- Thursday 1/25/2024
- Time: 2:00 - 4:00 pm
- Course Code: 403TL
- Cost: No Charge
- Room Location: BCEC Exhibit Floor Classroom G
- Credits: 2 CE Hours
The Dental Practice Purchase: From Fear Factor to Fearless
Drew Phillips, CPA
Wes Read, CPA Wes Read, CFP®, CPA is the founder of PracticeCFO, a financial planning and CPA firm specializing in dental practice owners. He has been working with dental practice owners since 2007 to help them effectively manage their taxes, 401(k), debt, student loans, business budgets, personal financial planning, investments, and retirement planning. He is the host of two financial podcasts for dentists: The Dental Boardroom and The Dental Practice Sale. He is also the founder of the Associates on Fire program, a free online financial education platform for dental associates.
Purchasing a practice is a significant decision. Missteps in the process can lead to years of financial distress. Dentists
who purchase a healthy practice and successfully transition that practice under their management stand to earn as
much now as any dentist in the past. In this course, attendees will receive a clear blueprint for the practice acquisition
journey. They will learn how to locate practices for sale, review practice financial statements, select their advisory team,
and submit a letter of intent. They will also learn the top Do's and Don'ts during the process of purchasing a practice.
Additionally, attendees will learn how to start managing their future tax liability before closing on the practice.
- Recognize the key obstacles in a practice purchase and how to avoid them
- Identify sources which help them locate a dental practice to purchase
- Understand how to review the financial health of the target practice
- Know what to look for in selecting their team of advisors
- Analyze critical elements of the letter of intent and the due diligence process
- Explore case studies highlighting common pitfalls and how to avoid them
- Learn the difference between buying into a private practice and partnering with a DPO
Recommended Audience: Dentist
Ambient Noise Disclaimer: Please note that this course will be held on the Exhibit Hall Floor and will be subject to ambient noise.
The Practice CFO grant has been applied to this course.
The Massachusetts Dental Society is an ADA CERP Recognized Provider. ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry. Concerns or complaints about a CE provider may be directed to the provider or to the Commission for Continuing Education Provider Recognition at ADA.org/CERP.