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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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