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Hire a Dental Attorney in San Diego to Buy a Dental Practice

Buying a dental practice is one of the most critical financial decisions a dentist will make! If you are about to buy a dental practice, the read this write up to find the best tips to make the process easier. Visit https://odgerslawgroup.com/ for more information.

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Hire a Dental Attorney in San Diego to Buy a Dental Practice

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  1. odgerslawgroup.com

  2. Are you looking to expand your dental practice? Buying an existing practice gives you an immediate access to an established patient base. Here is a list of a few tips to consider while buying a dental practice. odgerslawgroup.com

  3. Get your finances ready as early as possible. • Build a sound business plan with realistic numbers if it’s a new start up. This should include, • CV with current income levels • Summary of your proposal • Your focus on new premises and layout • Proposed working arrangements, staffing arrangements and opening hours • Financial forecasts odgerslawgroup.com

  4. Organize a team of professional advisers. • Make an independent practice valuation report which gives any potential lenders the majority of the background information that they require. • Before setting up a professional corporation, shop and secure insurance policies. odgerslawgroup.com

  5. Arrange a dental attorney to review the dental practice purchase agreement. Seek their advice in when dealing with issues with contract transfer. • Find the right lender to get access to the full range of lending deals on the offer. Review all of the possible finance options and choose the right deal for you. odgerslawgroup.com

  6. Once you and the seller have agreed on all of the terms of the purchase, schedule an appointment with the seller, sign documents and take ownership of practice! • Finally, send out a transaction letter to patients saying that the practice has been sold and announce yourself as the new owner. Any subsequent change in the service should be mentioned clearly. odgerslawgroup.com

  7. Thinking to buy a dental practice in San Diego? Visit odgerslawgroup.com Call: 858-869-1114

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