Dental and Medical Counsel Blog

Understanding Triple Net Leases

By Ali Oromchian Esq

We gave an overview of various dental lease types in a previous post. In this one, we'd like to go into more detail about triple-net leases. Unlike a full-service lease, a net lease requires you to pay extra on top of the base rent. A triple net lease, as the name implies, requires you to pay three extra things. On top of the normal rent payment, a triple net lease will have you paying the taxes, insurance, and maintenance costs for the property. Depending on the terms of the lease, you may also be paying for utilities.

Read More
Posted on 05/29/2019 at 09:29 AM

Estate Planning: Your Guide to Understanding Wills and Trusts

By Ali Oromchian Esq

The topic of death is often an uncomfortable one, but necessary. In the event of your death, what will happen to your assets? Taking care of your family is your number one priority which makes estate planning crucial. Making sure your affairs are in order offers peace of mind that your spouse, children, and family members will be taken care of and protected when you are gone. Dental & Medical Counsel focuses in estate planning as well as other legal services for dentists and doctors. The terms living wills and living trusts are often used interchangeably. Although these two legal documents are both very important to estate planning, they have distinct differences and act in different ways. Let's take a closer look at the...

Read More
Posted on 05/22/2019 at 10:45 AM

Why You Should Always Memorialize Your Business Agreements in Dental Contracts

By Ali Oromchian Esq

Framed in the simplest terms possible, legal disputes are expensive. They waste valuable time and money, and can cause a wealth of other issues along the way. The best way to stop this problem is to try and completely avoid disputes and work to minimize risks. By memorializing your dental practice’s business agreements in contract, you can limit the possible amounts of mitigation you will need to do later. You can even avoid trials by including binding language regarding mediation and arbitration. Overall, making sure that your contract language is both clear and detailed is the first step towards successfully memorializing your business agreements.

Read More
Posted on 05/15/2019 at 10:45 AM

Why It's Important to Have a Business Plan Before Opening a Dental Office

By Ali Oromchian Esq

Opening a new dental office is a dream come true for 80 percent of dentists in America. For many dentists, excitement about opening a new practice begins to build long before they complete their degree and training. But if you are like many new dentists, you might be unsure about the steps you need to take to obtain funding and achieve a successful opening. Fortunately, a business plan can help you achieve both of these goals. Below is a look at the important role a business plan plays when opening your dental office and the key elements that you should include in your business plan.

Read More
Posted on 05/08/2019 at 10:11 AM

Dental Law: What to Look for in Dental Associate Contracts as an Associate Dentist

By Ali Oromchian Esq

If you are an associate seeking a position, knowing what to look for and what to include in an associate contract is critical in protecting your best interests. Several key components that an associate contract should include are the salary and benefits package, the terms of employment, and what happens in the case of a separation. Similar to our previous blog on what to look for in associate contracts as a practice owner, we discuss several key items that you should include or keep an eye out for when negotiating associate contracts.

Read More
Posted on 05/01/2019 at 01:43 PM

Dental Law: What to Look for in Dental Associate Contracts as a Practice Owner

By Ali Oromchian Esq

If you are the owner of a dental practice, knowing what to look for and what to include in an associate contract is critical in protecting your best interests. Several main components that an associate contract should include are the salary and benefits package, the terms of employment, and what happens in the case of a separation. Below are several key items that you should include or keep an eye out for when negotiating associate contracts.

Read More
Posted on 04/24/2019 at 12:11 PM

Calculating Travel Pay for Your Non-Exempt Employees

By Ali Oromchian Esq

Most employers know that they must pay their employees for hours worked, and that those hours must be paid as overtime for non-exempt employees if those “hours worked” exceed 40 per week. But calculating what, exactly, counts as “hours worked” for traveling employees can be a difficult task. Here are some tips on calculating travel pay for your non-exempt employees:

Read More
Posted on 04/17/2019 at 10:01 AM

How Being Flexible Can Get Your Practice Into Trouble

By Ali Oromchian Esq

One of your employees comes to you in the morning and says that she would like to leave early in order to attend her child's sporting event. She does not wish to use any of her leave time, and so asks whether it would be permissible for her to skip lunch and simply leave early instead. Seems simple enough, right? You consider yourself a good employer, and always want to be flexible when it comes to your employees' requests. You take no issue with this request and tell the employee that she may leave early as long as she works through lunch. But is your flexibility actually putting your practice at risk?

Read More
Posted on 04/10/2019 at 11:30 AM

Plan Your Exit Strategy Before It’s Too Late

By Ali Oromchian Esq

If you are the owner of a dental practice, you inevitably have to consider the long-term vision of your business. This can include self-evaluations of your practice, whether you want to sell and when, as well as the impacts each of these decisions might have on your finances. As these can be life-altering choices for your future and retirement, you should consider a number of thoughts along the way.

Read More
Posted on 04/03/2019 at 10:31 AM

How to Recognize Red Flags When Buying a Dental Practice

By Ali Oromchian Esq

If you are in the market to purchase a dental practice, there are a number of things you will need to know about the search process. Whether you are new to the buying game or a seasoned professional, being prepared in advance is the best way to go. By understanding the red flags discussed below and why they are of importance, you will soon be ready to continue forward with the purchase process.

Read More
Posted on 03/27/2019 at 10:16 AM

Subscribe to Our Blog

Hours

  • Monday

  • 8:00AM - 6:00PM

  • Tuesday

  • 8:00AM - 6:00PM

  • Wednesday

  • 8:00AM - 6:00PM

  • Thursday

  • 8:00AM - 6:00PM

  • Friday

  • 8:00AM - 6:00PM

  • Saturday

  • CLOSED

  • Sunday

  • CLOSED

Questions? Need More Info? Contact Us!