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Justin breaks down why outdated shareholders agreements are one of the biggest risks to your future exit, how practices fall apart during sale negotiations due to unclear valuation and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://ifdgroup.com.au/

https://doctorbi.com.au/

https://au.linkedin.com/in/mian-bi

https://www.linkedin.com/in/justin-fung-53a9647b/?originalSubdomain=au

https://avant.org.au/law

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LISTEN TO THE PODCAST

Spotify: https://open.spotify.com/show/07DS5AxlbgmkuvP6zQGgtN

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.