Often, both Dr. Seller and Dr. Buyer attend this seminar together. Because they learn what to expect throughout the transition process and how the transaction needs to be structured so it is fair to both parties.

COURSE OUTLINE:
The seminar will cover the pros and cons of the various issues from each side's point of view. This is a no-nonsense, intensive course which will include such topics as:

• When is the right time to retire?
• Finding a buyer or seller with or without a broker
• How practices are valued and how transactions are structured to maximize tax benefits
• Associate to partner – compensation, non-competes and the buy-in discussion
• The common blunders doctors make when selling or taking on a partner or associate
• Key partnership concepts: allocation of earnings and profits, voting, and a partner's exit
• DSO vs. traditional sales – when the DSO could make sense
• Post-sale considerations and preparing for retirement

Upon completing this course, the attendee will be able to:

• Take the appropriate steps to prepare to sell or buy their practice.
• Exercise common practice valuation methods.
• Know how to apply for financing and have an understanding of financing strategies.
• Apply basic contract negotiation strategies.
• Communicate effectively with their consultant or attorney to ascertain their preferred legal and tax structure for their practice transition.
• Better understand the tax implications and benefits that are associated with buying (into) or selling a practice.
• Understand what happens to a corporation at retirement.

Grand Bohemian Hotel Mountain Brook

This boutique AAA Four Diamond hotel is minutes from downtown Birmingham. Local attractions include the Birmingham Zoo, and Birmingham Botanical Gardens. 

$325 (plus taxes) per night and includes:

• Shuttle service to and from the Barber Motorsports Park
• Luxury car service to and from the Birmingham Airport 
• Complimentary car transportation within a three-mile radius of the hotel, based on availability.
• Exclusive 20% discount on Poseidon Spa services, Habitat Cooking School and Wine-Blending Experience

Porsche Track Experience: Barber Motorsports Park

The track at Barber Motorsports Park is one of the premier racing circuits in the world. This 2.38 mile, 16 turn course features a wide variety of challenging turns and elevation changes. In addition to hosting major events such as the Indy Car Series and the MotoAmerica Superbike Series, it is also home of the official US driving school of Porsche.

The Barber Motorsports Park features not only one of the most popular racetracks on the IndyCar circuit, but also a five-story museum awarded by the Guinness Book of World Records. The Barber Vintage Motorsports Museum features the largest collection of motorcycles and Lotus race cars in the world. The museum’s architecture itself is unique and beautiful for guests visiting from all of over the world. All Porsche Track Experience participants have an opportunity to visit the Barber Museum free of charge at the conclusion of their scheduled course.

Driving Program Details

The program begins with a briefing discussing vehicle dynamics and the driving line. After the brief classroom session, participants begin a series of rotations through the Skid Pad, Braking, Autocross and sessions on the track. The first day is capped off with a dinner with the driving instructors at The Grand Bohemian Hotel in Mountain Brook

Day 2 is dedicated to more track sessions, more skid pad time, the Trail Braking exercise, and the autocross competition. The program wraps up with thrilling hot lap rides with the instructors.

Cost per driver: $3,615*

*MUST PAY BY CHECK addressed to Collier & Associates
(50% deposit due by January 5, 2024 - balance due by August 5, 2024)

This fee includes Breakfast / Lunch / Dinner on Drive Day 1 and Breakfast / Lunch on Drive Day 2. It also includes the $300 Damage Limitation required for each driver, and complimentary admission to the Barber Vintage Motorsports Museum at the conclusion of driving on Day 2.

Driving Dates:
Nov. 21-22, 2024

The program begins with a briefing discussing vehicle dynamics and the driving line. After the brief classroom session, participants begin a series of rotations through the Skid Pad, Braking, Autocross and sessions on the track. The first day is capped off with a dinner with the driving instructors at The Grand Bohemian Hotel in Mountain Brook

Day 2 is dedicated to more track sessions, more skid pad time, the Trail Braking exercise, and the autocross competition. The program wraps up with thrilling hot lap rides with the instructors.

Seminar Date:
Nov. 23, 2024

Please arrive at the meeting room between 8:15 a.m. and 8:30 a.m. on Saturday, Nov. 23, to sign in and receive course materials. The lecture will be held from 8:30 a.m. to 12:30 p.m., break for lunch and resume from 1:30 p.m. to 5:30 p.m. with question-and-answer periods before and after the meeting. Outlines will be used as a guide to the course.

It would be useful to have a list of specific questions ready, but we will cover the most commonly asked ones in detail during the seminar as well. All course material will be provided while checking in on the first day. For complete candidness, tape recorders will not be allowed at the program.

REGISTRATION FOR PRACTICE MANAGEMENT WILL OPEN AFTER JANUARY 6, 2024.

Early Bird pricing is valid only till 60 days prior to the event. To receive Early Bird pricing, use promotion code earlybird50 at checkout.

• Regular pricing is valid if registering within 60 days of the event.
• At the Door pricing is applicable if registering on the day of the event.
• Attendance at the programs is limited to doctors and their spouses, and key office staff members, except by special permission.

SEMINAR ATTENDEE BONUSES

• Returning doctors who bring a new attendee will each get 10% off the seminar registration fee if registering together.
• Bigger Bonus for doctors who have attended 3 seminars in the last 5 years and bring a new dentist or veterinarian colleague, your registration is a gift from us—up to a $1500 value!