Dental and Medical Counsel Blog

Legal Due Diligence When Purchasing a Dental Practice

By Ali Oromchian, Esq.

If you are a recent dental school graduate or perhaps an associate dentist working for someone else and are thinking about purchasing a dental practice, there are some important factors to consider. Buying a dental practice instead of starting your own can be rewarding and provide you a waiting-room full of patients, the equipment you need, and reliable employees on your first day in the office.

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Posted on 07/15/2020 at 10:14 AM

Why Dental Practice Ownership is Important

By Ali Oromchian, Esq.

As with most things in life, there are advantages and disadvantages to being a dental practice owner. The good news is that today the advantages far outweigh the disadvantages even in a COVID-19 world. When you are an associate dentist, you have the significant advantage of not only learning more about how to operate a dental practice from your employer but you also get to learn what you don’t want to do in your practice as you have a first-hand view of how the dental practice is run. You begin the vital steps of learning how to be a boss, how to be an entrepreneur, and most importantly how to interact with patients.

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Posted on 07/09/2020 at 04:17 PM

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

Due Diligence When Purchasing a Dental Practice

By Ali Oromchian, Esq.

When buying a dental practice, due diligence is the process of evaluating the significant items related to the practice. This means conducting a deep investigation into the financial, legal, and operational aspects of the practice so that there will be no undesirable surprises should the potential purchaser decide to buy.

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Posted on 01/22/2020 at 11:03 AM

DSO Agreements: How They Differ from Private Practice Associate Agreements, and What You Should Consider Before Entering Into One

By Ali Oromchian, Esq.

One of the toughest decisions a new dentist has to make is determining whether he or she will go into private practice or work with a DSO.

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Posted on 01/15/2020 at 10:48 AM

Commercial Real Estate: Understanding the Right of First Refusal and Option to Purchase

By Giselle Rodriguez, Attorney-at-Law

In today’s market, real estate is a valuable asset, especially in California. Owning the building where one’s practice is located can be a great financial investment. In today’s market however, it is difficult to acquire real estate in a good location, at an affordable price.

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Posted on 12/18/2019 at 11:00 AM

6 Tips to Consider When Purchasing Patient Records

By Ali Oromchian, Esq.

When the time comes for a dentist to move, retire, or transition to another career, they will often choose to sell their patient records to another dentist in the area. When conducted correctly, this transaction proves beneficial for both parties. The transitioning dentist not only enjoys financial compensation, but they also help their patients continue to receive good care.

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Posted on 11/27/2019 at 11:00 AM

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