Practice Transitions

Your practice is as unique as you are, and the same goes for your practice transition. Let our dedicated and experienced attorneys handle the complexities, so you can focus on what matters most to you. We combine creativity, compassion, and expertise to develop the ideal transaction structure tailored to your unique circumstances and personal and professional goals. With decades of specialized experience in dental, veterinary, and medical practice transitions, we anticipate and address potential issues before they become problems. Our expertise ensures a streamlined process, resulting in lower costs for you.

Buyers

We understand that acquiring a new practice is likely one of the most significant investments of your life. You probably have many questions or may not even know where to start. We are here to guide you through the process, explaining each step and taking proactive measures to help you avoid common pitfalls and seize valuable opportunities.

Instead of narrowly focusing on the transaction, we take the time to get to know you and understand your long-term personal and professional goals to ensure the best possible outcome. Our commitment to you doesn't end once the purchase documents are signed—we will support you through every stage of your career. Let us help you build a strong foundation for creating an enduring legacy.

Sellers

You have worked incredibly hard to build a legacy you can be proud of; now it's time to pass the torch to the next generation of young doctors. This can be an emotional and stressful time, but it can also be fun and exciting! We are here to guide you through the process.

From appraising your practice to drafting and negotiating the sale documents, through closing and beyond, we have the expertise to help you achieve your goals. Whether you're considering an outright sale, a buy-out from your partnership, a sale to a family member, or any other practice transition, our legal team will draft and negotiate the sale contracts on your behalf. Our agreements are straightforward, fair, and resilient under scrutiny. We take a proactive approach to contract drafting, anticipating potential outcomes to ensure your interests are protected now and in the future.

We represent buyers and sellers, partners and associates
in every stage of a transition.

Our compassionate and responsive legal team takes a collaborative approach to support buyers and sellers in all aspects of their practice transition.

If you have business or legal needs that fall outside our area of expertise, we will put you in contact with one of the experts in our expansive network built over 50 years in the industry

Here is a non-exclusive list of ways we can assist you:

  • Practice Appraisals
  • Consultation on the practice transition structure that best fits your goals and circumstances, including achieving the best (legal) tax outcome for all parties involved
  • Drafting and negotiating transition documents
  • Preparing and negotiating Employment/Independent Contractor Agreements
  • Entity formation
  • Tax consulting
  • Reviewing and negotiating leases
  • Corporate consulting
Judge gavel with Justice lawyers having team meeting at law firm in background. Notary with client in office

Practice Valuations / Practice Appraisals

While the most common reason for a practice valuation is to plan for a sale, there are many reasons to seek valuation services. Often, the valuation is performed prior to bringing in a new associate who has the potential to become a partner. A practice appraisal is also typically required in sale transactions but may also be necessary for the context of a group practice dissolution, divorce or estate, and gift tax planning.

The goal is to provide both owners and third parties with a fair value of the practice. It is also usually a requirement for a purchasing doctor to secure bank financing.

We have appraised thousands of practices nationwide, and our techniques have become recognized as industry standards.

Our Practice Transitions Process

  1. After initial discussions to determine your needs, we send you our appraisal questionnaire.

  2. You return the completed questionnaire along with any requested financial information, tax returns, etc.

  3. We then prepare the appraisal, getting additional input from you and your accountant along the way

  4. Send you the completed appraisal. This usually takes about four weeks from the time we receive the requested documentation.

This appraisal is a powerful tool. Not only will it set forth your practice value and explain why the purchase is affordable to the buyer, it will also contain a roadmap for structuring the transition, including allocation of the purchase price, the method of financing, and the expected tax consequences for each party.

ARE YOU READY TO TAKE THE NEXT STEP? WE’RE READY TO ASSIST.

Whether you are a doctor seeking to buy a new practice or sell your practice, we’ll provide you with top-notch advisory services and guidance through every step of the process.

Dental Brokerage Services

If you are considering buying or selling a dental practice, Collier & Associates offers practice brokerage services through our partnering firm, Collier Dental Connections, LLC. You may contact us today, and we will gladly get the process started and ensure that we find the right fit for you.

Search Practice Listings and Opportunities

We connect Buyers and Sellers through our Collier Connections website. For over a half-century, C&A has helped thousands of doctors in their Practice Transition transactions. Collier Connections is a "FREE to join resource" that our team developed to aid practitioners like you in your search for a new partnership, associateship, or to buy or sell your practice. The right opportunity for your future could be closer than you think. Upon registration, you may post and search our database 24 hours a day, 7 days a week.

Talk to Collier & Associates Today

(216) 765-1199

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