Dental practice transitions, whether through a sale, acquisition, or merger, are complex processes that involve careful planning and evaluation. A comprehensive due diligence checklist is vital for making this process easier. It helps streamline the evaluation, ensuring nothing is missed during the transition. The checklist will guide buyers and sellers through each assessment area, from […]

Due diligence is one of the most important jobs for dentists buying a practice It’s the act of verifying that the representations made to you by the seller and his agents about the assets and liabilities of the business are true. Financial due diligence takes many forms, but one of the most important steps in […]

Basic Understanding of Key Dental Practice Purchase Agreement Elements What Is a Dental Practice Purchase Agreement? A dental practice purchase agreement is a legal contract that defines the terms, purchase price, asset allocation, tax treatment, and conditions required to complete the sale of a dental practice. Understanding key elements in a dental practice purchase agreement […]

Contracts, and the negotiations that surround them, are a significant part of the dental transition process. The most common contracts include the asset purchase agreement, real estate lease or sale agreement, and employment contract. Having the right team in place is essential to navigating this area successfully. Types of Contract Agreements for Dental Practices The […]

Due diligence is a phrase becoming more commonly used by buyers in the market. However, it does mean different things to different people. Typically, when marketing a practice, prospective buyers visit the office and meet the seller. If they are interested, the broker will send financial statements and additional data. This is enough to make […]

Consider the Tax Consequences When Buying and Selling a Dental Practice Calculating dental practice taxes can be one of the easier things to deal with during dental practice transitions. This is said because dollar amounts can be planned and calculated. As a buyer, you are likely going into the decision of purchasing a practice while […]