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Re: Joining a groupFrom: Dr. John Provatopoulos B.Sc. M.D.C.M. F.R.S.C. (johnprov@sympatico.ca)Tue Jan 15 18:53:02 2008
At Tue, 15 Jan 2008, Tennille Cloward wrote: > >I am currently a chief resident and have been offered a position to join >a group of 3 other physicians and 3 midwives. I have requested to see >their financial books. I was told that they have a minimal amount of >money quote "in the bank", and $95,000 in debt, on a line of credit. My >question is; Are these normal figures or something that should concern >me? Thank you. If at all possible just join as a member of the call group, do your own billings, and pay your fair share of the expenses. You will have no trouble getting a loan for your expenses for the first year or two(hey the interest is tax deductable!). Don't let anyone take a cut of your billings and don't sign up for anyone's else's liability.
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Take care, John
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