The American Dental Association (ADA) has released two new resources to assist dentists with some of the toughest transitions of their careers. The ADA Practical Guides to Valuing a Practice helps dentists understand a practice's true value, not just its monetary worth, while The ADA Practical Guide to Associateships demonstrates the risks and rewards of adding or becoming an associate — from both points of view.
The ADA Practical Guide to Valuing a Practice: A Manual for Dentists
Dental practice buyers and sellers get a balanced view of practice valuation in this revised publication. Refuting many common valuation myths, this book raises awareness of possible legal and tax issues that may arise during this process. Also provides guidance on selling or buying an entire practice, a portion of a practice and planning a future buy-in or buy-out.
Key features include:
• Definitions of key terms
• How to select a person to perform the valuation
• How to choose the valuation method that is right for you
• Examples of sales documents and contract provisions
RELATED: ADA Offers Book to Help Dentists Communicate with Patients, Staff
The ADA Practical Guide to Associateships: Success Strategies for Dentist-owners and Prospective Associates
This guide provides dentists with information to help them build a successful partnership. Strategies are offered for tackling both logistical issues — such as the type of associate arrangement, compensation, contract terms, and buy-ins — and intangible issues, including interpersonal considerations and compatibility, developing a practice philosophy, and conducting a goals assessment.
Key features include:
· Sample contract provisions
· Advice for determining compatibility and developing a bond of trust
· Options for financial arrangements
· Tips on how to prepare for the process
Print books are available for $49.95 member price and $74.95 retail price and can be ordered at www.adacatalog.org or by calling 1-800-947-4746. Books are also available as a kit for a discounted price and as e-Books and print/e-Book bundles.
For more information about the ADA, visit www.ada.org. For more information on oral health, including prevention, care and treatment of dental disease, visit the ADA’s consumer website, www.MouthHealthy.org.