Selling your dental practice and moving into retirement is often the biggest decision of your career. The following top 10 tax tips highlight key planning areas that can help to manage taxes after you retire.
Jackie Joachim, COO of ROI Corporation, and Dr. Soll discuss the current state of the dental practice market, providing insights for any dentists looking to buy or sell a practice in the near future. Jackie also discusses interest rates and how the CDCP may be affecting offers. Newcom Media Inc · Episode 34 – Dental … Read more
Eric Pook from Cirrus Consulting Group joins Dr. Jordan Soll to discuss the complexities of dental office lease agreements and how lease agreements are often overlooked, despite being a significant financial commitment and impacting practice value. He advises dentists at all career stages to seek professional help to protect their assets and ensure smooth transitions. … Read more
A dentist sells their dental practice for (hopefully big) money. A significant chapter of their life has ended, and another one has just begun. But now what? In this article, we look at what dentists may want to do if they did an ASSET sale – meaning their dentistry professional corporation (“corporation”) sold the dental-specific … Read more
For every practitioner, there comes a time when they realize it is time to let go of the reins. For me, it was after 48 years of “riding the horse” of a successful, private, fee-for-service general practice. I had an associate I thought would buy the practice. My lease was coming due when I thought … Read more
Dental lawyer Michael Carash interviews retired dentist James Vassallo on the most challenging aspects of selling his practice. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week!
Dr. James Vassallo and Michael Carabash discuss the three major things to consider before you begin the process of selling your practice. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week!
Over the last few decades, clinic ownership within dentistry has changed drastically. The dental clinic of yesteryear, offering a model of solo practitioner along with an associate or two, has taken a back seat within the industry. Driving this change are younger dentists that wish to have more mentorship with colleagues and want to avoid … Read more
Michael Carabash, DMC LLP, shares what will happen to your dental team if you are selling your practice and what you need to do to prepare for the situation. Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week!
Dentistry as a profession has experienced much change in the past five years. The economy has also changed immensely in that period. Following suit, the value and sale price of dental practices in the Canadian marketplace has also seen the pendulum swing in both directions. A rise in values as interest rates fell in 2020 … Read more
This week Dr. James Vassallo joins Michael Carabash to discuss why he decided to retire from dentistry. Stay tuned for more clips from this interview! Subscribe to Oral Health’s weekly e-newsletter to have the latest episode delivered straight to your inbox every week!
This time comes for every dental practice owner – the time to sell your practice. Whether you are selling your practice to completely retire or to step away from owner responsibilities while still practising, there is much to consider when selling your business. The two most popular reasons our readers would consider selling their practice … Read more
Two, Four, Six, Eight! Maximize and Appreciate! As the adage goes, “failing to plan can mean planning to fail.” As health care entrepreneurs, we are responsible for the creation of our own retirement pensions through a career of hard work, smart planning, and effective strategies. Planning for the day when we elect to hang up … Read more
Many are asking great questions about corporate buyers and the effects of the rising interest rates and inflation on practice values. The market continues to expand as corporate buyers, like traditional ones, see the value in healthcare. I may sound like a broken record, especially now that we are two years past those initial dark … Read more
Our limited time becomes increasingly apparent the further on we progress in our careers. Yet it can become an abstraction when a large offer to purchase your practice is being placed in front of you over the course of a compelling sales pitch that can sometimes be months or even years in the making. The … Read more
Commercial air travel is safer with every passing decade.1 Advancements in mechanical, operational, and technological design contribute to an ongoing trend in risk reduction of mortality in the airline industry. That risk is now approximately 1 in 8 million passengers.1 Regardless of how small a given risk, it behooves any industry to continually strive to … Read more
Your practice is your baby. Even if you purchased it from another dentist, you still put in the hard work to make it your own. You’ve toiled, fretted and challenged yourself to reach new heights. And now it’s nearing the time to move on. When the time comes for selling, it is critical that realistic … Read more