Traditional partnership, solo practice or something new: Which model works for you?

“If each of us hires people who are smaller than we are, we shall become a company of dwarfs. But if each of us hires people who are bigger than we are, we shall become a company of giants.”

– David Ogilvy

“I can do things you cannot, you can do things I cannot; together we can do great things.”

– Mother Teresa

Partnership has long been the dominant business model in professional practices and certainly in private ophthalmology practices. For generations, solo doctors, plotting the growth of their enterprises, have more often planned for the MDs they hire to be on a track for equal ownership. This trend continues, although other models are increasingly common:

Very closely held practices in which the founder retains all or most ownership.

Expense-sharing associates in which a collect