Joint Ventures: What You Need to Know Before Partnering with Another Dental Business
As a dental practice owner, you always look for ways to grow your business and better serve your patients. One strategy to help achieve these goals is forming a joint venture with another dental practice or related business. By pooling your resources and patient bases, a well-structured joint venture can create a whole greater than…
Responding to Employee Allegations: A Legal Guide for Dental Employers
As a dental practice owner, you strive to create a positive and productive work environment for your employees. However, allegations of misconduct, discrimination, or employee mistreatment can disrupt even the most pleasant workplaces. Facing such accusations is never easy, but how you respond can have significant legal and reputational consequences for your practice. The key…
How to Protect Your Dental Business from Defamation Lawsuits
As a dentist, your professional reputation is one of your most valuable assets. Patients trust you with their oral health based on your experience and integrity. A false accusation or negative review can seriously damage that hard-earned reputation and harm your practice. In today’s digital age, where online reviews and social media comments can spread…
Common Causes of Dental Partnership Disputes and How to Resolve Them Legally
Forming a dental partnership can help dentists share costs, support each other’s growth, and build a successful practice together. But it’s not always easy for partners to work together smoothly. Disagreements and disputes frequently arise that can threaten the partnership and the dental practice. The good news is that an experienced dental lawyer can resolve…
Dental Business Risk & Insurance
Dental practices must protect themselves against business risks. Many things can go wrong in the dental industry, and you must prepare for the unexpected. If you do not have the proper insurance, you can risk your entire dental practice. Never hesitate to discuss your risks and insurance needs with a dental business attorney. They can…
Recent Trends in the Dental Industry Impacting DSO Transactions
In today’s rapidly evolving dental marketplace, navigating DSO transactions requires legal knowledge and skill. A dental business lawyer can provide critical guidance on practice valuation, transaction structures, and contractual protections that safeguard your interests. While today’s market opportunities may be attractive, the long-term implications of these decisions demand careful consideration and legal counsel. Working with…
Can You Have an Oral Partnership Agreement?
This is a common question from dentists considering partnerships. While oral agreements can be legally binding, dental business attorneys strongly advise against them for dental practices. When working with dental partnerships agreement, lawyers have seen how oral agreements lead to serious problems. Even if you trust your dental partners inside and out, and believe their…
Picking the Right Business Entity for Your Dental Practice
For dentists, choosing a business entity can have significant implications on your practice. From liability issues to the ability to grow your practice, the decision of one entity over another can have wide-ranging ramifications. You went to dental school, not law school, making it difficult to address complicated and high-stakes legal decisions. Fortunately, an experienced…
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…
Do 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,…
Avoid 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…
Associate 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…