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When Less is More

The government reports that all income earned by taxpayers for that period between January 1st to May 7th of each year (4.25 months) is paid to the government in one form or another as taxes. The average dental practice has a 55% overhead, which means that this taxpayer/dentist/owner works for a period of 6.75 months just to pay the office overhead. When you add up the time it takes to pay the taxes and overhead, it comes to eleven months, which leaves one month of practice income for the family
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Sellers Beware!

We are all familiar with the term “Buyer Beware”, but this article is to inform practice owners of a new threat to their future financial security. This relates to the sale of their practice and the risks involved in dealing with the wrong people.
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Ask The Experts

How do you decide whether to complete an immediate or deferred sale?

Sell now or build to sell? Sell for present value or sell for future value? Commit now, but defer the actual sale until later? Take cash or fund your pension plan with the value of your practice? These are just a few important considerations for a dentist who is thinking and planning for the future.
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What makes a potentially good transaction go bad?

There are many different reasons for what seems like a perfect transaction to go bad.
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What is "Fair Market Value" and how does it apply to the valuation of a professional practice?

The most widely used method for determining practice value is fair market value. The commonly accepted definition of fair market value is the price which a professional practice would produce, allowing reasonable time to find a purchaser, with both buyer and seller having access to full disclosure of information about each other.
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