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…
Important Considerations When Forming Dental Partnerships
Forming a dental partnership is a significant step in any dentist’s career. It involves combining skills, resources, and visions with other professionals in the field. This collaboration can lead to enhanced patient care, shared responsibilities, and potentially, a more prosperous practice. However, the process of forming a partnership requires careful consideration and planning. Always consult…
Types of Dental Partnerships
If you’re a dentist looking to join forces with others in your field, it’s important to understand the different types of partnerships available. Each type offers unique advantages and operates in a way that can significantly impact your practice and professional journey. If you are deciding whether to enter a dental partnership, always consult an…
What Is an MSO and a DSO?
In dentistry, two acronyms often pop up: MSO and DSO. For dentists and dental professionals, understanding these terms is key to effectively handling the business side of their practices. Let’s break down what MSOs and DSOs are and how they can play a role in the success of a dental practice. Consult an experienced MSOs…