Hire a Dental Attorney in San Diego to Buy a Dental Practice
Buying a dental practice is one of the most critical financial decisions a dentist will make! If you are about to buy a dental practice, the read this write up to find the best tips to make the process easier. Visit https://odgerslawgroup.com/ for more information.
Buying a dental practice is one of the most critical financial decisions a dentist will make! If you are about to buy a dental practice, the read this write up to find the best tips to make the process easier. Visit https://odgerslawgroup.com/ for more information.
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odgerslawgroup.com
Are you look<strong>in</strong>g <strong>to</strong> expand<br />
your dental practice?<br />
<strong>Buy</strong><strong>in</strong>g an exist<strong>in</strong>g practice<br />
gives you an immediate<br />
access <strong>to</strong> an established<br />
patient base. Here is a list<br />
of a few tips <strong>to</strong> consider<br />
while buy<strong>in</strong>g a dental<br />
practice.<br />
odgerslawgroup.com
Get your f<strong>in</strong>ances ready as early as<br />
possible.<br />
Build a sound bus<strong>in</strong>ess plan with<br />
realistic numbers if it’s a new start<br />
up. This should <strong>in</strong>clude,<br />
• CV with current <strong>in</strong>come levels<br />
• Summary of your proposal<br />
• Your focus on new premises and<br />
layout<br />
• Proposed work<strong>in</strong>g arrangements,<br />
staff<strong>in</strong>g arrangements and<br />
open<strong>in</strong>g hours<br />
• F<strong>in</strong>ancial forecasts<br />
odgerslawgroup.com
Organize a team of professional<br />
advisers.<br />
Make an <strong>in</strong>dependent practice<br />
valuation report which gives any<br />
potential lenders the majority of<br />
the background <strong>in</strong>formation<br />
that they require.<br />
Before sett<strong>in</strong>g up a professional<br />
corporation, shop and secure<br />
<strong>in</strong>surance policies.<br />
odgerslawgroup.com
Arrange a dental at<strong>to</strong>rney <strong>to</strong><br />
review the dental practice<br />
purchase agreement. Seek their<br />
advice <strong>in</strong> when deal<strong>in</strong>g with<br />
issues with contract transfer.<br />
F<strong>in</strong>d the right lender <strong>to</strong> get<br />
access <strong>to</strong> the full range of<br />
lend<strong>in</strong>g deals on the offer.<br />
Review all of the possible<br />
f<strong>in</strong>ance options and choose the<br />
right deal for you.<br />
odgerslawgroup.com
Once you and the seller have<br />
agreed on all of the terms of the<br />
purchase, schedule an<br />
appo<strong>in</strong>tment with the seller, sign<br />
documents and take ownership of<br />
practice!<br />
F<strong>in</strong>ally, send out a transaction<br />
letter <strong>to</strong> patients say<strong>in</strong>g that the<br />
practice has been sold and<br />
announce yourself as the new<br />
owner. Any subsequent change <strong>in</strong><br />
the service should be mentioned<br />
clearly.<br />
odgerslawgroup.com
Th<strong>in</strong>k<strong>in</strong>g <strong>to</strong> buy a dental practice<br />
<strong>in</strong> <strong>San</strong> <strong>Diego</strong>?<br />
Visit odgerslawgroup.com<br />
Call: 858-869-1114
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