Why Do You Want To Buy a Practice? In my last blog, I outlined some areas to consider when looking to buy your own practice. I will now go into a bit more detail on the initial points raised starting with probably the most important question – Why do you want to buy a practice?…
Buying your first dental practice can at times be a lot like pulling teeth! It’s a big step towards success but an even bigger leap from Associate to Practice Principal. The planning process alone can be daunting, but with just a bit of time and effort, it doesn’t take long to set the wheels in motion.…
Two recent cases have prompted me to comment that there are prospectuses issued by major sales agents in circulation which make statements that are at best disingenuous and they certainly contain traps and pitfalls for the unaware. These generally relate to a significant overstatement of the potential profitability of a business. The key is to…
For some of the practices with which I have had recent dealings the very title of this short article feature will spark alarm as there are some still significant numbers of practices operating that have no written partnership or expense share agreement in place. For others, the documents were either poorly drafted in the first…
If you act as a sole trader you can stop reading now! For those who are in partnership arrangements whether true partnerships or expense sharers or those who operate through limited companies in multiple ownership, have you considered what would happen in the event that one of you became critically ill or indeed died? If…