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!
It’s no secret that the dental practice marketplace has been in the seller’s favour for decades. With interest rates at an all-time low, practice loan amortization periods longer than they’ve ever been and more buyers than sellers, this is not going to change anytime soon. Finding a prospective buyer for your practice in today’s market … Read more
Every week, our law firm has this same conversation with dentists. Dentist: “Will it hurt?” Lawyer: “A pinch at first. You’ll barely feel it.” Dentist: “What if I leave it alone?” Lawyer: “It’ll eventually infect your entire practice sale.” Dentist: “How much will it cost me?” Lawyer: “Not much up front. But a heck of … Read more
Episode 5 of 6 For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to the financial ones. The decisions taken at this crucial time will have life-long ramifications. … Read more
Episode 4 of 6 For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to the financial ones. The decisions taken at this crucial time will have life-long ramifications. … Read more
While no one can predict the long-term social and economic impact of the COVID-19 pandemic, we have already seen significant job losses and economic turmoil. Dentistry, like most industries, has not been spared. Amidst these challenges, many practice owners are asking themselves if it is still a good time to sell. The answer to that … Read more
Episode 3 of 6 – Stive and Chris point out some of the concerns of dental practice buyers For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in addition to … Read more
Never has the statement that we live in unprecedented times been truer. As of the writing of this article, none of us fully understands how this pandemic will play out. But even in times of unprecedented crisis, experience and basic principles can often help us draw reasonable conclusions about how businesses will likely be affected. … Read more
ABSOLUTELY!!! And here is why. If your ultimate goal is to own your own practice, then do not pass on a good office because of the times we are currently in. An economic crisis can be the best possible time to invest in yourself! As an associate, this could be the moment you buy yourself … Read more
3/3 The Experienced Dentist Pocketbook — A Three Part Series It is done, you’ve gone through due diligence, you are done with all lawyers, accountants and consultants. You have inked the agreement and a sigh of relief is noticeable. Welcome to another “first day” of the rest of your life. Similarly to any life milestone, … Read more
Episode 2 of 6 – Stive and Chris chat with Dr. Diston about some of the drivers of practice valuation. For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the numerous tax, legal and emotional aspects involved, in … Read more
Episode 1 of 6: Stive and Chris chat with Dr. Diston about recognizing the need to plan and prepare adequately and in advance of a dental practice sale. For most dentists, the sale of their practice will probably be the single largest financial transaction of their professional lives. And, the most complex because of the … Read more
2/3 The Experienced Dentist Pocketbook — A Three Part Series At a certain point in time, you feel that you have had enough of owning a clinic. At that point in your life you will have new values, wants and needs. If you want to retire right away, I hope you have taken advantage of … Read more
Yes. I’m still writing poetry. I hope you liked my other two poems (see Michael Carabash, “A Love Affair: DMC’s 2019 Grenada Dental Mission Trip”, Oral Health Magazine, October 2019). Now, this poem is about the tease. You know – the expectation and anticipation that just drives us absolutely nuts when we want something very … Read more