Blog

Steps to Buying a Practice – or – How Not to Lose your Shirt While Buying a Practice

  Buying a veterinary practice can be and is a daunting task. It’s much more involved than purchasing a car or even a house. You have to wear many hats including shopper, negotiator, accountant, finance, lawyer, practice management expert, equipment specialist and even human resources manager. One wrong step and you could set yourself back financially, legally and even personally if...Read More

Steps to Buying a Practice – or – How Not to Lose your Shirt While Buying a Practice

  ​​Buying a dental practice can be and is a daunting task. It’s much more involved than purchasing a car or even a house.  You have to wear many hats including shopper, negotiator, accountant, finance, lawyer, practice management expert, equipment specialist and even human resources manager. One wrong step and you could set yourself back financially, legally and even personally if...Read More

Veterinary Practice Transitions and Taxes

  ​Taxes are a fact of life, and an extremely important consideration when considering a veterinary practice transition or sale. Let’s explore some potential tax mitigation strategies to consider. Stock Sale. If you are incorporated, sale of the stock in your corporation to the veterinary practice buyer can potentially yield you the greatest tax savings, because the sale of stock is...Read More

Merging an Existing Veterinary Practice

​ If you already own a practice, have you ever considered buying an existing veterinary practice located close to your first practice and merging the two together?  If you ask most doctors, they will say the best way to build a practice is through taking care of your patients and bringing in new patients via word of mouth and marketing.  And, they would be correct.  However, acquiring a...Read More

Dental Practice Transitions and Taxes

​ Taxes are a fact of life, and an extremely important consideration when considering a dental practice transition or sale. Let’s explore some potential tax mitigation strategies to consider. Stock Sale. If you are incorporated, sale of the stock in your corporation to the dental practice buyer can potentially yield you the greatest tax savings, because the sale of stock is almost...Read More