The ADA is offering two new guides to help dentists valuate their practice and decide whether to add or become an associate.
The "ADA Practical Guides to Valuing a Practice" helps dentists understand a practice's true value, not just its monetary worth, and the "Practical Guide to Associateships" demonstrates the risks and rewards of adding or becoming an associate -- from both points of view, according to the ADA.
The first guide helps buyers and sellers get a balanced view of practice valuation, selling or buying an entire practice or a portion of a practice, and planning a future buy-in or buyout. It also refutes many common valuation myths, and raises awareness of legal and tax issues that may arise.
Features include the following:
- Definitions of key terms
- How to select a person to do the valuation
- How to choose the valuation method that is right for you
- Examples of sales documents and contract provisions
The guide to associateships 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.
Features include the followin:
- Sample contract provisions
- Advice for determining compatibility and developing trust
- Financial arrangements
- How to prepare for the process
Print books are available for $49.95 for members and $74.95 retail and can be ordered at www.adacatalog.org or by calling 800-947-4746. Books are also available as a kit for a discounted price and as e-books and print/e-book bundles.
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