Dental and Medical Counsel Blog

Understanding the Stark Law

By Ali Oromchian, Esq.

One of the many laws that are designed to protect consumers from healthcare fraud and abuse is known as the Stark Law. Originally entered into law in 1990 and amended in 1993, the Stark Law is named after the congressman who championed it, Pete Stark. Understanding this law is important for those operating a dental or medical service. In this post, we'll tell you what the Stark Law is and how it affects your practice so you can remain in compliance.

 

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Posted on 06/17/2020 at 10:00 AM

5 Things to Consider When Selling a Dental Practice to a DSO

By Ali Oromchian, Esq.

A dental support organization (DSO) can be a big help in taking some of the stress out of your day-to-day practice. These organizations will purchase your practice and then handle all of the non-clinical aspects of running the business for you. As you can imagine, selling to a DSO involves giving up a large amount of control. In this post, we'll take a look at what you will be getting and what you will be giving up should you choose to sell your practice to a DSO.

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Posted on 03/18/2020 at 10:00 AM

Reasons to Hire a Dental Attorney

By Ali Oromchian, Esq.

Although there is a common misconception that attorneys are only needed for drafting complex legal documents and litigating disputes, the reality is that the insight and guidance of an experienced attorney can be more important to your dental practice than you think. The right legal advice can lay a solid foundation for every aspect of your practice's success, from keeping your employees happy to increasing your overall profitability.

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Posted on 03/11/2020 at 10:42 AM

The Importance of Annual Meeting Minutes for Dental Corporations and LLCs

By Ali Oromchian, Esq.

Like most dental practices, the benefits of operating as a corporation stand out clearly, with tax savings and liability protection as two of the many reasons dentists form those entities. Even though most practitioners working as a corporation are also appointed president, they consider themselves dentists not presidents of a corporation. Nonetheless, as any qualified and experienced dental attorney would tell you, it is crucial that the practice function as any other normal corporation would and abide by the rules and regulations as they apply to such entities.

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Posted on 02/12/2020 at 10:11 AM

How to Ensure the Partnership You Want Becomes the Partnership You Need

By Ali Oromchian, Esq.

Entering into a business partnership is a weighty decision that should not be taken lightly, nor executed without guidance for your protection. Much like choosing roommates, it can be risky to mix friendships or even family with a business arrangement – particularly if you don’t have the benefit of a knowledgeable professional to help you navigate the partnership agreement.

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Posted on 02/05/2020 at 10:51 AM

Why an Employment Manual is Vital to Your Practice

By Ali Oromchian, Esq.

When creating and maintaining your dental practice, it is pertinent that you have everything in order as a means of protecting all aspects of your company. Taking such care is in the best interest of you as the employer, your employees, and your workplace. One of the first items you should create to assist you with this is an employment manual. A company manual clearly lays out and highlights all responsibilities, benefits, and policies that involve all parties in your practice.

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Posted on 03/13/2019 at 01:29 PM

How to Dissolve Your Dental Partnership

By Ali Oromchian, Esq.

Ideally, when you put together a dental partnership, you include the terms for what you needed to do later, if one or both of you wanted out of the partnership agreement. Unfortunately, that's not always the case, which means that you might need help to figure out how to effectively dissolve your partnership in a way that works for both of you. Whether you have a contract that clearly sets out how you need to go about dissolving your dental partnership or you're not sure where to start with the dissolution, there are several steps to follow. 

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Posted on 01/02/2019 at 11:47 AM

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

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

Things To Consider Before Bringing On A Partner Into Your Dental Practice

By Ali Oromchian, Esq.

Bringing a partner into your dental office is a big decision. Not only do you want to be sure that a partner is really what you want before you move forward, you need to know that you're choosing the right partner for your dental practice. Before opening your dental practice to a partner, make sure you carefully consider these key elements of partnership and how they can impact your practice.

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Posted on 04/18/2018 at 11:24 AM

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