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Business, Legal, and Tax Planning for the Dental Practice,
2nd Edition
A Comprehensive Guide for Every
Dentist
Associate Buy-Ins and Owner Buy-Outs
Establishing or Relocating a Practice
Sale and Purchase of a Practice
Facility Lease, Purchase or Sale
Pension and Estate Planning
Strategic Practice Planning
Valuation of a Practice
Staffing Issues
Fringe Benefits
Business Deductions
About the Author
For 11 years, William P. Prescott has advised clients on the topics presented in
this book. He knows the business, legal, and tax issues facing the dental or
specialty practitioner by experience not theory.
Contents
The Law on Practice Success Planning 1. Steps to Retirement 2. Assessing
Succession Options 3. Negotiating the Win-Win Practice Sale and Acquisition
4. Hiring and Becoming the Associate 5. Using Restrictive Covenants for the
Associate and Departing Owner 6. Planning Associate Buy-Ins and Owner Buy-Outs
7. Why Solo Groups Make Sense 8. Selling to or Working for a Dental Service
Management Organization The Economics and Future
Valuing Your Practice 9. Understanding Practice Valuations 10.
Calculating Practice Value in a Changing Market
Practice Operations 11. Finding and Retaining Quality Employees 12.
Implementing and Updating Your Strategic Practice Plan 13. Dispute Resolution
Finding Middle Ground 14. Negotiating Your Facility Lease 15. Owning,
Acquiring and Selling Your Building 16. Selecting Your Practice Entity S or
C Corporation, LLC or Sole Proprietor 17. Managed Care Contracts What the
Provisions Mean 18. Designing, Relocating or Establishing the Practice
Facility
Entering Practice 19. Assessing Your Practice Options * 20. Acquiring
Your Practice The Importance of Purchaser Due Diligence 21. Implementing
Effective Measurements and Controls
Personal Planning 22. Designing the Right Retirement Plan for Your
Practice 23. Review of Fringe Benefits and Business Deductions 24. Protecting
Your Assets 25. Planning Your Estate Avoiding Probate and Family Fights
Summary and Thoughts for the Future
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