Ever come across a financial situation that just makes no sense?
I stumbled upon a business case where the owners decided to borrow nearly $900,000 just to pay themselves.
Yep, you heard that right.
It was all because reimbursements dropped and expenses were climbing, but they wanted to maintain their lifestyle.
As a new shareholder, you'd be taking on a chunk of that debt.
Talk about red flags, right?
What would you do if you were in this situation?
Drop your thoughts in the comments!
Health care attorney Dennis Hursh discusses his article, "What every physician should know before buying into a medical practice."
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