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When you entered dentistry, your focus was on patient care. However, as your practice grows, leases and partnerships become vital. So do asset purchases and non-compete covenants.
Unfortunately, to build a thriving dental practice, good skills are only part of the equation.
To ensure smooth transitions, especially when making a major life decision. A California dental attorney can help with dental deals. They can protect your practice and handle legal agreements.
General business attorneys often miss important details in dental practice transitions. At Odgers Law Group, we provide legal services tailored to the unique needs of dental professionals.
With years of experience, dentists trust California dental attorney Matthew Odgers. He handles all aspects of dental operations and transactions. He keeps their practices protected and well-managed.
As a dental law firm, we can help you with:
At Odgers Law Group, we focus on California dental law. We provide legal support for dental practice transactions and partnerships. We have years of experience. We handle every detail. This minimizes risks and maximizes your transactions’ value.
We do dental contract reviews, due diligence, and compliance checks. We follow state and industry regulations. Trust Odgers Law Group. We will protect your dental practice’s future. Our work is professional and expert.
Here are the top reasons to hire a California dental attorney:
At Odgers Law Group, we offer legal support tailored to dental professionals. With a deep understanding of California’s dental industry, our attorneys provide expert guidance for your specific needs.
See: Dental Professionals Resource Page
Years of collaboration with dental professionals have made us a leading dental law firm in California. We understand the unique complexities, whether you’re a general dentist or specialist.
See: 10 Steps to Buying a Dental Practice from a Dental Lawyer
By partnering with Odgers Law Group, you gain a legal team that understands your practice and helps protect and grow your business.
As a California dentist, you must trust your legal needs to an experienced dental attorney. They should know how to help dentists form, structure, and run their practices.
At Odgers Law Group, you’ll work with a dental lawyer. We will keep your dental practice compliant with the law. This will free you to focus on your patients.
On average, selling a dental practice can happen in as little as a month, or as long as three years.
Having a team of dental advisers will help complete the deal on time.
Unforeseen events may slow down the process. However, an experienced dental contracts attorney can greatly reduce that risk.
Creating a timeline from the start will help you to close on time.
There are a few ways to do this. They range from a verbal opinion of value to a full appraisal with a detailed report.
A verbal opinion may work in some cases. But, it is best to get a full appraisal by an appraiser experienced in dental deals.
A full appraisal will answer many questions the buyer and lender have during due diligence.
In addition, the bank will generally not lend over the appraised value of the practice.
A Letter of Intent (LOI) for purchasing a dental office
is a formal document. It outlines the terms and conditions of a business deal, like a dental practice sale or acquisition.
This document is a blueprint for the final agreements. It also provides a framework for negotiating the deal.
An LOI typically includes: the purchase price, payment terms, and confidentiality agreements. It also includes due diligence timelines and any contingencies that must be met before the deal can proceed.
Having a dental attorney draft your Letter of Intent is highly advisable. Dental deals have complex legal and financial issues unique to the field. They include patient records, equipment valuations, lease assignments, and compliance with regulations.
A dental attorney from Odgers Law Group will review the LOI. It must address these critical aspects. This will protect your interests and ensure a smooth, successful deal.
With our expertise, we can foresee challenges. We will negotiate favorable terms and provide clarity and protection. This will give you confidence and peace of mind as you move forward.
Some of the documents that are used in the transition of a dental practice are:
As you have seen above, when buying or selling a dental practice there are a lot of moving parts that require different degrees of specialized knowledge.
It is imperative that you work with a team of dental advisers who openly communicate. This will ensure that you get the best results and that the transaction is completed in a timely manner.
If you are interested in buying or selling a dental practice, feel free to reach out to us at Odgers Law Group for a free consultation to speak with a Dental Attorney who serves all of California.
There are many ways and places that a buyer and seller can be introduced.
These include:
It is a good idea for the buyer and the seller to talk a few times and meet in person before making an offer on a practice.
It is not uncommon for the Seller to want to keep the knowledge of the sale of the practice from his employees until the closing date.
With that said, if that is the case, the Seller should communicate that to the Buyer and the Buyer should respect the Seller’s wishes.
A dental transaction attorney helps with due diligence and contracts.
We also ensure regulatory compliance and a smooth transition.
Dental lawyers protect your investment and interests when you buy or sell a dental practice.
At Odgers Law Group we provide dental transaction services for a flat rate.
Hiring a California attorney for dentists ensures that your legal needs are met. They know California’s dental industry’s unique challenges and rules.
Thus, protecting your practice and interests effectively.
What services does a California dental lawyer provide?
A California dental lawyer provides services including:
practice acquisitions and sales
partnership agreements
lease negotiations
entity formations including Dental Corporations
associate agreements
All tailored specifically for dental professionals.
A California dental lawyer provides services including:
All tailored specifically for dental professionals.
Look for a California dental lawyer with specialized experience in dental law.
Someone who knows California regulations. They should have a record of success in dental transactions.
They should take a client-focused approach that aligns with your needs.
A dental lawyer helps with the sale of your dental practice. They will:
Prepare and negotiate the sale agreement.
Conduct due diligence.
Manage regulatory requirements.
Ensure a smooth transition.
This maximizes value and minimizes risks.
A dental transaction attorney ensures that your dental office lease terms are favorable, compliant with regulations, and protect your practice’s long-term interests, mitigating potential legal and financial risks associated with dental office leases.
Yes, a California attorney for dentists can draft, review, and negotiate dental partnership agreements.
They will ensure that all terms are clear, fair, and protect everyone’s interests in the dental practice.
Due diligence is vital in dental deals. It finds risks and liabilities.
It also ensures a full evaluation of the practice. This protects your investment and ensures a successful deal.
To get started, schedule a consultation with a dental transaction attorney from Odgers Law Group.
We will discuss your specific needs, provide expert guidance, and outline the steps to ensure a successful dental transaction.
Purchasing or Selling a dental practice can be one of the most important events in a dentist’s career.
For those who are buying it will greatly impact their quality of life for the foreseeable future.
For sellers, it can lead to financial independence in retirement. Or, it can help them switch to a new career or practice.
An experienced California dental law firm will guide you through each step. You will then be able to make informed, wise decisions.
When you work with an experienced California dental law firm, you will be guided through each step of the process and be able to make informed, wise, decisions.
You may have heard that entering into a dental partnership is like entering into a marriage.
In California, practicing as a professional California dental corporation may bestow you with many benefits over practicing as a sole proprietor or dental partnership.
10 Dental Office Lease Negotiation Points: Term: Generally speaking, you will want to negotiate a dental office lease term between 5-15 years (including options to renew).
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