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PHARMACY NEWS
WHAT IS A RIGHT OF ENTRY DOCUMENT & WHY CAN IT CAUSE PROBLEMS IN THE SALE OF A RETAIL PHARMACY BUSINESS?
Most Retail Pharmacies in Australia have the right to occupy and operate from the leased premises pursuant to a Lease document. When a purchaser enters into a contract to purchase a retail pharmacy business they
Were you on the “Net” this Christmas?
How was your Christmas 2009 trade? For many clients I have spoken to it has been flat and some are down about 5% to 10% on same month last year. The main reasons of course are the
HOW IMPORTANT IS MY LEASE TO THE SALE OF MY PHARMACY?
Nearly all Pharmacy businesses operate under a Lease and throughout Australia those Leases are predominately if not always Retail Shop Leases which are governed by various State based legislative Retail Shop Lease Acts.
BUSINESS OWNERSHIP SUCCESSION STRATEGIES
Whenever speaking to a pharmacist who is either already in, or about to join, a pharmacy partnership, I always ask whether they have thought about their business succession strategy. For the reader who is in
STRUCTURING – STILL WORTH IT?
With the top marginal rate of individual tax starting at $180,000 of income you have to ask whether structuring your pharmacy into a company or trust (depending on which State the pharmacy operates in) it
INVESTMENT OPTIONS OUTSIDE THE PHARMACY
Pharmacists looking to achieve investment goals sooner during the new financial year should take advantage of opportunities for Self Managed Super Fund (SMSF) investment outside the Pharmacy. Accelerating your wealth sooner by making the most