A recent dental graduate had an opportunity to purchase a large practice (over $1,000,000 of annual gross income) in his chosen area. The practice represented a once in a lifetime opportunity that would place him years ahead of all his classmates, in both practice size and income. The current owner wanted to change careers and would continue to practice two days a week for a few years while building a new and different business.
Dr. B recently graduated from dental school. He is preparing to go to the bank to borrow funds needed to open a new office and start his practice. He prepared a financial statement showing a negative net worth, but no one could expect him to have accumulated a positive net worth while going to dental school. The community in which he planned to start his practice was his home town. He expected the bank to be enthusiastic about loaning him the money needed to establish a long-term business relat
“You can’t judge a book by its cover” is a well known adage that acts as a warning to look deeper into an advisor’s hidden agenda before buying into their advice. Usually free advice is worth exactly what you paid for it because the advice may or may not apply to you, your life or your objectives.
View more articles
Ask The Experts
A professional corporation is a State chartered and regulated business entity formed for the purpose of conducting a business (or professional practice)...
Just read the following letter sent to us by a dentist who chose to work with a unilateral, seller broker and see his results...
There are many different reasons for what seems like a perfect transaction to go bad.
See more from our experts
Ask our experts a question!