Get it in writing. You have likely heard this phrase at some point in time and it should resonate with you in many aspects of running your dental practice. For instance, if you are leasing a space for your practice, you should seriously consider getting a written lease. While verbal, handshake agreements...
What to Consider When Buying a Practice with Real Estate
Are you looking to buy a new dental practice? Have you considered purchasing real estate along with the new dental practice? Buying a dental practice and the attached land can be a great way to grow an existing dental practice or build a new one of your very own. Regardless of...
Preparing Your Dental Practice for Sale
Have you been thinking about selling your business practice? It’s a big decision. If your thoughts have been drifting to this decision more and more, it may very well be time to start preparations. Selling a dental practice after all will involve a rather extensive process to help ensure that it...
What Questions Should You Be Asking Prospective Dental Practice Associates?
Are you looking to bring another associate into your dental practice? It can be an exciting time as you look to grow your practice and bring in fresh talent. Hiring a dental practice associate can also be, however, a particularly arduous task. The long slog through resume piles and the narrowing down...
Negotiating Dental Associate Contracts
An important part of establishing or growing your dental practice is hiring trusted dental associates that support your vision and provide quality service to patients. To help protect your rights and your business, a solid dental associate contract will be important. A comprehensive dental associate contract can also be an essential...
Creating a Business Plan for Your Dental Practice
Any business should have a plan. Business plans help guide the ship that is the business and set forth concrete steps to develop and grow a thriving business set up for long-term success. A dental practice is no exception. When you are starting out your dental practice, be sure to create...
What to Look For In Your Dental Practice Lease
To any business owner, a lease agreement is one of the most important contracts that will need to be signed. Dental practice owners are no exception to this. Getting the right lease in place with favorable terms is a foundational step to setting up your dental practice for continued success and minimal...
How to Choose the Right Location for Your Dental Practice
Among the many important decisions, you will need to make when establishing your dental practice, choosing the right location for your business is somewhere at or near the top of this list. Think about the importance of location and the fact that you will likely have that location for a long...
What to Include in Your Dental Practice Partnership Agreement
Dental partnerships are on the rise as more dentists choose to partner with others as opposed to opening up a solo practice. The diffusion of costs and potential for an expanded client base make partnerships attractive to many despite the loss of independence that can only come with a solo dental...
What Entity Formation Should You Choose for Your Dental Practice?
Just like every other business out there, one of the first decisions a new dental practice needs to make is how the business should be structured. If you are reevaluating your dental practice needs, it may also be a good time to reform the practice as a different type of business entity....
