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→
Category: Dental CPA Blog
When should we freeze the practice price
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→
What if Your GP Seller Sublets Space to a Smaller practice?
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→
Buying a Practice When Seller Has More Than One Location
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→
Seller Wants to Delay Closing due to PPP2-What Does a Buyer Do?
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→
Join Us In Welcoming Lance Jacob As Our New Partner!
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→
Owner Occupied Real Estate-Seller Won’t Sell Real Estate-Deal Breaker?
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→
Another Crazy Tax Season Ahead – 2021 Version
With the passage of the CAA in late December 2020 and the talk of additional pending legislation that appears to be heading our way, it will be another crazy income tax preparation season for many CPAs. Until the late December legislation, many CPAs had already been planning how their client’s income tax returns would be…Read More→
Employee Retention Credit (ERC) 2020 Planning
In case you have not heard, the Employee Retention Credit (ERC), which was part of the CARES act legislation in March 2020, is back in play for 2020 for an expanded group of employers than the law originally allowed. This past December, Congress passed the CAA legislation which made an interesting and potentially valuable revision…Read More→
Buying a Practice in 2021? Should there be a “Covid Discount”?
As everyone knows, we have had a horrible virus around for over a year now, and while it certainly impacted practice transitions for some time between say March and June 2020, since June 2020 buyers are back in full force looking for a practice to call their own. Almost immediately buyers and potential buyers started…Read More→