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Profit is NOT What you Pay Yourself as a Dentist

By Barb Stackhouse, RDH, M.Ed There seems to be confusion with dentists about how to define profit. The typical assumption says Profit is what is left over after paying all the operating expenses. The next question is, what is included …

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Practice values: Now what’s it worth? Part 2

By William P. Prescott, Esq., EMBA ASSOCIATE BUY-IN VALUE IN A PARTNERSHIP For an associate buy-in, consider valuing the practice at the baseline date when the associate began employment and again one year after the associate has worked on a …

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Practice values: Now what’s it worth? Part 1

By William P. Prescott, Esq., EMBA HISTORICALLY Fifty years ago, established practices had relatively no value because it was not expensive to establish a new practice or join an existing one due to high patient supply and demand. No incoming …

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Entity Choice: Opportunities and Traps – Part 2

By William P. Prescott, Esq., EMBA Dentists must be careful how they handle the structure of their practices. There are opportunities and traps when it comes to entity choices. This is the second of a two-part article that considers entity …