Legal 123s with ByrdAdatto

Setting expectations is critical for a successful business relationship. In this episode Michael and Brad share a classic story of unmet expectations between a famous board certified plastic surgeon and his employed physician. Tune in as we zoom out and look at the bigger picture of physician employment agreements, what we refer to as "the Sensei Plan", and the importance of good communication. Vi...

In this episode Michael and Brad share the story of a surgeon whose sudden diagnosis forced him to stop practicing medicine, and the impact this had on his practice, partners and insurance. Tune in as we dive into lessons learned from this tragic story and the importance of syncing your legal, tax, and financial professionals when developing the business succession plan. Visit our website www.byrd...

As we emerge from the global pandemic, we are more focused on the bigger picture than ever. In this episode Michael and Brad are joined by special guest, Anna Brewer. Anna shares her expertise as a CVA (Certified Valuation Analyst) on medical practice valuations and principles to follow in order to arrive at a valuation. In this episode we confront the incorrect assumptions most doctors are told a...

In this episode, Michael and Brad focus on the impact private equity had on one of our physician clients. As part of our theme this season, we zoom out and discuss the big picture impact private equity is having on the medical industry. In the second part of the episode we break down valuations and fair market value, and the pros and cons of structure of the purchase agreements. Visit our website...

Having a well-drafted, reasonable non-compete agreement can protect your medical practice from unfair competition and avoid costly litigation. In this episode, Michael and Brad are joined by trial attorney, Leiza Dolghih as she shares two stories about physician non-compete agreements. Tune in to find out how Leiza responded to these enforcement actions. Visit our website www.byrdadatto.com to lea...

Like all great entrepreneurs, our clients learned how to innovate and adapt during the COVID-19 pandemic. In this episode, Michael and Brad zoom out and reflect on the impact of COVID-19. We share how the pandemic affected our lives professionally and personally, the impact it had on our clients in the medical industry and evaluate where we are now. Visit our website www.byrdadatto.com to learn mo...

As we come out of the pandemic, we are going to step back and look at how the issues we discuss will be impacted in our new normal. In this episode, we share the story of a board certified plastic surgeon who received the dreaded knock on his door from a medical board investigator. Tune in as Michael and Brad share their perspectives on the reality of board investigations in our post-pandemic worl...

In this episode, we take a look back on our favorite stories and lessons learned from season four of the Legal 123s with ByrdAdatto and our theme When Should I Ask For Help? We also share a sneak peek of season five and our new theme, Zoom Out which starts on July 14th. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to st...

Clients that blindly enter into an agreement and never look at the details of the actual arrangement often find themselves in a messy situation. In this episode, we are joined by two very special guests. In the first part of the episode we are joined by Gary A. Tuma, MD as he shares a personal story about the trials and tribulations of his first employment agreement. In part two we are joined by a...

They say you should never do business with a friend… Tune in as Michael and Brad share a cautionary tale of best friend plastic surgeons who decided to leave their academic hospital and partner together to build their own private practice. In the second half of the episode Michael and Brad are joined by a special guest to break down the 4Cs – Cost, Compensation, Control, and Contingencies. Visit o...

As the D.I.Y. movement grows, we are seeing more and more risky areas. In this episode, Michael and Brad share a cautionary tale of a surgeon client who decided to build his own exit plan that was doomed from the start. Tune in as we dive into the details of understanding the financial health, legal health and operational health of a medical practice. Visit our website www.byrdadatto.com to learn...

Asking for help before it’s too late can make or break a business. In this special episode, Michael and Brad sit down to answer “your friends” questions from the 2021 AmSpa Medical Spa Show. In this episode, Michael and Brad answer questions “your friends” submitted during the sold out 2021 Medical Spa Show presented by the American Med Spa Association. Tune in and see if one of these questions so...

In this special episode, we are joined by Veteran U.S. Navy SEALs Clint Bruce and Stephen Holley. Tune in as we honor and celebrate our nation’s heroes on the 10th year anniversary of Carry The Load! Carry The Load provides an active way to connect Americans to the sacrifices made daily by our military, veterans, first responders and their families. In part two, we share legal insights non-profit...

Starting a business for the first time comes with many emotions, including excitement and fear. In this episode, we share the story of a first time entrepreneur who, unfortunately, trusted his friend to form his business. Can you guess what happens next? In the second half of the episode we walk you through the process of forming a business correctly. Visit our website www.byrdadatto.com to learn...

Have you ever considered buying or selling a business? In this episode Michael and Brad are joined by Ben Hernandez, founder and partner of Skytale Group to explore when to ask for help when buying or selling a business. Tune in as we discuss areas our clients often fail to properly consider in merger and acquisition deals. To learn more about Ben Hernandez and Skytale Group visit https://skytaleg...

Asking for help is important, but all too often a client call is more like a cry for help. Tune in as Michael and Brad are joined by ByrdAdatto attorney, Courtney Cowan as they discuss the importance of the good faith exam- also referred to as the MedSpa widow maker. For more information on the good faith exam visit https://www.byrdadatto.com/banter/the-medspa-widow-maker/ . Visit our website www....

Is it ever too early to ask for help? Tune in as we share a story where the client hitting the pause button and asking a quick question changed the future of an arrangement which could have had significant legal and financial impact. In part two Michael and Brad are joined by a special surprise guest as they break down the legal issues packed into the “medical director agreement” our client almost...

For many entrepreneurs, the big picture comes easily. However, it is important to also understand the foundational tools needed to be successful. Tune in as Michael and Brad are joined by founder and partner of Skytale Group, Jessica Nunn. In this episode we discuss the importance of having a clear financial plan, setting financial goals and mistakes to avoid in your business. Visit our website ww...

Knowing when to ask for help is important to the success of any business, yet many of us don't even realize we need help until it’s too late. In this episode, ByrdAdatto partner Jay Reyero shares one of our favorite strategies for our clients - whiteboard meetings. We discuss how drawing out even the most complex business can help simplify it. We also talk about the importance of knowing when you...

Guest Nicole Chiaramonte is a successful entrepreneur and a leader in the medical spa community. Listen to this episode as Nicole shares starting and acquiring a business, and how she knew when to ask for help. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe t...

In this episode, we take a look back on our favorite “dumpster fire” stories from season three of the Legal 123s with ByrdAdatto. We also share a sneak peek of season four which starts on April 7th. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTub...

Some things are just too good to be true. We close out this season with one final dumpster fire story and all too common situation - moving forward with a rush deal without taking the time to stop and evaluate what is being presented. We discuss the importance of conducting due diligence before entering into any business arrangement. Visit our website www.byrdadatto.com to learn more and to subscr...

What is said in the OR does not always stay in the OR. In this episode, we share the story of locker room talk turning into a full blown medical board investigation. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the ByrdAdatto family. Finally, subscribe to our YouTube channel for short videos on bre...

Before and after pictures are extremely important for aesthetic practices, but what happens when things go wrong? Tune in as Michael and Brad share a dumpster fire story in which one practice found multiple ways to violate their patient’s privacy. Visit our website www.byrdadatto.com to learn more and to subscribe to the ByrdAdatto newsletter. Follow us on social media to stay up-to-date on the By...

Former Las Vegas undercover police detective Rob Griffin is no stranger to dumpster fire stories. Tune in to this episode as Rob shares some of his encounters, and ways to protect yourself from partnering with “bad actors”. To listen to Rob’s podcast, BulletProof Mindset by Rob and Dal‪e‬, visit https://podcasts.apple.com/us/podcast/bulletproof-mindset-by-rob-and-dale /id1409692370‬‬ Visit our web...