Dental Practice Transitions: Stock vs. Asset Sales

The legal structure of a dental practice transition caries unique advantages and disadvantages to both parties which should be carefully considered and negotiated. Most commonly, they are structured as either an asset purchase or a stock purchase. An asset sale transfers some or all of the assets of the business in a series of transactions. A stock sale is the transfer of an ownership interest from the seller to the buyer, with all of its incumbent benefits—and liabilities. Since each...Read More

8-step financial plan for dentists

Facts are facts. Dentists have a more condensed window for achieving financial independence when compared with other career paths. Before their first day as a practicing owner-doctor, the typical Dentist has racked up a few hundred thousand in student debt, been through dental school, residency program, and at lease 2 years of clinical work in  someone else’s practice before being eligible to receive bank funding for their first practice… Late start… Piles of debt…...Read More

Section 179 pitfalls for practice owners

Section 179 is a tax code which allows small businesses to take an accelerated tax write-off in the year of purchase for equipment which would otherwise be depreciated over time. Most of the equipment in a dental or medical practice qualifies and under the right conditions, it can be a great tool to reduce your tax liability while improving the technology in the practice. There are many folks out there preaching the benefits of Section 179 as an incentive for Doctors to invest in cutting-edge...Read More
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