Category Archives: Dental Practice Sales
Merging Dental Practices? How to Do it Successfully
Merging your dental practice comes with tremendous benefits. It typically allows you to reduce your costs and can increase dental care access to patients. Merging practices can also limit competition in the area and combined practices are often more lucrative than solo practices. However, any transition of a dental practice requires careful consideration to… Read More »
Drafting a Partnership Agreement for Your Dental Practice
Partnerships are very common in dental practices. A partnership is a business arrangement in which two or more individuals or entities are responsible for a business’ operations and share in the profits and liabilities of the business. Partners may sometimes enter into a verbal agreement but it is recommended that they draft a formal… Read More »
Do You Have to Keep the Same Structure When Buying a Dental Practice?
There are many things to consider when buying a dental practice. One of these is the business structure you choose. Contrary to what many people think, you do not need to use the same business structure the practice is currently using. However, choosing the type of business structure for your practice is of critical… Read More »
Things to Consider when Buying a Dental Practice
Purchasing a dental practice has many benefits. Buying an existing practice means you will already have an established patient base, cash flow, and relationships with insurance companies, to name just a few. However, there are also many things to take into consideration to ensure that you can continue to run the practice smoothly. This… Read More »
Clauses to Watch Out for in Dental Office Leases
Starting a new dental practice, or even just moving to a new building, is an exciting venture. However, you will likely have to sign a lease. While a lease can provide you with significant protection, there are also certain clauses to watch out for, as they may hurt you in the long run. Below,… Read More »
Tips for Selling Your Dental Practice
Selling your dental practice is a huge milestone, but it requires a great deal of thought and planning. Regardless of whether you are pursuing a new venture, or about to retire, there are important tips that can help ensure a seamless transition. Below, our dental practice sales attorney explains what these are. Obtain a… Read More »