Starting, Buying, or Selling a Business

Are You Buying a Dental Practice?

Buying or selling a business is likely the biggest transaction you will be a part of, even more than your house or your school loans. It is also probably the realization of a dream you’ve long held. There are many parts to think about and it’s important that you work with a business attorney who has experience with this type of transaction.

Buying a Business

When purchasing a dental practice, there are many things to consider:

• Are you buying the real estate?
• Are you buying the equipment?
• Is there going to be an equity associate period?
• Is the seller going to stay on?
• What kind of company do you need to create (LLC, PA, Corp)?
• Do you have enough financing for the purchase and to run the practice?
• Are you buying the accounts receivable?

O’Keefe Law’s business attorney team has experience guiding purchasers through the entire process, from assessing the cashflow of a potential practice, to negotiating the sale and drafting all the contracts. We are even available to help with business management after you take over the practice.

Selling a Business

Your dental practice is likely your life’s work. We understand that you care about your employees and your patients. Whether you are selling the entire practice or taking on a partner, this is a big change in your life and you may have various goals, such as:

• You are retiring immediately
• You are injured and can already no longer practice
• You are planning to work for the new owner
• You don’t have a buyer yet and you need to make the practice more desirable
• You need the highest price possible for your retirement

Each of these situations requires different strategies and contractual arrangements to accomplish your goals. O’Keefe Law’s business attorney team can help you determine your priorities and then make those priorities come to fruition.

Selling your business can be an emotional and complicated process. Work with an O’Keefe Law business attorney so that you don’t walk through it alone.

Starting a Dental Practice

Starting from scratch is a leap of faith in yourself—O’Keefe Law can help you do it right. There are so many things to think about from:

• Purchasing or leasing real estate
• Equipment loans
• Start-up capital
• Selecting a business entity (PA, LLC, Corp, etc.)
• Local permits
• State permits
• State environmental rules
• Malpractice insurance
• All the other types of insurance

O’Keefe Law has helped many dentists start their practice from scratch. We know that starting a practice means that you will have an endless number of decisions to make. Let us be your partner as you move step by step towards your dream of owning your own practice.