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Frequently Asked Questions
A reasonable first step in acquiring your first clinic should be to gather information. Consider applying a rule of three to your research: interview three practice owners about their journey, skim three books on practice ownership, and network with three critical professionals, including attorneys, lenders, consultants, and certified public accountants. As a bonus, you may also want to insert this question into Google and skim through three pages of content, or – more expeditiously – ask ChatGPT for advice.
Preparation through information gathering is critical. This is the first step to ownership because it will provide confidence and a baseline of knowledge from which you can draw to ask the right questions of yourself and of a prospective seller.
The best way to reach us at Morgan Advisory Group is by scheduling a consultation. This allows us to allocate dedicated time to discuss your specific needs and provide tailored advice.
Our fees vary depending on the type and complexity of the services required. We provide a detailed fee structure during the initial consultation, whether you are searching for consulting service, corporate setups, transactional services, or more.
At Morgan Advisory Group, we believe in transparent and straightforward billing. Here’s how it works:
- Initial Consultation: During the initial consultation, we discuss your needs and provide an estimate of the costs involved.
- Engagement Agreement: Once you decide to proceed, we will provide an engagement agreement outlining the scope of services and associated fees.
- Billing Schedule: Depending on the nature of the service, we may require a retainer fee upfront, with the remaining balance billed upon completion of the service. For ongoing services, we may bill monthly or according to specific milestones.
- Payment Methods: We accept various payment methods, including bank transfers, credit cards, and checks.
We strive to ensure that our billing process is as clear and convenient as possible, allowing you to focus on your business or practice without unnecessary stress.