June 14, 2021 News BlogsDental OfficeFinancesNew dentistsPractice ManagementPractice Operations

Considerations for Buying and Selling a Dental Practice During the Pandemic

by Ken Arding, BDO Canada

It goes without saying that the COVID-19 pandemic has been an unexpected and unprecedented period in Canada and beyond. And while you might think that would hinder dental professionals from buying or selling a practice, think again. Over the last…

February 26, 2021 Feature Office ManagementOral Health OfficePractice managementPractice Operations

What’s Good for The Buyer Can Be Good for The Seller

by Sean Robertson, DDS, The Dental Broker Team; Lisa Philp, Transitions Group

As a profession, we are currently in a fortunate position. Our practices provide us the ability to live a comfortable life, maximize our value when it’s time to sell, and leave a professional legacy in the communities in which we…

December 21, 2020 Feature Oral Health OfficePractice management

Dental Practice $ales: Get the Most When You $ell

by Michael Carabash, BA, LLB, JD, MBA, CDPM

For the last few years, it’s been a seller’s market when it comes to dental practice sales, due to too many buyers, not enough sellers, low interest rates, 100% bank financing and dental service organizations scooping up practices. These conditions…

November 23, 2020 News BlogsPractice managementPractice Operations

Tax Deferral Options on Sale of a Practice

by Bal Katlai, PhD, CPA, CGA; Waji Khan, B.Sc., DDS, MBA, M.Ed., FICOI, FPFA, FICD, FACD

An important consideration during the sale of a practice is the amount of taxes arising from realizing a capital gain – the underlying asset primarily being the patient list, i.e., goodwill. While the seller can avail of the lifetime capital…