We examine seller obligations typically associated with the sales documents and how to mitigate your liability post-sale.
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If you are a dental practice owner, it is only natural to think about what will happen when you die. Planning for the future is unquestionably important.
This is part one of a two-part series examining the most important points a dentist should understand to accomplish a successful transition. There are few moments in the long successful road of your dental career that are more precious (and potentially stressful) than selling your dental practice. The milestone will…
When looking to purchase a dental practice, it is customary for both parties to start the transaction by signing a letter of intent. The letter of intent, often referred to as an “LOI” or deposit agreement, outlines the major deal points of the transaction. It also sets out a timeline…
Leasing a commercial property is the typical option for owners of dental and medical practices. Most doctors don’t have the resources or the inclination to purchase a building when first starting a practice. In contrast to the permanence of buying property, leasing provides you with more options in terms of…
As humans, we often get held up by our differences. Our cultural background, religion, political views, gender identity, or other identifiers differentiate us from each other, but also tend to make it hard to remember what unites us all as humans. What Brings Us Together? When you peel away all…
As a physician, you enter your career with the hopes of helping people improve their health and treat their ailments. However, no good deed goes unpunished. According to the New England Journal of Medicine, “75% of physicians in low-risk specialties and 99% of those in high-risk specialties were projected to…
Starting your dental practice can provide you with freedom and flexibility as a dentist to achieve your professional and financial goals. However, this courageous, crucial step in your professional life also comes with its challenges. One of the major challenges is the financial aspect of your new venture. The high…
You want your office lease to be in your favor not only from the initial signing but also when renewing it with your landlord. In reality, it doesn’t always work out this way, especially when healthcare practice owners are unaware of how to properly extend the lease or the terms…
Making the decision to start your own healthcare practice is very exciting, but it can also be nerve-racking and a journey full of questions. What type of entity should you form? What documentation do you need to get started? How do you know if you’re in compliance, or what steps…