Events

How to Buy or Start a New Dental Practice

What we’ll do

How to Buy or Start a New Dental Practice

Learn from industry experts how to get ready to start your own practice. Headlined by Albert Gigl, Principal at MW Partners – Specialist Dental Accountants, this half-day session will cover the buying process including information required to make an informed decision on the value of the practice.

The day will incorporate a number of specialists who will ensure that you have an understanding of the main issues which confront a dentist getting into business for the first time.

Dental Structures will be explained to ensure that your practice is incorporated in the most tax efficient manner. A review of the advantages and disadvantages of buying compared to starting from scratch will also be discussed.

Legal matters to be considered, including review of sale contracts, lease of premises, and permits/licence requirements. Getting your finances in order and obtaining pre-approval will be discussed together with an explanation of loans, leases and lines of credit.

Issues to consider when fitting out (or re-fitting) a practice will be identified, together with the importance of good design for efficiency as well as creating the appropriate ambience in the practice. The session will be rounded off with instruction on the different ways to market your practice effectively.

Topics

  • The Buying Process
  • Business Structures
  • Sales Contracts and Legal Issues
  • Finance and Borrowing
  • Practice Fit-Out
  • Marketing

Presenters
Albert Gigl – MW Partners
Louise Syphers – Lakeside Financial
Simon Palmer – DJS
Prabin Gautam – 360 Dental Marketing
David Patkin – Lakeside Lawyers
Ray Smart – Oracle Dental Design

Seminar outcomes

At the conclusion of this session participants will be able to:

  • Understand the steps required to successfully buy or start a dental practice
  • Have a basic understanding of how different dental structures operate
  • Know what legal issues need to be considered when buying a dental practice
  • Identify the features and benefits of different financing options
  • Understand how to avoid costly mistakes when upgrading the practice fit-out
  • Use various marketing techniques to grow the practice

DATE Saturday 2 June 2018
TIME 1:00 pm – 5:00 pm
VENUE ADAVB Meeting Rooms Level 3, 10 Yarra Street
FORMAT Seminar
RSVP BY Friday 25 May 2018

FEES
ADAVB Member $77
Non-ADAVB Member $150
Tickets – https://bit.ly/2I4rxyz
Lunch is provided

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