The Overlooked Basics
The Overlooked Basics
A summary of what every dental practice owner should know and implement in the day to day operations of their practice.
dentalattorney

Is Your Practice Prepared for 2018?

Is Your Practice Prepared for 2018?

1/23/2018 10:25:24 AM   |   Comments: 0   |   Views: 82
As we move in to 2018, now is the critical time to start planning for the year. Some of the most overlooked basics for a successful practice owner are estate planning and risk management.

Statistically, a practice will lose 25% to 35% per month if the owner of the practice passes away. Without proper planning, that could be devastating.
 
For an owner of a practice, the laws are constantly changing. If you fail to have your human resources (i.e. employee protocols) and compliance matter (HIPAA, OSHA, and Department of Labor) properly in place, you could suffer a devastating financial loss.
 
Below is a list of 7 basic considerations that every practice owner should review.
 
1. Prepare a new comprehensive employee manual (including a social media policy, cell phone and Internet policy), which also includes new overtime regulations.
 
2. Prepare a new employee package [documents for applications, credit screens, etc...], including employee evaluation and interim employee evaluations. 
 
3. Non-disclosure and non-solicitation agreement signed by every employee [and a non-compete signed by key employee, associates and independent contractors]
 
4. Website and social media disclaimers/privacy terms.
 
5. Intellectual Property (IP) protection (protect your name, logos, slogans) (trademark/service marks filed with the U.S. Patent and Trademark Office].
 
6. Assignment of website design as to your practice Intellectual Property [from your web designer to you].
 
7. Estate Planning (Wills, trusts, etc...) for each member.


OBERMAN LAW FIRM 

Stuart J. Oberman, Esq handles a wide range of legal issues for the dental profession including cyber security breaches, employment law, practice sales, OSHA, and HIPAA compliance, real estate transactions, lease agreements, noncompete agreements, dental board complaints, and professional corporations.
 
For questions or comments 
regarding this article 
               please call (770) 554-1400 
           or visit www.obermanlaw.com
 
 Email Emily Calvert at emily@obermanlaw.com to hear Stuart J. Oberman, Esq speak at your meeting or event.
More Like This

Total Blog Activity

754
Total Bloggers
8,128
Total Blog Posts
2,829
Total Podcasts
1,260
Total Videos

Sponsors

Townie Perks

Townie® Poll

What do you use to take routine X-rays?


  

Site Help

Sally Gross, Member Services
Phone: +1-480-445-9710
Email: sally@farranmedia.com

Follow Dentaltown

Mobile App

WITH DENTALTOWN . . . NO DENTIST WILL EVER HAVE TO PRACTICE SOLO AGAIN®

WWW.DENTALTOWN.COM - WHERE THE DENTAL COMMUNITY LIVES®

9633 S. 48th Street Suite 200 • Phoenix, AZ 85044 · Phone: +1-480-598-0001 · Fax: +1-480-598-3450
©1999-2019 Dentaltown, L.L.C., a division of Farran Media, L.L.C. · All Rights Reserved