investingfordoctors
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.
