Archive for the ‘Selling’ Category
Wednesday, January 26th, 2011
Without a doubt, the most important element in the transition process is COMMUNICATION. Communication between the seller and buyer BEFORE the transition. Communication between the seller and staff DURING the transition. Communication between the buyer and staff DURING and AFTER the transition. Communication between the buyer and seller AFTER the transition. Most problems that surface… read more »
Tags: Communication, Treatment Planning
Posted in Buying, Selling |
Tuesday, January 25th, 2011
For most dental practices, goodwill constitutes the largest component of the practice’s value. A mistake in handling goodwill could cost you thousands or even tens of thousands of dollars in unnecessary taxes when you sell your practice. Giving Uncle Sam your hard-earned money in the form of unnecessary taxes is a costly mistake at any… read more »
Tags: C Corp, Corporate Goodwill, Employment Agreement, goodwill, IRS, Personal Goodwill, practice sale, S Corp, Taxation, Taxes
Posted in Selling, Taxes |
Wednesday, December 22nd, 2010
We all know that DEATH AND TAXES are the only two certainties in life. We also know that when you sell a dental practice, chances are you are going to have to pay income taxes on the sale. What may come as a surprise is that the amount of taxes due can vary widely depending… read more »
Tags: deductions, dental practice transitions, goodwill, IRS, selling a dental practice, selling a practice, selling your dental practice, selling your practice, Taxes
Posted in Buying, Selling, Taxes |
Tuesday, November 9th, 2010
For those of you who practice as C-corporations, the sale of your practice results in a double tax; 35% at the corporate level and 15% at the individual level. Since 1998, advisors have relied on several favorable tax court rulings to minimize this double tax by taking the position that your goodwill is personal to… read more »
Tags: Audits, C-Corporation, Co-Ownership Buyout, Corporate Goodwill, IRS, Personal Goodwill, Value Appraisal
Posted in Selling, Taxes |
Tuesday, November 9th, 2010
A common deal-breaker for some practice transitions is a misunderstanding about determining practice value. The tragedy is that this need not occur if the issue is properly addressed. Among the most common misconceptions about practice value is what percentage of a year’s income is appropriate for determining value? It is very common to hear that… read more »
Tags: dental practice purchases, dental practice sales, dental practice value, practice valuation, practice value, purchasing a dental practice, purchasing a practice, selling a dental practice, selling a practice, selling your dental practice, selling your practice
Posted in Buying, Selling |
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