Bruce Bryen, CPA, CVA

When acquiring a dental practice or partnership interest, it’s important to work with experts up front on Asset Purchase Agreements and partnership agreements to try and prevent costly, possibly nasty court battles down the road.

Taking a look at DSO money versus OSO money and the long-term benefits and drawbacks of both.

Dentists going through divorce proceedings will face unique challenges in terms of practice valuations, but there are ways to navigate this tricky situation.

The author and recipient must carefully read and understand what is being proposed in these documents before the dentist signs them.

It’s a good time for dentists and their dental CPAs and other financial advisors to start thinking about planning for changes in their taxes.

In most cases, the primary dentist, most likely the owner, is the one who will have the majority of the goodwill assigned to him or her and will take the value of the dental practice with its assignment of personal goodwill to mean a larger distribution to the dentist rather than to the spouse of the dentist.

Dental advisors and dentists have some ideas on using retirement plans to create a current tax savings boon for the dental practitioner.

Dentists need to smart about paying for divorce and hiring the best available practice valuation expert should be a strong consideration.

Evaluators need to be diligent in dental practice evaluations, but there are a variety of ways in which practices were valued before and during COVID-19.

A practice valuation and goodwill allocation can alter a dentist's and spouse's lives forever and therefore must be carefully considered when filing for divorce.

Taking a look at some of the pros and cons of potentially joining a dental or orthodontic service organization.

There are several differences in dental service organizations and orthodontic service organizations.

Deferred compensation arrangements enable sellers to pocket more money despite lower dental practice values.

In anticipation of a transition, dental practice sellers should learn what a potential buyer is looking to see during this current environment.

Regulatory difficulties can create obstacles for DSOs when attempting to get access to operate in certain states.

Dealing with COVID-19 can be a challenge, but those who implement successful measures can attain success during the virus, and really thrive down the road.

Why it’s important the next time a valuation is called for to make it as descriptive as possible.

Although there is no magic number, there are many factors to consider to ensure financial success for all parties involved.

Capitalization, good advisers, and top-notch personnel make a successful dental service organization.

Practice sellers can report findings in reports and offer the upside of what had occurred during the normal times to assist in overcoming the negative results of the virus.

A certified public accountant and certified valuation analyst outlines key factors for dental practice transitions in the midst of a pandemic.

Dentists need to understand finances, safety and the future during these pandemic times.

Don’t lose hope even if pandemic causes financial, emotional turmoil. Dentists hit hard by COVID-19 are not alone and need to be aware that there are solutions and methods for recovery available.

Be aware of differences between the S corporation and the LLC. It is of critical importance to discuss the differences with your dental CPA so that when planning for taxes, there are no surprises.

Dentists have been hit hard financially during this COVID-19 crisis, but there are programs available and practices should review the application process as soon as possible.

The coronavirus and the financial struggles caused by it may allow dental practices to take advantage of trying to increase the reportable income of the practices that have had their finances decimated.

What dental practices need to know about the financial impact of the allocation of goodwill whether a transition to a third unknown party, an acquisition of a partnership interest, or divorce proceedings.

Acquiring practices that are low gross revenue/ start-ups or high grossing-which makes the most sense and why?