If you have decided to sell your dental practice or are even considering selling your dental practice, there are a lot of other decisions and considerations that you are going to need to make and account for along the road ahead. The sale of your dental practice is likely to be...
How to Calculate the Value of Your Dental Practice
If you are thinking of selling your dental practice, determining an accurate valuation of your practice will be critical. This should be done well in advance of putting your practice on the market and meeting with potential buyers. Getting to an accurate figure for your practice’s value can be somewhat challenging and...
Best Compliance Practices for Dental Providers
Dental providers must remain compliant with labor laws, privacy laws, and health and safety laws. Noncompliance can cause a number of headaches for practices and they are easily preventable when there are sound systems in place. Here, we will go through some of the best compliances practices you should consider adopting if...
What Business Entity Works for Your Dental Practice?
A dental practice is, after all, a business. As such, there are critical business decisions that will need to be made, many of which will need to be made at the practice’s formation. From inception, there will be choices you will need to make that will have powerful implications for how the...
What to Do If Your Practice Receives a Demand Letter
Receiving a demand letter is never a pleasant experience. Despite how you might feel about the contents and the validity of said contents of a demand letter, it is important that you take proper steps to address it before it evolves into a legal nightmare. If your practice receives demand letter,...
Successfully Negotiating Your Dental Office Lease
Your dental office lease can have a profound impact on your practice as well as your practice’s value. Among other important terms, your lease will establish the rent you will pay, your responsibility regarding upkeep and upgrades made to the property, and your ability to renew your lease. Do not miss out...
A Fair Purchase Price for Buying a Dental Practice
It goes without saying that the sale price is a critical factor to consider when either buying or selling a dental practice. If selling, you want to be sure that your asking price is competitive and can be backed up when potential buyers come inquiring. When you are looking to buy...
Developing a Solid Dental Practice Business Plan
To help set your dental practice up for success, having a business plan can be critical. You may be starting your dental practice from scratch or you may be buying an existing practice. While considerations for these scenarios may vary slightly, the fact remains that you should have solid dental practice...
Writing Effective Standard Operating Procedures for Your Dental Practice
Standard operating procedures are critical to help ensure your dental practice runs smoothly, safely, and efficiently. These are documents that should provide explicit, detailed directions on how certain tasks should be completed every time. Not only can strong standard operating procedures help foster healthy communication in your dental practice, but they can...
Important Terms When Buying a Dental Practice
If you are looking to buy a dental practice, there are some important considerations you will want to pay attention to during the process. Buyers and their brokers can easily get distracted by the purchase price and fail to focus on other things that can be equally important or even more...
