Making an associate into a partial or full owner of your dental practice can feel like a natural step. However, associate buy-outs carry legal risks that can compromise your long-term plans and finances. Understanding the key areas where disputes come up—timing, valuation, and contractual protections—can protect your interests and keep the transition...
Lease vs. Purchase: Legal Considerations for Your Dental Clinic’s Real Estate
Deciding whether to rent a building or purchase your own real estate for your dental clinic can have significant legal implications for you and your practice. It’s essential to consider various factors, including your control over the space, financial and legal liability, build-out viability, long-term stability, and contract terms.
Selling a Dental Practice: Tax Implications Guide
Selling a dental practice requires owners to negotiate various issues during the transaction. Structuring a practice sale also involves consideration of the tax implications of the sale. An experienced dental law attorney can help you understand your options and ensure you’re making the right steps to best meet your needs.
Protecting Dental Records: Malpractice Defense
If you’re facing a dental malpractice claim, your patient’s records can become one of the most essential pieces of evidence you have to defend yourself against the patient’s allegations. As a result, protecting these records is one of the most critical steps you can take as you prepare your defense.
Real Estate Leasing Tips for Dental Practices
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...
Why Entity Structure Matters in Dental Startups
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...Navigating Dental Practice Sales to DSOs
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...
Associate Buy-Ins: Legal Checklist
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...
Employee or Independent Contractor? What New Dental Practices Need to Know
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 DifferenceLegal Tips for Dental Startups Looking to Sell Equity or Bring on Investors
Newer 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...
