Financial Backing

Published Mon, May 25 2009 2:43pm by Frank Sirianni

What legal issues come into play when a pharmacist purchases a pharmacy with the financial backing of another who is not a pharmacist? What sort of business structure would be appropriate to avoid any legal "ownership" issues arising from such a situation? Thanks

This requires legal advice.

A non-pharmacist cannot have a pecuniary interest in a pharmacy. However, they may provide 'financial backing' in the same way a bank can provide financial support.

Call Medici Capital to discuss.

Medici Capital: pharmacy specialists in finance, management consulting and valuations.

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