offered by LEGACY PRACTICE TRANSITIONS, Inc include the following:
PRACTICE TRANSITIONS complete services to assist in the purchase
or sale of a health care practice. Programs exist to provide fair and equitable
transactions. Following a determination
of needs process for the prospective client, we confidentially and
professionally locate appropriate practice opportunities to meet the needs of
both purchaser and seller. In addition
to locating the complimentary party to our buyer or seller clients, we assist in the arrangements for financing,
provide detailed, fair, and equitable agreements for our clients use, as well
as their attorneys and accountants, and offer basic practice management systems
to ensure a smooth transition.
PRACTICE MERGERS information and services related to the merger
of two or more health care related practices.
This process can increase profits in a practice by between 25-60
percent. The concept promotes the investment by a dentist in that which we have
the most knowledge dentistry! Why
risk your economic future and security by investments in the unknowns of the
PRACTICE APPRAISALS a thorough market value analysis determination
based on an economic profile of the practice including the following factors:
location, facility, equipment and assets, practice maturity, experience of
staff, total receipts, net profitability, management systems, composition of
patients (fee for service, PPO, HMO, etc.), potential growth patterns, referred
procedures, and other similar factors.
Equally important to the total value of the practice will be allocations
of the value for purposes of tax considerations.
EARNED EQUITY ACQUISITION PROGRAMS a unique program designed to
allow an existing practice to reach its full income potential by maximizing the
use of the existing facility. This arrangement provides an excellent
opportunity for young practitioners to minimize their risks of entry into an
equity position in the practice while maximizing their economic return. In essence, a young doctor achieves equity in
a practice rather than serving merely as a hired gun associate.
PARTNERSHIPS, ASSOCIATESHIPS, and OFFICE SHARING ARRANGEMENTS our
history of successful practice transitions allows us to recommend the most
comprehensive and fair business arrangements between two or more parties. Using creativity and ingenuity, we are able
to create truly unique and beneficial benefits for all involved. The use of Deferred Compensation for existing
shareholders and Pre-Tax Dollars for the Purchaser creates economic benefits
and security for all involved.
CAREER TRANSITION PROGRAMS an opportunity for dentists to explore
the possibility to transition to a new career or profession. When planned properly, such a transition can
be accomplished with minimal stress and financial interruption as the dentist
decreases or entirely eliminates the clinical practice of dentistry.
RELOCATION SERVICES a process to allow uninterrupted income flow
during the transition of one geographic location to another geographic
location. Through our national network
and affiliation with the National Association of Practice Brokers (see:
www.NAPB1.com), we are able to work closely with fellow practice transition
consultants literally anywhere in the United States. In addition, it is
sometimes possible to defer federal income taxes though the use of a 1031
Exchange when certain IRS guidelines are followed.
TAX AND FINANCIAL ANALYSIS limited evaluation of your federal
income tax structures, profit and loss statements, and pertinent financial
data. With proper planning, significant
dollar amounts can be saved through creative structuring of your business
entities. Professional corporations, equipment LLCs, and real estate LLCs are
among the issues evaluated.
RETIREMENT FUNDING and PLANNING a well thought out process can
allow you the economic and emotional security for which you have worked so long
and so hard for. This program creates an
opportunity for you to reduce the clinical and administrative responsibilities
of your practice, maintain similar levels of professional income, and use the
equivalent of pre-tax dollars to fund your retirement program.
BUSINESS RELATIONS with combined experience of over 60 years in
the field of practice transitions, our consultants have created important
relationships with other professionals in the field. Any practice transition is likely to necessitate
the use of skilled attorneys, accountants, financial lenders, financial
planners, management personnel, etc. We
have established close working ties with trusted experts in all of these areas
as well as professionals in marketing, dental equipment and supplies, real