Many areas of Texas have seen significant population growth recently, increasing the demand for high-quality dental practices. Providing patients with excellent dental care is important to succeeding as a dental practice owner. However, there are many other aspects of managing a dental practice you’ll need to manage, including finding a location, employment matters, and safely managing patient information.
Working with an attorney can be very beneficial if you are considering starting or purchasing a dental practice in Texas. At Mahan Dental Law, we are well-versed in helping dentists establish and successfully manage dental practices throughout Texas. Many of our attorneys are dentists, giving us a unique insight into managing a dental practice successfully.
Buying a Texas Dental Practice
Whether you are just starting out as a dentist or you’re prepared for a career transition, purchasing an existing dental practice can help you meet your goals. Mahan Dental Law regularly works with new and experienced dentists to pursue growth opportunities. If you would like to purchase an existing dental practice, we can help you narrow down a location and identify a target practice area. After we locate a location that meets your needs, we will guide you through every aspect of purchasing the dental practice.
Once we identify a profitable, established dental practice, we will begin to negotiate the purchase agreement terms. Our business attorneys have extensive experience structuring dental practice transactions and conducting thorough due diligence. We also work with financial experts to carefully determine the practice’s value. Will work with you to complete all the necessary legal documents, such as the purchase and sales agreement and the non-compete, confidentiality, and non-solicitation agreements. We will work diligently to negotiate a fair and thorough purchase agreement that protects your rights.
Selling a Texas Dental Practice
If you’ve worked to build up a profitable dental practice for years or even decades, selling your practice can be a major decision. It may also be the most significant financial transaction of your lifetime. Working with an experienced dental practice attorney can help ensure you receive the most compensation possible for your dental practice. We understand that your legacy in your financial future is at stake and will always protect your best interests.
For many sellers, concerns about determining the value of their dental practice are at the forefront. Mahan Dental Law regularly works with financial experts to appraise and price dental practices. We can also help you engage in market outreach to promote the sale of your practice and help you find a buyer through our network of lawyers, brokers, and dental professionals. Will help you negotiate the terms of the agreement, prepare all of the necessary documents, and work towards achieving a smooth transition.
Working with a Dental Practice Startup Attorney in Texas
For recent dental graduates and professionals in transition, starting a startup dental practice can be a convenient path to ownership. At Mahan Dental Law, we can help you set up your practice properly and navigate the moving parts required to manage a dental practice skillfully. Working with an attorney to set up your dental practice can help you achieve your business objectives more quickly and effectively.
We will help you develop your unique dental practice vision. Establishing your own practice culture, creating a positive work environment, hiring staff, identifying your patient demographic, and narrowing down your preferred services can help you make your dental practice unique and appealing to new patients. Choosing a location is one of the most important aspects of starting a dental practice.
Mahan Dental Law can help you identify the geographic area and the type of space that will best suit your goals. We can also help you complete a business plan and feasibility studies. We can assist you in forming a legal entity for your Texas dental practice. Finally, we enable clients with their branding and marketing by working with practice management consultants and other marketing professionals.
Providing Consulting Services for Texas Dental Practices
As a dental practice owner, you must contend with various legal and business-related matters while operating your practice. The skilled attorneys at Mahan Dental Law provide consulting services to dental professionals throughout Texas.
We consult with and offer seasoned legal advice on all aspects of owning and operating dental practices. In addition to helping dental practice owners buy and sell practices, we also support them in navigating practice ownership’s regulatory, operational, and legal concerns. Specifically, we provide consulting services for dental clients on matters such as:
- Dental practice management
- Dental practice startup
- Legal and human resource counseling
- Civil litigation
- Governmental compliance
- Practice transitions
- Practice startups
Drafting, Negotiating, and Enforcing Dental Contracts in Texas
Dental practices rely on a wide range of contracts to operate their business. Real estate leases, employment contracts, and purchase contracts are just a few of the many different contracts you’ll need to be part of to operate your dental practice. Mahan Dental Law can help you draft or review a wide range of contracts. We can also help you identify areas of your dental practice that could be improved by implementing contracts.
Lease agreements are among the most significant contracts dental practice owners will sign. Our attorneys can help you make an informed decision regarding your dental lease to get the best deal possible. We will carefully review your lease agreement and ensure you understand your obligations and rights. In many cases, we can negotiate more favorable terms for our employees. We can also help you draft and negotiate dental employment contracts, partnership agreements, and contracts related to dental practice transitions.
Contact a Skilled Dental Attorney in Texas
Mahan Dental Law is a comprehensive dental practice providing Texas dentists effective legal counsel. Establishing and managing a dental practice can be challenging, and our attorneys are here to help you navigate the process effectively. Whether you need assistance forming a partnership or LLC, or you’d like help negotiating dental associate agreements, don’t hesitate to contact Mahan Dental Law to schedule a case evaluation.
