Description

As a current practice owner, one day you’ll be a practice seller. In this episode, Larry Chatterley draws from his wealth of experience in successful practice transitions to help you prepare for the sale of your own practice. We talk through many tips to doing this well and many pitfalls to avoid.

Topics we discuss in this episode:

• What should I say to my staff, and when should I say it?
• How long will it take to find a purchaser and close a transaction?
• What about taxes? Is it possible to minimize or defer the tax liability associated with the sale?
• I own my own building. What do I do with it?

Mr. Chatterley has specialized in transitioning dental practices and serving the business and transition needs of dentists throughout the western U.S. for over 26 years since he founded CTC Associates in 1988. He has facilitated the successful transition of over 2,000 practices, and has authored several publications on practice transitions.

If you’re a practice owner in Colorado, Idaho, New Mexico, Utah, or Wyoming, contact CTC Associates at ctc-associates.com for practice transition tools and guidance.

Learn about dental practice transition specialists in your area by messaging office@longinthetooth.info

Long in the Tooth provides non-clinical gems of wisdom for older dental practice owners. Learn more about this podcast at longinthetooth.info