Category Archives: Dental Practice Sales
Questions to Ask Before Purchasing a Dental Practice
As a dentist, purchasing a dental practice is one of the biggest financial decisions of your life. It requires collecting important information about the practice with the same attention to detail that you give your patients. Much of this information can be obtained by simply asking the right questions. Below, our dental practice purchase… Read More »
Should You Lease or Purchase Space for Your Dental Practice?
Perhaps you are just starting to think about opening your own dental practice, or maybe you are planning on purchasing one but the physical location is undesirable. Regardless, you may have also wondered whether you should lease or purchase a space. When making this important decision there are certain factors to consider, including control… Read More »
Succession Planning for Your Dental Practice if You Do Not Want to Sell
When you consider what you will do when you choose to leave your dental practice, you may not want to sell your business to a third party. For example, if market conditions are not favorable at the time you are thinking about leaving the practice, you may not receive full value for it. It… Read More »
How to Transfer Ownership of Your Practice to a Junior Dentist
If you are thinking about retiring or taking on a reduced role in your dental practice, you may have already considered passing it on to a junior dentist in your practice who wants to have a clinic to call their own. In order to ensure the continuity of the practice and get your successor… Read More »
Important Exit Clauses to Include in Dental Partnership Agreements
Starting or entering a dental partnership is about so much more than sharing patients and office space. You also share long-term goals, risks, and responsibilities. Although you may hope that the partnership will last for years, possibly even decades, circumstances can always change. Due to this, exit clauses in partnership agreements are critical to… Read More »
How to Convert Your Dental Practice from a Sole Proprietorship to an S-Corp
Perhaps when you began your dental practice, you chose to structure it as a sole proprietorship because it is the most straightforward business structure. As your practice grew and you became more profitable, though, you may have found that a sole proprietorship does not offer the protection you need and might be considering converting… Read More »
How to Sell a Dental Practice in Eight Steps
Dentists wish to sell their practice for a number of different reasons, but this does not mean they always know how to go about it. While the process may seem daunting at the outset, preparing for the sale and taking on one step at a time can make it seem easier to manage. Below,… Read More »
Important Questions to Ask Before Buying a Dental Practice
It may make more sense for a dentist to purchase an existing dental practice that is being sold rather than starting on your own from the bottom up. Purchasing an existing practice can provide instant cash flow, existing support staff, and other benefits. However, buying an existing practice has its own potential drawbacks and… Read More »
How to Build a Network when Looking for a Dental Practice for Sale
Purchasing an existing dental practice offers many advantages compared to starting one from the ground up. While finding the right opportunity can take time and effort, understanding where to look and how to connect with potential sellers can make the process much smoother. Building strong professional relationships within the dental community where you plan… Read More »
Steps When Selling Your Dental Practice
Selling your dental practice requires careful planning, but you can get the best price and ensure a smooth transition if you follow a structured process. Whether you are selling to an outside dentist, a business partner, or an existing associate, you must follow many of the same steps. You can reduce the stress involved,… Read More »