Doctors are classic entrepreneurs. They are used to doing things themselves, and doing it "their way." When the time comes to sell their practice, they naturally feel that they could do it best since they know the practice better than anyone else does. Surely, it can’t be that difficult to locate a buyer and successfully complete a sale. Who needs to pay a “broker” to sell their practice when all you have to do is place an ad in the journal and answer calls from doctors anxious to buy.
Quality of Life... the ultimate goal of each and every dentist. What is it? Well, it’s different for every dentist but, basically, it can be described as doing dentistry because you want to, doing only those procedures you enjoy, and doing them only on those patients you wish to treat, and only when you want! This is also referred to as “freedom.” Most doctors would prefer to spend less time in the office (rather than more time).
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This is a compounding rule applied to interest and used to determine how many years it takes for an investment to double in value in a tax deferred environment...
Practice equity is a measurement of the net value of your dental practice, which is always based on a percentage of the annual gross collections of your practice.
It has been determined in several previous court cases that goodwill was not a marital asset.
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