dental practice transition

Not ready to sell?

Transitioning your practice is another option to consider in developing your exit strategy. You can:

  • Transfer full ownership now and work for the new owner;
  • Create a partnership; or
  • Hire an associate with buy-in intentions.

There are several pros and cons to each option and it’s important to determine which is best for your circumstances.

In a transition scenario, numerous questions will need to be answered. Some examples are:

  • Can your practice sustain two incomes?
  • Is there room for additional growth?
  • How long do you want to continue to work? At what level?
  • What level of control do you need or want to maintain in the practice?

Once we have answers to those and a few other questions, we would analyze the timing, financial feasibility and the functional aspects of the project to develop a plan to help achieve your goal.