Archive for October 2024
Types of Dental Transactions
There are several types of dental transactions your practice might consider. These can include buying or selling a dental practice, entering into a partnership or associate arrangement, or even transitioning a practice from one dentist to another. Each of these situations comes with its own unique considerations and legal requirements. Retaining the services of an…
Read MoreDo You Know the Value of Your Dental Practice?
Like any business, determining the value of a dental practice can be complicated. There are various factors you must consider, such as the practice’s financial performance, patient base, equipment and technology, location, and goodwill. Each of these factors can significantly affect the overall value of the practice. Additionally, the valuation process involves analyzing financial statements,…
Read MoreAvoid Legal Pitfalls During Dental Practice Transitions
Dental practice transitions can create exciting opportunities or signify the closing of a chapter. In either case, transitions can involve stressful legal issues. Whether buying or selling a dental practice, you need a lawyer who can navigate the legal pitfalls that can arise during the transition process. One of the main challenges is ensuring a…
Read MoreAssociate Buy-in Deal Structures
Associate buy-in deal structures can be a complex and important aspect of any dental practice’s strategic planning. When considering the addition of new partners or associates, you establish clear guidelines and agreements to ensure the practice’s success and sustainability. By outlining the terms and conditions of the buy-in process, both the practice and the incoming…
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