I recently had a consultation with a 62-year-old dentist who owned a dental practice that had been recently appraised for $750,000 (let’s call him “Dr. A”). The practice was free and clear of any liabilities, so this amount represented Dr. A’s net equity in the practice. Also, Dr. A had accumulated about $1,000,000 in savings over the years, and when that amount was combined with his practice value, the total could enable him to retire in the not too distant future.
Read More

A practice is a business. This is becoming more apparent to dentists every day. A practice is made up of an office, a doctor, a staff and patients. A practice brings in income, pays expenses and (hopefully) makes a profit. Income must exceed expenses to make a profit. A practice must be profitable to stay in business, etc., etc., etc.
Read More