When you’ve decided your dental practice needs a different space, there are several factors you should keep in mind to help you make the right choice.
Know Your Space NeedsFirst, you should consider your space needs. Specific details that may affect the practice’s choice...
When you open a new dental practice, you will need to decide what legal structure to use for the business. The choice of entity structure can have several critical implications for dental startups, including liability protection, tax consequences, and options for growth and investment.
Common Entity Options for...In the dental field, dental support organizations (DSOs) provide non-clinical administrative support to practices. Many dentists partner with DSOs to handle the business side of their practices so they can focus on patient care.
In recent years, there has been an increasing trend of DSOs acquiring dental practices. Dentists...
During the process of negotiating an associate buy-in, parties have various legal issues they will need to address. Developing a checklist can help them avoid overlooking important details.
Understanding the Buy-In AgreementAn associate buy-in agreement allows a dental practice owner to let associates...
As a dental practice owner, you may have a choice between filling your staff with employees or independent contractors. However, before you make a hiring decision, you should understand the differences between employees and independent contractors and the legal and financial implications of those differences.
Understanding the DifferenceNewer dental practices may seek outside investment to finance continued growth, such as through opening new locations. However, practice owners should familiarize themselves with best practices to follow when selling equity.
Understanding the Type of Entity You’ve FormedThe first step in bringing on investors...
Non-dentists generally cannot own or control a dental practice directly in states that follow the corporate practice of dentistry doctrine. However, many states allow non-dentists to participate legally through management service organizations (MSOs) or related business structures. Understanding your state’s rules...
Picking a name for your dental practice can help you stand out and gain recognition in the market. However, another dental practice may already operate under a name you want to choose for your new practice. Can two dental practices have the same name?
Understanding Trade Names and...Before you can start a new dental practice, you must first meet various licensing requirements, including obtaining appropriate licenses from the state dental board. You may also need additional licenses or permits to start the business and open a dental office.
Understanding the Role of the State Dental...Successful businesses have strong brand identities. Creating this identity is important, but so is legally protecting it. Domain names, social handles, logos, and other intellectual property (IP) are cornerstones of your dental practice. Your brand influences how you market your business and how your current and potential patients perceive you and the...
