Cynthia Wutchiett graduated from The Ohio State University in 1974 and founded Wutchiett & Associates in 1980. She speaks regularly at national, regional, and state association meetings, writes articles for national publications and serves as the Financial Editor of Veterinary Economics. She also provides expert testimony about the operation and valuation of veterinary practices. Wutchiett and her husband, Robin, share their home with Larz, a mixed breed dog they adopted from our local Humane Society. In her free time, Wutchiett enjoys bicycling, hiking, and rafting.
My partner and I are opening a hospital and we're concerned about our accounting structure. Is a local accountant with a good reputation adequate, or should we find someone who specializes in veterinary medicine? What kind of costs can we expect?
The numbers prove it: Selling a part interest to your associate boosts practice value and increases your net worth?plus, this step gives you a clear succession plan. Associates: You win with a buy-in, too.