Why You Need a Practice Valuation – Even If You’re Not Selling

March 2, 2017

You may ask why is it important to know the value of your dental practice if you are not planning on selling it anytime soon. Typically, dentists have a practice valuation performed when they anticipate a practice transition in the near future. Often, a broker includes a practice valuation as part of the package for a practice listing.

 

We provide dentists with a comprehensive practice valuation for many reasons other than when a dentist is selling their practice, hiring an associate or adding a partner.  The main reasons for a practice valuation aside from change of ownership or hiring an associate include planning for future needs, such as:

  • Estate planning

  • Financial planning

  • Property and casualty protection

  • For consideration when borrowing capital

  • Personal protection planning

  • Retirement planning

  • Value protection for your practice

 

In the event of an unexpected death or disability, time is of the essence when it comes to listing your practice for sale and protecting its value.  Planning in advance can greatly speed up the process of evaluating your practice and listing it for sale in such cases.  Legacy's Practice Valuation Protection Program can help you be prepared.

 

Legacy will update your practice valuation annually.  By keeping your practice valuation up-to-date annually and having the necessary estate planning documentation in place to authorize and direct your representatives to retain Legacy to assist in the sale of your practice in the event of your unexpected death or disability, Legacy will then be able to move quickly in listing and marketing the sale of your practice, thereby helping you (or your estate) to preserve and protect its value. 

 

In Pennsylvania and NJ, please contact Catherine Etters for more information on Legacy's Practice Value Protection Program at 610-520-9677 or Catherine@LegacyPracticeTransitions.com.

Share on Facebook
Share on Twitter
Please reload

Featured Posts

University of Pennsylvania School of Dental Medicine

April 2, 2019

1/4
Please reload

Recent Posts

October 3, 2019

September 8, 2018

Please reload

Archive
Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

© 2017 by Etters Group
The Etters Group is a dental practice management consulting company.   Catherine Etters, Dental Consultant and Transition Analyst provides transition services to dentists in PA, NJ, NY, DE, MD, VA, New England and surrounding areas.  Transition services provided through Legacy Practice Transitions include selling or buying dental offices, dental practice mergers, valuations, partnerships, contract services, hiring associates and retirement planning for dentists. Transition services and programs exceed that of a typical dental broker.

PO Box 22 Villanova, PA 19085