How to Sell a Dental Practice & Realize $7,000 in Tax Savings
Dr. Chris Conlon was considering selling his dental practice so he attended SVA’s “Buying and Selling a Dental Practice” seminar to learn more. Dr. Conlon was impressed by SVA’s extensive knowledge base on how to sell a dental practice, so he reached out to them for assistance. The SVA team reviewed Dr. Conlon’s financial information and helped him determine the appropriate practice value.
SVA also recommended cost-effective methods to market the sale of his practice and Dr. Conlon was quickly contacted by a potential buyer. SVA then helped negotiate the practice price allocation and various tax implications of the deal, which resulted in savings of over $7000 in taxes.
“In addition to the tax savings, SVA’s expertise and assistance allowed me to communicate effectively with potential buyers. I was able to avoid the need for a practice broker and more importantly, kept more of my proceeds by avoiding the significant commission they would have charged,” said Dr. Conlon.
“I was extremely pleased with SVA. Their clients range from sole practitioners to very large groups of dentists, but I always felt like I was a high priority and received great personal service,” said Dr. Conlon. “They communicated well, were personable and their advice during each phase of the transition was invaluable!”