When Hiring Transition Advisors
When you hire any professional, such as an Accountant or Attorney, you are hiring them to help you navigate a field that could be fraught with serious problems if not done correctly. Getting the right team players involved can make the experience less stressful, but how can you recognize good advisors from a bad one?
In our final episode with Larry Chatterley, Larry rattles off some tips to help you make wiser choices when it comes to advisors and some things to watch out for (hint: did you know dual representation can be unethical?)
Mr. Chatterley has specialized in transitioning dental practices and serving the business and transition needs of dentists throughout the western U.S. for over 26 years since he founded CTC Associates in 1988. He has facilitated the successful transition of over 2,000 practices, and has authored several publications on practice transitions.
Questions we address in this episode:
- Should I employ a professional to assist me in the sale?
- Who should I call – my lawyer, my accountant, my financial planner, my supply salesman, or a broker? What kind of professional guidance will I need?
- If I do hire a professional to guide me, how much will it cost me to sell the practice?
- What should I tell my spouse to do if I should die before the practice is sold?
If you’re a practice owner in Colorado, Idaho, New Mexico, Utah, or Wyoming, contact CTC Associates at ctc-associates.com for practice transition tools and guidance.
Learn about dental practice transition specialists in your area by messaging office@longinthetooth.info
Long in the Tooth provides non-clinical gems of wisdom for older dental practice owners. Learn more about this podcast at longinthetooth.info