What is the right value to offer my practice? How should it be constructed? What are the tax consequences?
Before you can begin to sell orthodontic practices, first you must establish your objectives. What are the goals you have in selling your practice? Do you want to move on or retire? If so then when? What is your financial situation as well as your health? Are you willing to make this step?
Another important aspect is to receive an evaluation of the practice from a CPA company that specializes in sales for dental practices. The professionals will give you specific guidelines regarding how to promote the practice.
The third step is to engage your advisory staff. Your advisory team will negotiate on your behalf with buyers. The team includes your dentist who has a good understanding of the market as well as your accountant and your lawyer. A lawyer will assist you to draft the necessary legal papers. It is essential to have these documents prepared prior to you begin negotiating as they can serve as proof of control and ownership of the procedure. v2arz67vfo.