Fri 23 October 2020
How to buy or start a new dental practice
Learn from industry experts how to get ready to start your own practice.
Headlined by Albert Gigl, Principal at MW Partners – Specialist Dental Accountants, this half-day session will cover the buying process including information required to make an informed decision on the value of the practice.
The day will feature several specialists who will ensure that you have an understanding of the main issues that confront a dentist getting into business for the first time.
We will explain business structures to ensure that your practice is incorporated in the most tax efficient manner. A review of the advantages and disadvantages of buying compared with starting from scratch will also be discussed.
We will consider legal matters including review of sale contracts, lease of premises and permits/licence requirements. Getting your finances in order and obtaining pre-approval will be discussed, together with an explanation of loans, leases and lines of credit.
Issues to consider when fitting out (or re-fitting) a practice will be identified, together with the importance of good design for efficiency as well as creating the appropriate ambience in the practice. The session will be rounded off with instruction on the different ways to market your practice effectively.
You will learn:
- The steps required to successfully buy or start a dental practice
- How different dental structures operate
- What legal issues need to be considered when buying a dental practice
- The features and benefits of different financing options
- How to avoid costly mistakes when upgrading the practice fit-out
- How to use various marketing techniques to grow the practice.
- The buying process
- Business structures
- Sales contracts and legal issues
- Finance and borrowing
- Practice fit-out
Presented by Mr Albert Gigl (MW Partners), Mr Simon Palmer (Practice Sales Search), Mr Ray Smart (Oracle Dental Design), Mr Daniel McDonough (BOQ Specialist), Mr Dallas Sather (Lakeside Lawyers) and Mr Prabin Gautam (360° Dental Marketing)
Proudly supported by
CPD hours: 3 non-clinical hours
RSVP by 2 September.
Please note: Photographs may be taken at this event and may be used on the ADAVB website, social media or publications to promote ADAVB events and ADAVB membership. Please advise us if you do not wish to be photographed.