Financial Backing
Question:
What legal issues come into play when a pharmacist purchases a pharmacy with the financial backing of another who is not a pharmacist?
What sort of business structure would be appropriate to avoid any legal "ownership" issues arising from such a situation?
Thanks
This question was asked on 25 May 2009
Expert Response
This requires legal advice.
A non-pharmacist cannot have a pecuniary interest in a pharmacy. However, they may provide 'financial backing' in the same way a bank can provide financial support.
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