GP Practice Structures
Making changes to your existing practice structure can ensure growth and development for all within the practice. Choosing the correct structure for your practice is vital for the overall success of your business.
What are GP Practice Structures
GP Practice structures or GP Business structures refer to the way the practice is organised, and its legal status. They comprise of several different business models including Employee Ownership Trusts (EOTs) Partnerships and Enterprise Management Schemes (EMIs) to name but a few.
GP Practice Structure FAQs
What are the different Business Structures available to my Practice?
You can operate under the models of
- Sole trader
- Trust, including a hybrid trust, a unit trust, a discretionary trust or a family trust
- Company
- Partnership
- Associateship and
Assistantship - Employee Ownership Trust (EOT)
What is employee ownership?
Employee ownership is a model of business ownership in which the share capital of the business is either partly or entirely owned by its employees. It is a fast growing form of ownership in the UK and is similar to a management buyout and with the key difference that the ownership would simply sit with the entire group of employees rather than with senior management or a select few.
What should I consider when converting my practice structure?
There are many things to consider before converting your practice.
- Funding
- Taxation
- Administration
- Number of people within the practice
- The long-term goal of the practice
Businesss we’ve helped
NHS GP Practice becomes employee owned
MINEHEAD Medical Centre, has become the country’s first individual GP practice to operate as a John Lewis Style Employee-Owned Trust (EOT).
Read case study
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Our monthly support plans are made to help businesses with the legal services they need.
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The lightbulb moment
Just looking to launch your big idea? We can advise on how to structure your business, protect your brand and raise funds
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- Business structure advice
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About the expert
Stephen Attree
Managing Partner - Corporate, Commercial, IP and Disputes specialist
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Stephen is the Owner of mlplaw and leads our Commercial, IP and Dispute Resolution teams which provide advice on all aspects of the law relating to mergers, acquisitions, financing, re-structuring, complex commercial contracts, standard trading terms, share options, shareholder and partnership agreements, commercial dispute resolution, joint venture and partnering arrangements, IT and Technology law, Intellectual Property, EU and competition law, Brexit and GDPR.
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