Practitioner and national consultant Thomas Catanzaro knows that planning for the future today takes the fear out of meeting it tomorrow. In the same practical, easy-to-understand approach of this Building the Successful Veterinary Practice series, Catanzaro guides readers through the process of succession planning. From developing a better leadership structure to understanding the fiscal and legal aspects of a sale transaction, Catanzaro teaches the practice owner how to exit the practice at the time of his or her choosing and to maximize the after-tax profits from the sale. Some of the topics the author explores: * Understanding the forces of change * Calculating the practice's value * Assessing risks and demographic demands * Compensating team members * Preparing for the sale * Creating a market * Choosing a transaction structure * Selecting a legal structure * Negotiating transaction contracts * Entering into a solo group practice or practice affiliation * Planning for an associate buy-in * Easing the transition of ownership and practice leadership