Are you interested in buying or selling a dental practice in Kentucky, or hiring a new associate? You will have to make crucial decisions and sign legally binding contracts. Dental practice owners face many critical legal matters related to managing a practice. Working with an experienced dental practice attorney can help you make informed decisions and decrease the likelihood of legal problems down the road.
The Mahan Dental Law attorneys have handled hundreds of transactions and legal matters for dentists in Kentucky and throughout the United States. Our attorneys also work with dental consultants and management companies. Mahan Dental Law leverages our deep dental industry connections and knowledge of dental practices to provide our clients with excellent legal representation. Contact Mahan Dental Law to schedule an initial consultation and discuss your case with a skilled attorney.
Buying and Selling a Dental Practice in Kentucky
Buying, selling, or merging a Kentucky dental practice is exciting but requires extensive work and due diligence. Many of the attorneys at Mahan Dental Law are also dentists and understand what it takes to purchase and manage a dental practice successfully. Our attorneys provide guidance to sellers and buyers in Kentucky in connection with every phase of the dental practice transaction.
Whether you’re considering buying or selling a new practice, we can assist you in navigating the due diligence process, preparing the necessary legal agreements, and negotiating the transaction terms. We aim to protect your interests, help you make informed decisions, and advocate for your needs. Specifically, we will help you protect your interests by:
- Identifying an available dental practice for you to purchase
- Handling all communications with the other party and his or her legal counsel
- Negotiating the terms of the deal
- Preparing a letter of intent
- Conducting thorough due diligence
- Arranging for financing
- Closing the transaction
The Benefits of Working with a Dental Practice Attorney
Managing all the issues involved with starting a Kentucky business practice can be challenging for busy dental practice owners. Working with an experienced attorney allows you to focus on growing your practice while ensuring you make informed decisions that comply with relevant regulations. The attorneys at Mahan Dental Law are prepared to provide you with strategic legal advice on all of the following matters:
- Funding and tax issues
- Business entity formation
- Market research and analysis
- Commercial lease negotiation and planning
- Building and zoning compliance
- Licensing and regulatory compliance
Kentucky Real Estate Advice for Dental Professionals
Buying a dental practice involves purchasing or leasing commercial property. Finding the best commercial property for your needs is only the first step in a long process. The attorneys at Mahan Dental Law will help you navigate the local market, land use, and zoning regulations, and we can help you arrange financing.
Our attorneys have extensive experience handling every aspect of commercial property transactions, including drafting and negotiating the purchase and sale agreement. If you haven’t found a commercial property yet, we can help you locate strategic locations in Kentucky to help you grow your dental practice.
Skilled Legal Counsel on a Wide Range of Dental Startup Matters
Starting a dental practice involves multiple considerations. You must select the correct legal entity type and choose a strategic commercial location. You must also adhere to all local and state licensing requirements and secure financing.
You must comply with all local, state, and federal employment laws and develop an employee handbook, policies, and procedures when hiring employees. In addition to the legal aspects of setting up your practice, you’ll need to market your brand and acquire new patients. Finally, you will have to work to protect your business from litigation that could cause significant financial damage.
Drafting and Negotiating Associate Agreements
Dental associate buy-ins are beneficial for the associate and the dental practice. Many dental practice owners engage in associate arrangements to help them decrease their workload and increase revenues. Associates can help you gain needed experience and additional income. It’s crucial that you use a well-drafted, thorough associate agreement. An effective agreement will clarify both parties’ duties, obligations, and rights. The attorneys at Mahan Dental Law have extensive experience drafting agreements that protect our clients’ rights.
Dental Legal Consultation and Retainer Plans for Kentucky Dental Practices
Many of our clients choose to work with Mahan Dental Law through a retainer plan. In addition to providing legal counsel to clients related to startups, sales, and acquisitions, we also provide regular legal counsel through dental consultation and retainer plans. We offer dental practices flat-fee retainer plans that cover all of your legal concerns and needs, such as:
- Legal drafting
- Regulatory compliance
- Contract review
- Employment issues
- Risk management
Choosing a retainer plan can be an affordable way to receive high-quality legal counsel while avoiding hourly legal fees for emails, phone calls, and other legal services. We work to establish long-term relationships with our dental practice clients in Kentucky so we can effectively advise clients through all aspects of dental practice ownership.
Estate Planning and Exit Strategy Planning
If you are considering retiring, selling your practice, or bringing in an associate who will eventually take ownership, Mahan Dental Law is here to help. We will collaborate with you to create an exit strategy to prepare for retirement. We can also help you engage in estate planning to protect yourself, your assets, and your family. Our attorneys will work with you to create a strategy that addresses your unique circumstances and goals.
Discuss Your Legal Matter with a Dental Practice Attorney in Kentucky
The attorneys at Mahan Dental Law work closely with dentists, oral surgeons, periodontists, endodontists, and pediatric dentists. We are keenly aware of dental practices’ unique challenges and work diligently to provide effective, affordable legal representation. Our attorneys are committed to providing legal counsel tailored to each client’s unique needs and goals. Whether you’re facing a legal issue or want to discuss entering into a flat-rate retainer agreement, we are here to help. Contact Mahan Dental Law to schedule a free case evaluation.