North Texas Dentistry Volume 5 Issue 8 | Page 21

ferently down the road. The second cause of partnership breakdown arises when partners, prompted by the request of their lender, hastily procure and fill out a form agreement from the internet (or worse, pay an attorney to do the same). While these agreements often cover the most basic elements of a business partnership agreement, they simply do not and cannot address the many dental-specific issues that arise in a dental partnership. More importantly, they fail to address significant tax consequences related to partnership structure, distribution, and liability. It is important to remember that the law requires that, at some point, all partnerships must necessarily end. The best hope is that the partnership ends naturally after a long tenure of successful business operation and quality patient care. Occasionally, a partnership will end early either from the death or permanent disability of a \