Home Practice Insights How to build a ‘Bridge to Independence’

How to build a ‘Bridge to Independence’

by The 100 Companies
bridge to independence

A Bridge to Independence – Through our partnership, we have built a bridge to independence that allows you to enjoy the rewards of having your own practice without all the logistical hassles of running a business. Listed below are just some of the services provided by Highland Partners that go into setting up and running a successful independent practice.

Provided by Highlands Partners Financial Services

Negotiate Compensation

Negotiate payout, upfront transition package, ACAT fees, ticket charges and other administrative fees.
Business Name Establish a name with which you would like to operate your business.
Business Set Up Hire attorneys to research business name, set up the entity, file appropriate state and federal registrations, and apply for federal tax id, maintain annual filings.
Business Bank Account Choose a bank, meet with a commercial banker and set up accounts and services, manage ongoing transactions and relationships.
Business Brand Choose and create a company logo and colors, develop marketing materials, create business cards and stationery, obtain compliance approval, choose and set up a print vendor, manage ongoing orders and expenses.
Web Address Determine available web addresses and purchase through vendor, identify web site and email host, develop and launch web site and email, obtain all compliance approvals, manage ongoing relationships and expenses.
Technology Purchase computers, monitors, and accessories, research and engage ongoing tech support services.
Office Equipment Purchase or lease printer/scanner, postage meter, and check scanner, manage ongoing relationships and expense.
Office Space Engage a commercial agent to perform surveys, tour properties, negotiate lease, hire attorney to review lease, execute lease, pay advance rent and rent deposits, manage ongoing relationships and expenses.
Office Furniture Research office furniture providers, shop for furniture and office furnishings, set up purchase or lease contracts.
Office Supplies Choose an office supply vendor and set up account.  Manage initial and ongoing supply orders.
Communications Choose and purchase phone system, set up and manage internet and media providers.
Insurance Negotiate and manage medical, dental, and life coverage, obtain other insurance including commercial liability blanket policies  enabling office space lease, and others.
Other Business Services Set up and maintain a business accounting system, a benefits and payroll provider, and overnight mail services.

– Mark Hamby, Managing Partner, CEO, Highland Partners Financial Services

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