While we are now nearly 3 months into the shutdowns and practices are now more fully opened, the path forward still remains unclear.  Will patient volume decrease, will more closures occur in the coming months or year, will my receivables increase?  These are some of the common questions that dentists are currently grappling with on...
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If you are purchasing a practice, here are the top considerations that every buyer should make when purchasing a practice: Own or Lease the Real Estate Valuation Financing Considerations Stock or Asset Transaction Selling Doctor’s intentions after Closing Assumption of Contracts Opportunities to improve cash flow Representations and Warranties of Seller Accounts Receivables Transition of...
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When you are ready to form an entity for your practice you have two primary initial decisions, which type of entity and, what type of tax election will you make.  A professional limited liability company could be taxed in the following manners – as pass-through, a partnership, an s-corporation, or as a corporation. What Is...
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In a multi-member dental practice, each of the dentists will need consider potential circumstances that would require a discussion about purchasing one of the dentist’s interests. Typical Buy-Out Circumstances Most would immediately consider the most obvious buy-sell event – upon retiring of a dentist.  Other less common circumstances can arise and you need to consider...
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