L356 - Creating a Successful Dental Partnership: Lessons Learned from 35 Years of Practice Transitions

Dental practice partnerships and transition opportunities are not just about dollars and cents. This lecture presents information on how to create a successful partnership that is fair and equitable to both parties. It illustrates what doctors need to know about the significant tax advantages a transition can have for both the buyer and the seller, offering the potential for a win-win situation.

This lecture provides a thorough outline of the key considerations when contemplating a partnership. In today’s environment, finding an appropriate value for the practice, and somebody who wants to buy it is simply not enough.

Sellers need to identify when they are financially ready to sell, as well as the effect the sale will have on their financial future and earnings. Buyers need to understand the financial impact a purchase will have not only today, but years into the future.

With important variables like purchase price, when and if to use bank financing or owner financing, how the money will be split, how to terminate the deal if something goes wrong, and what type of pension plan needs to be in place, this lecture offers participants a clear path to plot their next move.

Fee:
October-December: $90
January-February: $130