If you’re thinking about retiring and selling your dental practice in the next few years, don’t miss this informative seminar hosted by Montgomery Charles on 1 February 2017 at 19:00 in St Leonard’s Hotel in Ringwood. The evening’s presentations will look at top strategies to boost your retirement income whilst making the final decade of your career really count. Goodman Grant’s Ray Goodman is a key speaker and will be talking about selling your dental practice as part of your retirement plan. Ray is one of the UK’s leading voices on dentolegal matters and an authority on the legal processes of selling a dental practice.
If you’re unable to make this event, but still have questions about selling your practice, get in touch with the Goodman Grant team. If you have spent years building up a successful practice, selling can be a big decision, but ultimately it should feel quite liberating to think about planning the next stage of your life. Goodman Grant Solicitors have more than twenty-five years’ experience in dealing with dental practice sales, which will provide you with comfort that every legal detail has been correctly dealt with.
Get Trustworthy Advice
The process of selling a dental practice needs to be handled correctly, to ensure the sale proceeds smoothly with minimal stress for both the seller and buyer. This is why it is vital to use solicitors who have the necessary experience in dental practice sales. As a dentist, you will be only too aware of the unique nature of the regulations governing the dental industry and it is essential to use a dental solicitor who will be familiar with all the terminology and who knows everything that is required when selling a dental practice. Our experienced solicitors at Goodman Grant can guide you through this complex process which includes compiling the due diligence document.
The due diligence process is vital for a successful and smooth dental practice sale. It dictates the terms of the sale and allows the buyer to fully assess the business from a financial and legal perspective. Compiling a thorough and complete due diligence bundle will help reduce any delays in the transaction. When you put your dental practice up for sale, we recommend you begin to collect all the necessary documentation and information that is likely to be requested by the buyer because it pays to get ahead as gathering everything together can take quite some time. Your buyer’s solicitor will assume you know everything about your business while at the same time the buyer will know nothing. Ensuring they have everything required will help to speed up the process and is likely to reduce the number of questions that will need to be answered before the dental practice purchase agreement can be drawn up.
Our specialist solicitors at Goodman Grant can guide you through each step of the process and we will ensure every detail is covered to protect your interests and to help the sale proceed more smoothly. Outlined below, are just a few of the ways we can assist you.
- We deal with the transfer of GDS/PDS contracts (NHS practices), and also the transfer of CQC registration.
- We will also take care of property matters and employment contracts. Once both sides are happy, we can draw up the dental practice purchase agreement, while ensuring neither party is exposed to the risk of operating an illegal practice.
Our specialised knowledge will ensure selling a dental practice isn’t any more stressful than it needs to be. This is a niche area of the law and choosing a dental solicitor with the necessary experience will help to ensure that any legal enquiries or complexities that may arise will be dealt with promptly.
To find out more about how to plan your retirement and selling your dental practice, book today to attend this event. Speakers include Mike Marigold: CEO, Montgomery Charles, Ray Goodman: Joint Managing Director; Goodman Grant Solicitors and Scott Gidman: Business Development Executive; MediEstates.
About Ray Goodman
An extensive, lifetime career in providing legal advice to dentists means that Ray has seen how the industry has changed – and how some things, such as making sure dentists have the best team of advisors possible, will never alter. With a strong commitment to supporting the commercial and professional objectives of running a dental practice, Ray’s knowledge is often shared as a speaker at BDA conferences or contributing to the dental press on topical legal issues. His professional knowledge and experience is reflected in the recognition he has received from the industry – he is a member of the Association of Specialist Providers to Dentists (ASPD) and a past Chairman of the National Association of Specialist Dental Accountants and Lawyers (NASDAL).