Archive For January 23, 2017

Where Does My Money Go?  A Review of Overhead

Where Does My Money Go? A Review of Overhead

Where does my money go?  Is my dental practice overhead too high? Have you asked colleagues how much their overhead is?  Have you received answers from 40% all the way up to 90%?  Don’t worry, most of the confusion is due to how they define their overhead.  Some doctors may view their overhead as everything that…

Start a Business

Start a Business

How to Start a Business I have focused my career to help medical professionals create partnerships, retire, or start a business.  As an entrepreneur, I have had to figure out what is necessary to start a business.  I had to learn how to do things the hard way.  I made many mistakes, but have managed to run my…

Medical Practice Valuations

Medical Practice Valuations

We provide USPAP compliant business appraisals to the medical community.  Please fill out the form below and we will contact you so that we can get started on your appraisal. [our team]

How to Split Profits With a Partner

How to Split Profits With a Partner

Thinking about adding a new partner into your medical practice?  How are you going to split profits? Depending on your entity status you probably have been taking your salary/draw in a tax efficient way.  Also, many of you have been using the practice as your personal check book in an effort to lower your taxes. …

Medical Practice Valuation

Medical Practice Valuation

Medical Practice Valuation: Within the Rules Established by the Uniform Standards of Appraisal Practice (USPAP) The USPAP rules have been adopted to ensure minimum standards for appraisal reports.  The valuation process described herein complies with the rules followed by the American Society of Appraisers (ASA) and the American Institute of Certified Public Accountants (AICPA). Here are the…

Should You Use a Broker?

Should You Use a Broker?

Are Brokers Unbiased? Business brokers put a selling party and a buying party together, and they help the parties arrive at a purchase price and generally draw up some, or all, of the contracts necessary to complete the deal.  Business brokers are paid on commission, which is usually 10% of the purchase price.  As a…

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