Final answer:
To start a new pharmacy with a partnership, the applicants need to submit an application package to the Board of Pharmacy which includes a partnership agreement, personal information of partners, a business plan, liability insurance, and financial statements. Licensing for pharmacists and compliance with local regulations are also mandatory.
Step-by-step explanation:
To start a new pharmacy as a partnership, applicants typically need to submit a comprehensive application package to the Board of Pharmacy. This package usually includes a partnership agreement, personal information of all partners such as background checks and education credentials, a business plan detailing the setup and operation of the pharmacy, evidence of liability insurance, and any necessary financial statements. You may also need to show compliance with local zoning laws, and provide proof of a secured physical location for the pharmacy.
Additionally, all pharmacists involved in the partnership must be licensed to practice in the state where the pharmacy will operate. It's important to consult the specific state's Board of Pharmacy regulations because requirements can vary from state to state. This is an essential step in ensuring that the pharmacy will be legally allowed to operate and dispense medication.