Whichever option you decide on, seek professional financial advice about:
- when and how to purchase or start a practice
- finance and taxation issues, including loans, income tax, depreciation, capital gains tax, superannuation
- asset management
- options for expanding, moving, and selling some or all of the practice.
In particular, you will need a good relationship with an accountant and with your practice manager, and your practice manager and accountant will also need to work well together.