Archive for the ‘Accounting’ Category

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A tax attorney’s advice to dentists

Monday, January 4th, 2010

A DENTAL PRACTICE TRANSITION requires expertise in many different areas of business and the law. I will narrow my advice as it applies to the U.S. federal income tax laws as they may apply in dental practice transitions. Proper tax planning and preparations in the sale of your dental practice can afford the seller of… read more »

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Posted in Accounting, Legal, Selling, Taxes |

Facility leasing issues during transition

Friday, December 11th, 2009

PRACTICE TRANSITIONS often require buyers to deal with leased facilities and a host of unfamiliar issues. Stability is the name of the game in a transition, so leaving a practice in its current location is wise. This does not mean you’re stuck without options on the lease of the current facility. The seller has one… read more »

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Posted in Accounting, Buying, Legal |

Trauma in the practice purchase ER

Wednesday, November 4th, 2009

If you’ve ever watched one of the popular trauma ER documentaries, you’ve probably thought, “I’m glad that wasn’t me!” After reading these actual practice purchase traumas, you may think, “I’M GLAD IT WASN’T ME.” FUTURE SALE DATE: A practice had $300K collections. Nearby, a young dentist agreed to buy the practice to merge it into… read more »

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Posted in Accounting, Buying, Legal, Valuations |

Growth by acquisition

Friday, February 6th, 2009

In these difficult economic times, one of the best ways to grow your practice is “growth by acquisition.” Growth by acquisition is a strategy to increase your patient base by acquiring another practice and merging it with yours. The best candidates for this strategy are practices small enough to comfortably accommodate additional patients, and those… read more »

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Posted in Accounting, Buying, Practice Management |

Feature Article: I’m losing money on my associate

Friday, February 6th, 2009

Recently, I structured an equity development plan — our safer alternative to partnerships — for a practice owner and an associate dentist. I assumed that they were happy and doing well until I received a call from the owner that the associate was making too much money and the owner was losing money. Apparently, while… read more »

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Posted in Accounting, Associateship, Practice Management |

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