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…
For many dentists, becoming a practice owner is the natural transition after gaining at least a few years of clinical experience. When done right, starting your own practice can be both professionally and financially fulfilling. However, the road to practice ownership can also be overwhelming, especially if you don’t set…
For many new dentists, a dental associate employment agreement is the first of many legal documents a dentist will encounter in their long career. A well-drafted associate agreement will outline the parties’ obligations and the expectations of the working relationship. These are legally binding documents, so it pays to understand…
Location, location, location. It’s an old adage that especially applies to dental practices. Many dentists work tirelessly to secure a good location for their practice. Either because they want a short commute, great visibility, less competition, or all of the above. Unfortunately, most dentists stumble on a crucial step —…
I recently attended a memorial service for a good friend’s dad. I didn’t personally know his father but listening to my friend speak so eloquently at the service, I couldn’t help but be moved. In a few short minutes, he seemed to have captured the essence of his father’s life,…
