Dental & Medical Counsel

Question: What are the two main reasons for merging dental practices? Answer: Merging for a transition and merging for a collaboration. Full Answer: https://bit.ly/3ebuUDc

Why You Need a Commercial Broker When Renewing Your Commercial Lease - Hiring a commercial broker when renewing your commercial lease for your healthcare practice often provides a significant return on investment. https://bit.ly/3bcOc9F

Question: Upon purchasing a dental practice, what are some tips for transitioning team members? Answer: Schedule a transitional meeting, seek team members' feedback, define goals and expectations, evaluate performances, and issue a handbook. Full Answer: https://bit.ly/3kloen6

Dental Transitions: Understanding an Asset Sale vs. a Stock Sale https://bit.ly/3aRnaEj

How to Name Your Optometric Practice - Whether you're building or buying an optometric practice, one important factor is how you name your practice. Be sure to consider your marketing strategy. https://bit.ly/2ZOVae9

Are you interested in becoming a dental practice owner? Learn about the advantages of practice ownership by downloading the FREE eBook on Dental Practice Ownership: How to Create the Dental Career of Your Dreams. https://bit.ly/3ufGR0w #practiceownership #dentalpracticeownership #dentalentrepreneur #dental #dentalcareer #dentalebook #practicetransitions #dentalpracticepurchase #dentalpracticestartup #dentalbuyin #buyingadentalpractice #practicepurchase #practicestartup #practicebuyin

Happy Halloween! Be safe everyone!

In order to prevent a wrongful termination claim, make sure you're not discriminating or retaliating against your employee in a way that violates state or federal rules. If you have questions regarding a current or former employee, do not hesitate to reach out to us at Dental & Medical Counsel.

Question: What should you look for when choosing a location for your new dental practice? Answer: Ideally, you will want a location that will do some of the advertising for you, an area with a low concentration of dentists, an ideal size, and outside of your zone if you signed a non-compete agreement. Full Answer: https://bit.ly/2TKyj0h

Listen to the latest podcast I recorded with Gary Takacs as I discuss the role of HR in the post-COVID-19 world as well as the implications of FFCRA on dental practices in this week's Thriving Dentist Podcast. https://bit.ly/3jwTEoA #podcast #humanresources #humanresourcesmanagement #hrforhealth #dentalandmedicalcounsel #dentistry #optometry #veterinary #medical #smallbusinessowner #covid19 #ffcra #hrissues #dentalattorney #practicemanagement

Your Guide to Understanding Dental Buy-Out/Buy-Sell Agreements - With dental partnerships, determining buy-out terms, and how to pay for the buy-out can feel complicated and overwhelming, but it is very important for the long-term health of your practice. https://bit.ly/3oCm4Bq

When it comes to estate planning, there are a lot of things to consider such as wills, living trusts, power of attorney, beneficiaries, successor trustees, a pour-over will, transfer of assets, tax benefits, and avoiding probate. In this video, I will discuss all of the above, including the pros and cons of these estate planning options. If you're a healthcare professional and you need help with your estate plan, contact Dental & Medical Counsel, so we can help protect you and your family.

Are you ready to become a dental practice owner? Download the FREE checklist for purchasing a dental practice. https://bit.ly/3mhN9HW #practicepurchase #dentalentrepreneur #practicetransitions #dentalpracticepurchase #practiceacquisition #practicepurchasechecklist

Question: What are some important aspects of conducting practice management due diligence when purchasing a practice? Answer: Making a personal visit to the office, doing a chart audit, and evaluating staff and equipment. Full Answer: https://bit.ly/2HnCDA4

Buying a dental practice can be scary, but it doesn't have to be! Don't be spooked by the process. Learn the Top 10 Pitfalls to Avoid When Purchasing a Dental Practice. https://bit.ly/37s5pKG

Things to Consider When Purchasing an Optometry Practice, Part II - If you are an associate optometrist who is interested in purchasing an optometry practice, there are many things to consider. In this blog, we discuss how advisors can assist you and the transition process. https://bit.ly/3o9RW05

Learn how to sell your dental practice by viewing, A Comprehensive Guide to Selling a Dental Practice https://bit.ly/2HpaTKZ #DentalPracticeSale #PracticeTransitions #SellingAPractice #Dental #SellingADentalPractice

Beware of Scammers: Fraud Scam Alert Targeting California Licensees https://bit.ly/3k8YMjY

Question: Regarding commercial real estate, what is an option to purchase and a right of first refusal? Answer: An option to purchase provides that a tenant can request to purchase the real estate on or after a certain date. A right of first refusal states that before a landlord can sell the real estate to anyone else, they must first offer to sell it to the tenant. Full Answer: https://bit.ly/2IBf33h

Learn from medical and dental attorney, Ali Oromchian on mistakes to avoid when entering into a partnership. Whether you're entering into a buy-in agreement or a standard partnership, it is important to have structure, documentation, a compensation plan, and an exit strategy. If you are a dentist, optometrist, veterinarian, or physician and you need help with your partnership or buy-in agreement, contact the experts at Dental & Medical Counsel.