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…
The Federal No Surprises Act and its Impact on Dentists
The Federal No Surprises Act is legislation that aims to protect patients from surprise medical bills, specifically those resulting from out-of-network care. While this act primarily applies to healthcare providers such as hospitals and physicians, dentists are not exempt from its effects. The complications lie in the fact that dental treatments can often involve a…
Do I Really Need a Partnership Agreement for My Dental Practice?
Starting a dental practice can be a promising endeavor, but it also comes with its fair share of concerns and potential challenges. One important consideration is whether or not you need a partnership agreement for your practice. While not legally required, a partnership agreement can provide essential clarity and protection for all partners. This agreement…
DSO Versus Private Buyer Transactions
Dental Service Organizations (DSOs) provide support services to dental practices, such as staffing, administration, and marketing. When a dental practice wants to sell, they have the option to sell to a DSO or a private buyer. The decision to sell to a DSO or a private buyer can have significant implications for both the selling…
Keys to Maximizing Your Outcome in a DSO Affiliation
Affiliating with a Dental Service Organization (DSO) can be a complex process with many factors to consider so you maximize the outcome of the affiliation. From financial considerations to practice management strategies, dentists must carefully assess and approach the various aspects of a DSO affiliation. It is imperative to have a comprehensive understanding of the…