Dental and Medical Counsel Blog

The Basics of Shareholders and Shares For Your Dental Practice

By Ali Oromchian Esq

Shareholder agreements: what, exactly, are they? How will they help you form the backbone of your dental practice? If you're thinking about forming a partnership with another dentist, especially if you're thinking about forming a partnership with several dentists, it's important that you understand the distinction between shareholder agreements and partnership agreements--and how shareholder agreements can help improve the functionality of your practice. 

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Posted on 08/15/2018 at 08:09 AM

3 Employer Actions Which Increase The Likelihood of Lawsuits

By Ali Oromchian Esq

Unfortunately, for employers, no business is completely safe from labor disputes. Even if you follow all laws to the letter, there is nothing stopping a disgruntled employee from making a claim. Fortunately, in addition to following all applicable laws, there are actions which, if avoided, can lessen your chances of being subjected to legal claims. Here are three employer actions which can increase the likelihood of a lawsuit:

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Posted on 08/08/2018 at 09:50 AM

When Employee Turnover Becomes A Problem

By Ali Oromchian Esq

No business is completely immune from employee turnover. Employees leave even the best jobs for family issues, or to pursue higher education, or because they choose to pursue a new career. But if you have lost 2 or more people within a short amount of time (especially if your practice is small), then you may have a larger problem that needs to be addressed.

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Posted on 08/01/2018 at 08:58 AM

How To Address Unauthorized Overtime

By Ali Oromchian Esq

Overtime is a sticky subject for a lot of employers. With the Department of Labor’s overtime rule, business owners are, for the most part, able to limit their overtime liability to their non-exempt, or hourly, employees. But what do you do when an employee works overtime without your approval? 

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Posted on 07/25/2018 at 09:29 AM

What to Do When A Patient is Making Your Staff Uncomfortable

By Ali Oromchian Esq

As much as we may want things to be otherwise, the truth is that not everyone will always get along. This is often true in the workplace and can be troublesome when the personality conflicts arise between your staff and the patients you treat. While some issues such as rudeness or habitual lateness may simply lead to some griping and require an extra helping of patience, a patient who is offending your staff is a different animal.

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Posted on 07/19/2018 at 03:30 PM

Choosing A Name For Your Dental Practice

By Ali Oromchian Esq

Opening your dental practice is a big step--but before you can open your doors, you have to give your practice a name! Your name can be a key factor in bringing in the right types of patients, ensuring a steady stream of business, and helping to build confidence in your new practice. You should also be careful to understand the legal ramifications of choosing a name for your dental startup or renaming a practice purchased from another dentist. Follow these key guidelines to choose a name for your new practice that will allow you to experience a number of key benefits without getting bogged down by legal troubles. 

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Posted on 07/11/2018 at 10:33 AM

Understanding And Negotiating A Tenant Improvement Allowance

By Ali Oromchian Esq

Let’s assume you have found a commercial space to open your new dental practice. You, as a tenant, may be able to have your landlord pay you for the costs to improve your space in the ways that are needed to operate a successful practice. Whether you are a tenant who is seeking to upgrade existing space, or a new tenant who has not yet built out new space, it might be in your best interest to negotiate on a tenant improvement allowance for your commercial lease.

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Posted on 07/03/2018 at 08:10 AM

Key Things To Consider When Drafting A Letter Of Intent

By Ali Oromchian Esq

Early in the process of purchasing a dental practice, before you formally purchase the practice, you'll start with a letter of intent. Your letter of intent is the first piece of legal paperwork in the practice-buying process, as it details your interest in buying the practice and sets out some of the basic business/economic terms. As you create this important document, make sure that you take it seriously! The terms in your letter of intent can help shape your purchase agreement and other important aspects of your purchase. 

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Posted on 06/27/2018 at 09:53 AM

Understanding the Major Commercial Lease Types

By Ali Oromchian Esq

When negotiating leases for your dental practice, it is helpful to be familiar with the common types that are specific to commercial leases: gross or full-service leases, net leases, and modified gross leases.

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Posted on 06/20/2018 at 07:45 AM

Managing Employee Classifications And Their Implications

By Ali Oromchian Esq

Properly classifying your staff is one of the most crucial aspects of managing a practice. In fact, failure to do so can result in major problems; this includes fines and penalties from local, state, and federal agencies. Further, improper classifications can result in unpaid overtime, back pay of wages, interest, and your time. In escalated situations, a lawsuit or class action lawsuit could be filed against you, resulting in hefty additional attorney’s fees...click here to continue reading the full article.

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Posted on 06/18/2018 at 09:00 AM

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