Junior partnership

A junior partnership provides an opportunity for a buyer to purchase a pharmacy with little or no initial capital and a seller to ease out of ownership and keep the legacy of the independent pharmacy alive in the community (Jackson, 2002). Instead of trying to figure out a way to sell the pharmacy when the owner is ready for retirement, this option allows the current owner to transfer ownership to a buyer, continue to have an income, and prepare for retirement. 

The advantages of ajunior partnership range from less risk and less initial capital needed by the potential buyer to the continued presence of an independent pharmacy to the economic and health care needs of the community. A junior partnership has disadvantages that are similar to those of any partnership arrangement. However, in this situation, because of the established relationship, the chance for both parties to determine compatibility, and the detailed nature of the agreement, ajunior partnership proves beneficial. 

For modern Westerners however, even a junior partnership is a better deal than childlike subservience notice how Maria Sabina s message is couched in parental terms ... 

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