Strategies for Success Library
PrintableArticles for Practice Acquisition
Featured Articles
Sole Proprietorship vs. Incorporation
- By Jason Wood
- Published 08/14/2008
- Financial Planning - Taxes , Practice Start-Up , Practice Acquisition , Dentists
When buying or starting a new dental practice, a dentist must make an election as to what form of entity will own the dental practice. This decision can have serious legal and tax ramifications, and should be made before the practice is open for business. The intent of this article is to highlight the pros and cons of operating the dental practice in either a sole proprietorship or corporate form.
Purchase Agreements: More Than Meets The Eye
- By Robert Blass
- Published 08/22/2007
- Practice Acquisition , Dentists
Purchase agreements do not make for sizzling summer reading, but they go a long way to providing legal protection when buying a dental practice. Not surprisingly, doctors tend to focus on purchase price and basic business terms. But purchase agreements also address many less obvious, but equally important, legal issues.
Selecting the Right Lender for Your Practice Acquisition
- By Peter Ackerman
- Published 07/31/2007
- Practice Acquisition , Dentists
You’re ready to purchase a practice – but where to go for practice financing? Acquiring a healthcare practice is one of the most significant investments you’ll make in your entire career, so choosing the right lender to help you finesse this complex transaction is a critical first step in the process. The choice you make can impact the terms you receive and the quality of the entire financing process. And since your lender will be a critical member of your acquisition team, you’ll want a financial partner who will work with you to help create the business success you’re striving to achieve.
Negotiating Your Lease Letter of Intent: From Heartache to Triumph
- By Patrick Wood
- Published 07/9/2007
- Dentists , Practice Acquisition
Put down the pen! Before you sign the letter of intent for your dream office, it’s important to closely examine what you are about to sign. Like the sirens of Greek mythology, the letter of intent is written to ensnare you before you fully understand the consequences. Below are the areas you need to watch out for to ensure you complete a favorable lease agreement.
Planning A Successful Transition - Making People Your Priority
- By Henry Yoo
- Published 07/9/2007
- Practice Acquisition , Dentists
Like a successful practice, a successful transition is achieved by thorough consideration of three main areas: People, Process and Products. By People, I include both staff and patients, without whom the finest technical expertise, marketing tactics and equipment is useless. Sadly, this area is the most neglected of the three, affecting everything from the quality of patient care to your professional satisfaction and financial health.