It is important to remember that dentistry is business. As an essential component of the business side of dentistry, dentists work hard to develop a Practice patient base. Patients are the lifeblood of a successful dental practice, as patients are the source of the business’s revenue. A dental practice’s patient list are a very valuable […]
One of the first discussions to occur when a practice hires a new associate dentist is about the parties’ expectations, understandings, and goals. Oftentimes, these verbal agreements regarding the employment relationship between a Practice and an associate dentist are not memorialized in writing. Memorializing the employment agreement is necessary to protect both parties’ interests. Four […]
Taxes affect us all and, as small business owners we need to realize the benefits of proper tax planning more than most. Many dentists are restructuring their dental practices to maximize the tax advantages offered by a customized business structure. A Practice restructure allows them to better manage the flow of their revenue, increase profitability, and […]
As a dentist, you are likely aware that the atmosphere of your dental practice is a key factor in making your clients feel comfortable. Because of this, many dentists feature a variety of artwork in their dental office, not to mention their home. A recent trend in estate planning has been transferring the ownership of […]
