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An accountant recently wrote an article appearing in a dental magazine suggesting that all dentists should plan to work at least five years beyond their planned retirement date...
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The destructive power of adversarial negotiations.
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Mary Smith was a forty-two year old office manager who had been working for Dr. A for the past twelve years. Mary enjoyed a good salary and benefits from her job. She and her husband had purchased a new house a few years before, and her children were approaching college age. As a result, her income was necessary to support her family’s current lifestyle, and she felt she had job security for as long as Dr. A remained in practice.
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Ask The Experts
Absolutely. The best thing the owner of a practice can do when he wants to sell his practice (and has an associate with no contract working in the practice) is to offer to pay $5000 or $10,000 to the associate as consideration for a restrictive covenant that can be transferred to a new purchaser.
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There are many different reasons for what seems like a perfect transaction to go bad.
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