The Negotiation and Letter of Intent Process
As a dental practice owner, you may find yourself needing to negotiate business deals or draft a letter of intent (LOI). These processes can be complicated and intimidating, especially if you’re unfamiliar with the legal aspects. Below, a dental business lawyer will dive into the negotiation and letter of intent process, providing you with valuable…
Dental Practice Buy-Ins: Legal Considerations
Are you a dentist looking to buy into an existing dental practice? Buying into a practice can be an exciting opportunity to become a practice owner, grow your career, and build long-term wealth. However, dental practice buy-ins also involve legal considerations that require careful planning and guidance from a dental practice purchase agreements lawyer to…
Preparing to Transition a Dental Practice: Common Legal and Business Mistakes and Misconceptions
Are you a dentist thinking about selling your practice or bringing on a new partner? Transitioning a dental practice is a major decision that affects your career, finances, and legacy. While exciting, it can also contain potential pitfalls if you’re not careful. Many dentists make avoidable mistakes or have misconceptions that lead to headaches down…
Things Every Employer Should Be Considering in Dental Associate Agreements
If you own a dental practice and are thinking about hiring an associate dentist, there are many important things to consider as you structure the employment agreement. A well-crafted associate agreement can set expectations, provide clarity, and help prevent disputes down the road. Conversely, an agreement that leaves out key details or includes unfair terms…
Dental Practice Start-Ups and Practice Transitions
Starting a dental practice or transitioning to a new one can be an exciting and rewarding experience, but it also comes with its fair share of challenges. From finding the right location to navigating legal and financial hurdles, there are many factors to consider when embarking on this journey. In this blog, a dental practice…
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…