by omniadminJune 20, 2022 Practice Management, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
What To Do with Your Practice If You Are Sick Or Dying?
Most of us have a vague notion of what retirement might look like but that’s where our planning usually stops. Getting sick or receiving a terminal diagnosis isn’t something that is easy to think about and is even more difficult to talk about. Nobody wants to contemplate their last moments in this world. Sadly, we have all witnessed peers who have been thrown a curve ball and had an illness...Read Moreby omniadminJune 20, 2022 Practice Management, Practice Sales, Practice Transtions, Seller Articles, Selling a Practice0 comments
What To Do with Your Practice If You Are Sick Or Dying?
Most of us have a vague notion of what retirement might look like but that’s where our planning usually stops. Getting sick or receiving a terminal diagnosis isn’t something that is easy to think about and is even more difficult to talk about. Nobody wants to contemplate their last moments in this world. Sadly, we have all witnessed peers who have been thrown a curve ball and had an illness...Read MoreThe Importance of Your CPA During a Transition
The Importance of Your CPA During a Transition. Megan Urban of Omni Practice Group talks about why a dental-specific Certified Public Accountant is critical during your practice transition. Regardless if you are a buyer or seller, you should have a CPA who specializes in dental transitions. If you are a seller, your CPA will help guide you through the complexities of taxes and what you may...Read Moreby omniadminMay 17, 2022 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
Benefits of Hiring a Broker
Why use a Veterinary Broker to Sell your Practice? After many years of the hard work, long hours, and substantial investment that go into building a veterinary practice, you’re now thinking about selling the practice. It’s easy to assume that the practice will sell quickly and for a great price when you are ready to sell. Feedback from doctors who have recently sold their practices...Read Moreby omniadminMay 17, 2022 Practice Sales, Practice Transtions, Seller Articles, Selling a Practice, Using a Professional0 comments
Benefits of Hiring a Broker
By Kevin Brady Why use a Dental Broker to Sell your Practice? After many years of the hard work, long hours, and substantial investment that go into building a dental practice, you’re now thinking about selling the practice. It’s easy to assume that the practice will sell quickly and for a great price when you are ready to sell. Feedback from doctors who have recently sold their...Read MoreFrequently Asked Questions for Dental Sellers
By Rod Johnston, MBA, CMA Do I have to pay out my staff vacation and sick time at closing? Yes, after the sale has closed, you will write a check for accrued vacation time to your staff members. The staff will then start accruing vacation and sick time under the new practice owner. Paying out sick time depends on your individual state laws. Some states have recently implemented mandatory sick...Read MoreFrequently Asked Questions for Veterinarian Sellers
By Rod Johnston, MBA, CMA Do I have to pay out my staff vacation and sick time at closing? Yes, after the sale has closed, you will write a check for accrued vacation time to your staff members. The staff will then start accruing vacation and sick time under the new clinic owner. Paying out sick time depends on your individual state laws. Some states have recently implemented mandatory sick...Read Moreby omniadminApril 3, 2022 Associate Articles, Buyer Articles, Practice Management, Seller Articles, Students0 comments
Interview Questions for Every Dental Practice Role
By Megan Urban, Practice Transition Advisor Businesses across the country are struggling with staffing issues and the dental world is NO exception. During the pre-pandemic years finding great staff was a challenge, but since the pandemic began finding and retaining great staff has become a tumultuous experience. What follows are some interview questions that have helped dentists and their...Read MoreSettling Liens Prior to Listing Your Practice
By Jen Bennett, Omni Practice Group In preparation for listing your practice, there are several steps to consider, but one important step that is often overlooked is settling any outstanding liens against your practice. As you know, “A lien is a claim or legal right against assets that are typically used as collateral to satisfy a debt. A creditor or a legal judgment could establish a lien. A...Read Moreby omniadminMarch 14, 2022 Practice Sales, Seller Articles, Selling a Practice, Using a Professional0 comments
