Archive for the ‘Legal’ Category

Returning Patient Balances: The Right Thing to Do

Monday, August 18th, 2014 by ADS - Practice Transitions Made Perfect (TM)

Author’s Note: I received an email not long ago from a dentist in my state regarding credit balances, or money owed patients. Here is the message. Names have been changed to keep identities private. “I don’t know if you remember me or not, but I worked with Dr. Smith several years ago, and I’m currently… read more »

Restrictive Covenants & Nonsolicitation

Monday, March 29th, 2010 by Fred Heppner

There is a need for employers to have appropriate protection in maintaining customer relationships after an employee leaves. In general, courts recognize this. The two basic types of restrictive covenants are “noncompete,” which precludes a former employee from working in the same business as the employer for a certain period of time, and “nonsolicitation,” which… read more »

A Tax Attorney’s Advice to Dentists

Monday, January 4th, 2010 by Frank Brown

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 »

Facility Leasing Issues During Transition

Friday, December 11th, 2009 by Randy Daigler

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 »

Trauma in the Practice Purchase ER

Wednesday, November 4th, 2009 by Steve Jordan

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 »