Information For Practice Owners
An Associate Addition Must Be Structured With Careful Consideration Given To The Answers To These Two Important Questions:
(1) How much longer does the practice owner intend to practice before retiring; and,
(2) At what point, between now and retirement, is the practice owner willing to begin to work less, and accept earning less income?
The benefits of our practice sale brokerage, sale consultation, or associate addition transition plan development services include:
Ph: (304) 486-5714 Fax: (304) 486-5815
P O Box 7181
Huntington, WV 25701-7181
Depressed Retirement Plan Values Often Delay Practice Sales
Many dentists, faced with reduced retirement reserves as a result of the recent stock market decline, would like to sell their practices and retire now, but hesitate to do so because they feel that they need ongoing income so as not to quickly deplete their retirement reserves.
Transition Structure:
Our recommendation on transaction structure. (How to structure the project to best achieve your specific financial goals and career objectives)
by George D. Stollings, D.D.S., 2008 (21 pages). Easy, quick reading. Briefly summarizes information on 27 topics of interest and / or importance to practice sellers and buyers. Contact our Company by e-mail or telephone for a free copy: Available in Adobe PDF attached to an e-mail, or print copy by mail.
Selling Or Buying A Dental Practice
Your Dental Practice Sale -- Plannig Ahead (1-15 Years); Optional Approaches To Planning and Executing Your Practice Sale
by George D. Stollings, D.D.S., 2005, (122 pages) ISBN #978-0976437574
Read Before Ordering:
For general dentists owning 100% of their practices (no current partner), with or without employed associates. Provides general overview of practice transition options for practice owners in each of three career stages: (i) mid-career; (ii) 3 to 5 years pre-retirement; and, (iii) at or near retirement age. Explains and provides advantages and disadvantages for each major transition option. Discusses multiple approaches to associate additions leading to ownership transitions. Intended for general dentistry practice owners wanting to plan future ownership transitions and / or practice sales, one or more years from now. Not intended for practice owners who wish to sell their practices now or within the coming year. General dentists in WV, KY, and OH, wanting to sell now or within one year, should contact our Company for free preliminary consultation and / or guidance.