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 […]

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 […]

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 […]