# Veterinarian ownership restriction

A term used when buying veterinary practice.

The minority of state practice acts that require a licensed veterinarian to hold the ownership.

It is the ownership wall of the trade. In a restricted state a non-vet buyer typically needs a licensed partner or a management-company structure, both of which are known arrangements with known costs, so read the state's own rule before writing an [LOI](https://searchspheresource.com/glossary/loi) rather than after. Where a partner is required, finding the right one is the long pole in the deal: it is a hiring decision, a governance decision, and a share of the economics all at once.

Part of: Buying a Veterinary Practice (https://searchspheresource.com/guides/buying-a-veterinary-practice)

Source: https://searchspheresource.com/guides/buying-a-veterinary-practice/terms/veterinarian-ownership-restriction
Not dated: The same editorial definitions as the glossary, inside a trade.

Site index for machines: https://searchspheresource.com/llms.txt