You’ve asked around and you know how much it would cost to build your practice from scratch. 

When purchasers put forward offers to buy a practice, they will sometimes make a request like the following with their offer: 

Understanding the tax implications of a practice sale is essential in determining the net proceeds you’ll take home. We frequently receive inquiries about the taxes payable on the purchase and sale of a business. 

One of the most common questions that we get from people when they hear what we do is: 

There are many misconceptions about the role that a deposit plays in a practice purchase transaction. 

In May 2000, a relatively unknown chef called Anthony Bourdain decided that he was going to change careers and not run kitchens in New York City anymore. As a final goodbye to his previous career, he wrote a book revealing some things that he felt restaurant patrons should know. The book was called “Kitchen Confidential”; it would become a worldwide best seller and launch his second career as a famous food and travel journalist.

Occasionally, a practice owner that is leasing is given the opportunity to buy their premises at a reasonable/fair price…

“Stockholm Syndrome” is a term that is used to explain a psychological phenomenon where hostages can sometimes develop positive feelings and a bond with their captors. Strangely enough, it is possible for the phenomenon to extend its grip into aspects of our lives, like business ownership. 

What would happen if a terrible misfortune (health or financial) happened to you or a loved one? A misfortune that resulted in you needing to sell your practice in a hurry…

When you are selling your practice, signing the sale contracts is certainly a milestone to be celebrated. It means that you’ve agreed with a buyer on all the variables involved in the price and terms of the deal.