We’ve been getting inquires asking if there is a checklist a dentist can refer to when buying a dental practice. And when asked, we deliver. Dental Practice Purchase Checklist
Tag: buy a dental practice
Thinking about Buying a Dental Practice in 2013?
In case you haven’t heard, there were some significant income tax law changes effective January 1, 2013 and for the most part, income taxes went up. Why is this important for buyers? You see, some folks who place prices on practices will use the profit and loss reports from the most recent year. Now sometimes…Read More→
Why is Dental Buyer Representation So Important?
When it comes to engaging a CPA to assist you in buying a dental practice you should NOT be looking for just any CPA, you need to work with a Dental CPA that has years of experience with not only dental practices, but dental practice transitions as well. Whether it’s the outright sale of 100%…Read More→
Dental Practice Buyer Representation – Introduction Video
We frequently receive phone calls from dentists seeking assistance in purchasing their dental practices. We have put together the follow series of videos to outline the process. Send your questions to Tim Lott, CPA, CVA at tlott@dentalcpas.com For more information or to sign up for our newsletter, please contact info@dentalcpas.com Follow us on Twitter, Facebook and Pinterest
Should Dentist Let Seller Carry Loan or Get a Bank Loan?
I am thinking about taking over a practice and the senior dentist said he would owner carry. Do you guys think that this is a good way to go rather than getting a loan through the bank? What would be a fair average interest rate should I be looking at? I’m guessing 6%. I would…Read More→
How to Buy a Dental Practice, Part 4 – Record Keeping and Post Sale Questions
As Dental CPAs, we often receive calls from dentists looking to purchase a dental practice. We have put together a series of videos to help dentists answer the question, “How Do I Buy a Dental Practice?”. In this video we discuss how to wrap up the transition process, chart of accounts set-up, record keeping, and…Read More→
How to Buy a Dental Practice – Entity Selection
As dental CPAs, we often receive calls from dentists looking to purchase a dental practice. We have put together a series of videos to help dentists answer the question, “How Do I Buy a Dental Practice?”. This video deals with entity selection. For more information visit our website: http://www.dentalcpas.com/ or email us at info@dentalcpas.com Send…Read More→
How to Buy a Dental Practice – Due Diligence
As dental CPAs, we often receive calls from dentists looking to purchase a dental practice. We have put together a series of videos to help dentists answer the question, “How Do I Buy a Dental Practice?”. In this video we discuss structure, tax implications, financial due diligence, space/lease issues, financing proposals, letter of intent and…Read More→
Acquiring a Dental Practice and Merging it into an Existing Practice
I have an opportunity to purchase an existing dental office that is 3 miles away. The doctor is in her 60’s and is willing to sell and work in my office 2 days a week. Time frame for her to exit the office will have to be evaluated. It is a FFS office with no…Read More→
Dental Practice Purchase Price Allocation: Is Goodwill the Devil?
Sometimes we come across uninformed buyers that want the majority of their purchase price allocated to equipment because they can get an immediate tax write-off under Internal Revenue Code Section 179 of up to $125k and $250k in very recent years. However, part of our job is to understand and educate ourselves about the state/locality…Read More→