From evaluating a practice opportunity to closing the deal, this seminar walks you through the critical steps involved in purchasing your first dental practice, including financial considerations, legal requirements, and practical transition planning. This event is for dentists who are considering buying a practice in the near future. In this course, you will learn about the legal, financial, logistical, and emotional aspects of buying a dental practice. Our team of experts will lecture and conduct Q&A sessions on the following topics:

• What to expect: The sequence of a dental practice transition
• Steps to purchasing a practice
• “Value vs. Price”
• The importance of Purchase Price Allocation
• 4 Keys of Bank Lending for Practice Acquisitions: Loan to Gross Ratio (How much the borrower can get), Liquidity (How much lenders like to see in “reserves” for a borrower), Production (How lenders make sure that the new owner will hit the ground running), Cash Flow (What it means and how it is calculated)
• Legal issues regarding buying a dental practice, including non-competes, tax structures and allocation, and liabilities
• Real estate issues that must be addressed

Register by October 2nd to attend for free — after that, the registration fee returns to $149. Reserve your spot today! We encourage all attendees to bring their spouses.

INCLUDES 3.0 HOURS OF INSTRUCTION, LIGHT APPETIZERS, AND COURSE MATERIALS FOR YOU AND YOUR SPOUSE.

SPEAKERS:

Megan Urban, Practice Transition Consultant, OMNI Practice Group – Megan grew up in dentistry. Her dad was a dentist in Kansas, After relocating to Oregon, she worked as an EFDA and EFODA before working as an office manager and regional manager in the dental industry. She also worked with a dental-specific CPA where she determined she enjoyed helping dentists to sell and buy practices. Megan is so glad to be selling dental practices and helping buyers find dental practices for OMNI, and since she is a licensed real estate broker in Oregon, Megan can also assist with the sale of your dental condo or building.

Eric Tweed, Attorney, Saalfeld Griggs –  Eric advises dentists, veterinarians, and other business owners on practice transitions, business formation, contracts, purchase and sale transactions, and intellectual property matters. As a member of Saalfeld Griggs’ Dental and Veterinary industry groups, he regularly guides clients through the complexities of buying and selling practices, helping them navigate legal issues and achieve their transition goals.

Michael Thompson, Business Development Officer, Bank of America – Michael began his career with Bank of America in 2016 within the Practice Solutions division. In early 2019, he was promoted to serve as the Regional Manager for the Pacific Northwest (AK, WA, OR, MT, ID) specializing in medical financing. In this role, he supports clients in practice acquisitions, start-ups, real estate, debt consolidation and expansions. He surrounds his clients with the right team of advisors to help them realize their dreams of successful practice ownership. Michael has been responsible for over $200 million in funding volume to the practice community in his career with Bank of America.