Thinking of purchasing a dental practice? Purchasing an existing and established dental practice can have many perks. There may be a sizeable and well-settled client base as well as trusted staff members, efficient systems in place, and much more. Before you purchase a practice, however, due diligence is critical. You do...
Common Mistakes Dental Practices Make When It Comes to Risk
Investing time and resources in risk management practices can bring great benefits to your dental practice for little expense. Unfortunately, far too many practices fail to put the work in at the front end of things and end up facing the consequences further down the road. Here, we will look at some...
Partnerships Agreements for Dental Professionals
There are a number of reasons why more than one dental professional would want to work together and form a dental partnership. Profits are shared, but so are expenses, in a partnership. While there are some benefits to entering a dental partnership, dental professionals considering such an arrangement should be aware of...
Choosing the Right Location for Your Dental Practice Startup
Location. Location. Location. When it comes to starting any kind of business, location selection is critical and can have long-term consequences for the success or failure of your business. Dental practice startups are no different. Choosing the right location for your dental practice startup is essential. Time and care should be...
What to do if You are Thinking of Selling Your Dental Practice
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...
