When you’ve considered what you will do when you decide to leave dental practice, you may decide that you do not want to sell your business to a third-party buyer. Fortunately, practice owners have succession-planning options beyond selling the business to a third party.
Why You Shouldn’t Always...When a Vendor Doesn’t Deliver: Legal Options for Dental Practice Owners
Dental practices rely on vendors for everything from equipment and software to marketing and billing support. When a vendor fails to meet their obligations by missing deliveries, providing faulty equipment, or failing to deliver services as promised, it can lead to a costly and stressful disruption of your practice’s regular operations.
How to Handle a Dental Partnership Deadlock: Legal Strategies for Practice Owners
Dental partnership deadlock can happen when co-owners of a dental practice can’t reach a middle ground on major business decisions, and their practice gets stuck as a result. This can occur when there’s an equal split in ownership and no built-in way to break a tie.
Deadlocks don’t always...
Avoiding Hidden Risks in Associate Buy-Outs: Legal Essentials for Practice Owners
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...
