Choosing the Right Financial Advisor
Dentistry is a unique profession. As a dentist, your income, expenses, and financial decisions don’t look the same as those
Blogs
Dentist Retirement Planning: Strategies for
Dentists spend years building successful practices, caring for patients, and investing in their communities. But when it comes time to
Understanding EBITDA in Your Dental
What Is EBITDA and Why Should Dentists Care? If you're a dentist running a practice, you've probably heard the term
The Complete Guide to Accounting
Understanding the Unique Financial Landscape of Dentistry Running a dental practice is not like managing any other small business. Between
Dental Bookkeeping Services That Keep
You didn't open a dental practice to become an accountant. Yet somehow, the numbers have a way of creeping in.
2020 was the year of many gifts from our friendly governments, from free money to very generous tax credits. Granted, many dental practices needed those benefits to maintain steady during the horrible year of COVID, and hopefully, many took advantage of the benefits in which they were entitled. We hope you have already been informed...Read More→
Whether business owners are in the process of applying for the forgiveness of their first PPP loan, applying for a Round 2 PPP loan, or deciding whether to keep their EIDL loan that matures in 30 years, recent legislation has created opportunities for businesses to achieve maximum PPP forgiveness and receive refunds (cash flow) on...Read More→
As a dental practice buyer, you should have the ability to perform proper due diligence on the practice you want to buy. Most brokers/sellers will be very accommodating with the release of information with a properly executed non-disclosure agreement and other minimally invasive assurances to ensure you, the buyer, is not a tire-kicker. With that...Read More→
Sometimes you, the associate, are offered an opportunity to buy into the practice in which you have been associating. You may be offered a fifty percent interest in a two-doctor partnership or a thirty-three percent interest in a three-way doctor partnership, etc. We all know that the price the associate is paying today will likely...Read More→
When you are looking to buy a practice, sometimes you may find a seller who sublets their space to another dentist. Maybe that sublet tenant is a general practitioner (GP) or a specialist; does it really matter? Do you care if that sublet practice stays or goes? Well, if they are a GP, I...Read More→
As multiple location owners have risen over the past five to ten years, it was a matter of time before we would start seeing more transactions where the buyers are looking to purchase one of the locations, NOT all of them. While this may not seem like a big deal or add any complexities,...Read More→
It’s fall 2020, and you have found a practice that checks just about every one of your wish list boxes. You have engaged professionals to assist you with the due diligence, nailed down your lender for the loan, negotiated a new favorable lease with the landlord, and have the closing date nailed down as...Read More→
We (the partners) are proud to announce that Lance Jacob has joined the ownership group of Naden Lean, LLC. Lance has been with our firm for over thirty years and has been a principal for ten years. “Personally, Lance and I have worked together on many clients for most of his tenure here. I...Read More→
Often, when a dental practice seller also owns the real estate, they sell both the practice and the real estate at the same time (or at least that is their desire). At the same time, this ends up being an excellent opportunity for most buyers, that is, to buy real estate and become a real...Read More→