Broker
Resource Library: Transitions
Make smooth ownership transitions that keep your team and patients confident.
-
A Three-Phase Plan for your Dental Practice Transition
My brother is a huge planner, but my spouse is incredibly spontaneous; this sometimes makes the agenda for a family reunion downright comical. Yet as I have gotten older, I have come to appreciate my brother’s thoroughness when thinking about the future. When we arrive, we have a tee time or we have a reservation… -
Perfect Timing for your Dental Practice Transition
When should you start planning to sell your practice? Remarkably, many dentists wait too long before taking initial steps toward a productive dental practice transition. Many doctors operate under the false assumption that when you sell your dental practice, you must be ready to retire. That’s not always the case. In fact, starting to think… -
The Practice is Priority One: Multi-Partner Dental Practice Transitions
There are many factors to consider when thinking about the possibility of a dental practice transition, especially when selling the practice involves multiple partners. Each partner will likely have different priorities. For example, the exiting partner may be concerned with the maximum gain on their investment while the remaining partner may be thinking about the… -
NAPB: Providing Smooth Dental Practice Transitions
Are you thinking about selling your dental practice? For most doctors, a dental practice transition is something that will only happen once in your lifetime; and characteristically, your dental practice is one of your most appreciated and valuable assets. Many doctors are accustomed to the DIY approach. When I was first starting my practice, I… -
A Seller’s Market – Tips on Transitioning Your Dental Practice
By Katie Hines, Katie Hines Office Transitions It appears we are currently experiencing a seller’s market in the business of dental practice sales. This means elevated values and better overall conditions for those entering the market of dental practice transitions. Why now? Several circumstances are contributing to the current market trends, including limited supply, increased demand,… -
Top 5 Dental Practice Transition Strategies
By Rod Johnston, MBA, CMA of Omni Practice Group Dentists are often so caught up in their day to day grind of running a dental practice that there’s no time to figure out an exit strategy. You do everything from manage the staff to negotiate the lease and, oh yeah, you also do dentistry in… -
Fees and Practice Value in a Dental Practice Transition
By Brannon Moncrief and David McLerran of McLerran & Associates Many dentists claim they don’t have time to apply sufficient attention to business matters such as overhead expenses, supplies, and a marketing plan even before a dental practice transition occurs. Others just admit that they have a hard time getting motivated to give business matters the… -
Dental Practice Transition: “Increasers” vs “ Decreasers”
By Larry Chatterley and Randon Jenson, CTC Associates Doctors are natural born achievers. Pursuing goals gives meaning to their lives. As a goal-oriented person, you probably spend much of your life focusing on professional goals. Early in your career, the responsibilities tied to these goals seem secondary. Once the essential goals have been reached, the responsibility… -
Dental Practice Transitions and Taxes
By Larry Chatterley, CTC Associates Taxes are a fact of life, and an extremely important consideration when considering a dental practice transition or sale. Let’s explore some potential tax mitigation strategies to consider. Stock Sale. If you are incorporated, sale of the stock in your corporation to the dental practice buyer can potentially yield you the… -
Dental Practice Transitions: Funding Your Pension Plan With the Value of Your Dental Practice
By Larry M. Chatterly, CTC Associates Continued growth and success of a solo dental practice is becoming more and more difficult every day. Increased competition, the influx of capitation plans, HMO clinics, advertising retail centers, and an unpredictable economy are making it difficult for dental practitioners to maintain their traditional patient base while trying to improve…