by roehmchris | Jul 18, 2018 | Practice Sale
Most dentists will need to buy a practice with assistance from a bank. Understanding how banks lend will greatly increase a buyer’s chances of receiving funding for their desired practice. One common misconception is that Buyers need cash or collateral to pay... by roehmchris | Jul 17, 2018 | Practice Protection
Dental Entity Formation As with most things each entity has its pros and cons. Below is a list showing how each entity differs. Sole Proprietorship Least initial cost Maximum Personal Liability Personal Taxation One member needed No associated lettering Partnership... by roehmchris | Jul 14, 2018 | Practice Sale
It is best when selling your dental practice to sell BEFORE you are ready to retire. Selling when the practice is most productive at its highest value means not waiting until you are on the downside. The selling dentist may always continue to practice for the buyer or... by roehmchris | Jul 13, 2018 | Associate Agreements
One of the biggest anxieties a dental practice buyer will face is whether to employ the seller after closing. Dental school taught dentistry, but not the “business of dentistry.” Your seller might be your best mentor. Instead of letting that resource walk... by roehmchris | Jun 20, 2018 | Associate Agreements
You’ve hired an associate. Which is great for increasing production and lightening the load. You’ve come to an agreement on hours and compensation. So, what else is there? Doctors are familiar with the Dental Practices Act as it governs the rights and obligations of...
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