Why You Shouldn’t Buy a Dental Practice Until You Take These 5 Steps
Are you a dentist thinking about buying your own dental practice? It’s an exciting prospect, but before you dive in, hire a lawyer who focuses on dental practice acquisitions. Buying a dental practice comes with many legal and financial complexities. Without the guidance of an experienced dental practice acquisition lawyer, you could find yourself facing…
Preparing to Transition a Dental Practice: Common Legal and Business Mistakes
Are you a dentist thinking about selling your practice or retiring? Transitioning a dental practice involves many complicated legal and business considerations. In this blog, we’ll explore some of the most common mistakes dentists make when preparing to transition their practice and how you can avoid them with the help of a dental business lawyer.…
Hire a Dental Transition Lawyer Before Buying a Dental Practice
When considering the purchase of an existing dental practice or location, the best step you can take is to consult with a team of legal professionals. Working with a dental transition lawyer, accountant, and banker with experience with dental transitions ensures you make the best choices for you and your future. You can count on…
Obstacles You May Face When Purchasing a Dental Practice
Purchasing a dental practice can be an exciting and rewarding endeavor. It offers the opportunity to build your own business and make a positive impact on the oral health of your community. However, the process of acquiring a dental practice is not without its challenges. From legal complications to financial hurdles, there are several obstacles…
How to Buy a Dental Practice
Buying an existing dental practice can be an excellent opportunity if you’re a dentist looking to expand your practice or venture into new territory. It allows you to skip the challenges of starting from scratch while tapping into an established patient base and infrastructure. But before you jump into the process, you must understand the…
What is Partnership in Dentistry?
Partnerships in the field of dentistry can be a beneficial arrangement for dentists looking to expand their practice, share responsibilities, and leverage each other’s expertise. However, entering into a partnership requires careful consideration and legal guidance to ensure a smooth and successful collaboration. Below, we explore the concept of partnership in dentistry and discuss why…
How to Sell Your Dental Practice
Selling your dental practice requires careful consideration and thorough preparations. Whether you’re retiring or pursuing new opportunities, the process can be complex and overwhelming without the proper guidance. That’s why you should immediately seek the assistance of a dental business attorney who oversees practice sales. Below are some reasons to sell, the considerations and preparations…
CPI Adjustment Clauses in Commercial Dental Leases
Leasing a new commercial space for your dental practice can be an exciting step in growing your business and expanding your patient base. However, all dental practitioners should understand the complexities of the lease agreement to protect your financial interests. Leasing a commercial space for your dental practice goes beyond the basic rental agreement. Various…
How to Choose the Right Dental Attorney for Your Dental Business Transaction
When it comes to the business side of dentistry, having the right legal guidance is crucial. Whether you are buying or selling a dental practice, navigating the complex world of dental business transactions can be overwhelming. This is where a dental attorney comes in. A dental business transaction attorney handles legal matters related to dental…
How a Dental Attorney Can Help You Buy a Practice
Buying a dental practice is a major decision that requires careful consideration and professional guidance. Whether you are a seasoned dentist looking to expand your practice or a recent graduate eager to start your dental career, acquiring an existing dental practice can offer numerous benefits and opportunities. However, navigating the complex legal and financial aspects…
A Dental Attorney Can Draft an Employment Agreement That Prevents Patient Misappropriation
As a dental practice owner, you have invested years of hard work and dedication into building a successful business. You have established a loyal patient base and nurtured relationships with your clients. But what happens when an employee decides to leave your practice and takes those patients with them? Patient misappropriation can be a devastating…
What is an MSO/DSO Transaction?
If you’re a dental practitioner looking to expand your practice or make strategic business moves, you may have come across the terms MSO (Management Service Organization) and DSO (Dental Service Organization) transactions. These transactions are becoming increasingly popular in the dental industry, offering dentists new opportunities for growth and efficiency. However, navigating the complexities of…