Archive for the ‘Taxes’ Category

What information do you need?

Tuesday, March 4th, 2008

Not doing due diligence is not a good excuse for finding out poor decisions have been made. Too often, doctors interested in buying, selling, or transitioning a dental practice don’t look at all of the information they should to make correct decisions. My studies have shown that most doctors know what information they should obtain…. read more »

Boomers – Are You Thinking About Retirement?

Friday, February 1st, 2008

Our organization has found that more dentists than ever are selling their practices and moving on to an active retirement or a new vocation. The retirees who postponed their retirement due to the stock market decline post 9/11, the baby boomers who are beginning to retire, and the dentists who are moving to new areas have… read more »

Tax consequences of buying or selling a dental practice

Monday, November 19th, 2007

Before buying or selling a dental practice, great care and planning should be taken to consider the TAX CONSEQUENCES regarding the allocation of the sale price to the various assets involved in the transaction. Typically, the group of assets that would be sold between the selling party and buying party would include dental supplies, furniture,… read more »

For sale: one dental practice

Tuesday, April 3rd, 2007

With a book and a little bit of free time, it is possible for a dentist to perform his or her own electrical work. The problem with this approach to a dental practice sale is that disputes and liabilities resulting from the sale may be more significant than a blown electrical fuse or a little… read more »

Solving the valuation puzzle.

Wednesday, March 9th, 2005

Valuating a dental practice is like solving a crossword puzzle — it requires knowledge in many areas. The purpose for the valuation should be clearly identified, and it usually falls in one of two categories: An ongoing-basis type of valuation, commonly used for the purpose of division of assets for a divorce. Market-value approach, used… read more »