A lot of time is spent talking about the “why” of ownership, and although this is critical to keep in the forefront of your mind, looking for answers around the “how” is the next logical step.
Written contracts protect both sides from misunderstandings and can put your relationship on equal ground. Whether you are joining a practice as an associate, intending to pursue a sale/purchase, or you are hiring someone, a contract helps you start your relationship on the right foot.
Until recently, I was certain that someday I wanted to own a private practice. The idea of doing what you love on your own terms and managing your own time is desirable to many, regardless of career choice. I currently work as a dental assistant at UHS Binghamton General Hospital. …
Summer 2016 was a turning point in my dental career. I finished my fifth year in the Army and had one more year to serve on active duty to fulfill my commitment for dental school and my residency program. During dental school, I thought it would be simple to serve my time and leave the military, but as the day of decision approached, it was far from easy.
After over a decade of working as a general dentist in England, my wife and I decided to move to her hometown, Los Angeles. This decision brought one huge implication: My dental degree and license were not accepted by the state of California. So I set out to enter a program for international dentists, which meant spending at least two years in dental school again.
When you enter the dental profession, you have many career options, including joining an existing practice or establishing a new practice. Establishing a new practice is a significant step in the career of any dentist. Doing so allows you to avoid many of the complications inherent in other options but requires attention to various details.
Is it your big dream to own a practice? Do you imagine what it would be like to run your own business? Maybe being an employee is just not for you. Here are some common misconceptions that students have about money when it comes to starting or buying a practice.