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Why Is Entity Selection Important?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.Today we will begin dealing with some of the questions and concerns surrounding business entity selection for your...  Read More
Some Thoughts about Employing Your Children in Your Dental Practice
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.Each year, right around October or November, dentists are inundated with year-end tax-planning tips. One that...  Read More
Thoughts About Employing a Spouse in the Practice
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.There are a number of good reasons to employ your spouse in your practice. However, before you start generating...  Read More
How Do I Know When It’s Time to Replace My Associate Dentist?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.Associates can be a great addition to a practice and beneficial to your career. They can provide the office with greater production...  Read More
Should I Consider Hiring an Associate Dentist?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.We come across this topic about once a week. For instance, a client may loosely mention that he or she is thinking...  Read More
Major Mistakes to Avoid When Selling a Practice
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management. Previously, my colleague, Mike McAninch, outlined : going it alone, seeking a win/lose, and agreeing to the wrong sale price. Not...  Read More
Purchasing a Practice: What Is a Fair Price?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.My colleagues and I will spend the first few months of this new year focusing on various aspects of dental practice...  Read More
Do I Have to Pay Income Taxes or Estate Taxes on My Inheritance?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.In 1789, Benjamin Franklin wrote, “Our new Constitution is now established and has an appearance that promises...  Read More
What Is a Living Trust and How Does it Work?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.Most estate plans include a will that identifies who should receive your assets upon your death. Under most state...  Read More
Establish an Estate Plan Aligned with Your Objectives: What Is Probate and Why Should I Avoid It?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.Throughout the year, my colleagues and I have touched on various strategies for estate planning. With the passage of last year’s tax...  Read More
Coffee Talk: Year-End 2018 Tax-Planning Considerations
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.“The days are long but the years are short.” Becoming a new mother this year, this statement has never rang truer...  Read More
Common Pitfalls of Business Startups
 Mistakes can happen to the best of us, but when dealing with a business, even a seemingly small mistake can be costly! We’ve identified five common pitfalls made by entrepreneur dentists – know them and avoid them:    Read More
71: The Secrets Every Dentist Should Know With Doug Fettig.
In this episode I interview the wonderful keynote speaker Doug Fettig. Now Doug was the keynote speaker in the event I went to in San Diego called The Business Side of Dentistry, amazing speaker, outstanding knowledge bombs were dropped by this guy! In this episode we dive into so many topics…. all...  Read More
Establish an Estate Plan Aligned with Your Objectives: What Is a Living Will?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.One key element of a comprehensive financial plan is a proper estate plan. While this can feel like a morbid topic, it is the unfortunate...  Read More
What Is a Springing Power of Attorney and Why Do I Need One?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.Planning for death or disability isn’t something most clients eagerly check off their to-do list. My husband and I...  Read More
Establish an Estate Plan Aligned with Your Objectives: What Are a Good Estate Plan’s Essential Elements?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.First, a word of caution. A competent attorney should prepare all estate-planning documents. This is not a...  Read More
Manage Risk Through Proper Insurance Coverage: Why Do Dentists Need Overhead Expense Disability Insurance?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.In 2014, a highly skilled endodontist and practice owner was walking in a mall. Slightly distracted as she was entering a store, she...  Read More
Manage Risk Through Proper Insurance Coverage: How Does Personal Disability Insurance Work?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.Dr. Smith was out running errands one Saturday morning. As he was getting ready to enter a store, he didn’t...  Read More
Manage Risk Through Proper Insurance Coverage: Is Life Insurance a ‘Good Investment’?
Mike McAninch is a Practice Integration Advisor with , where he specializes in helping dentists connect their money and their values to realize their most important financial goals.From time to time, a dental client will share with me a life insurance illustration from an agent touting the policy’s...  Read More
6 Factors when Valuating a Dental Practice
The process of valuating a dental practice before selling is not only necessary for the  is best. Here is what you can expect to provide during that process.UpgradesShould you ? Yes, if selling within five years; no, if selling within a shorter amount of time. Upgrades can be as small as getting...  Read More
Manage Risk Through Proper Insurance Coverage: How Much Life Insurance Do I Need?
Tom Bodin, a Practice Integration Advisor with , works with dentists to help them achieve financial freedom through a comprehensive approach to wealth management.On August 13, 2011, a Derecho storm swept across the Midwest. A Derecho is a storm with wind gusts of at least 58 mph and damage covering...  Read More
1071 Turn Dental Equipment into Cash with W. Mason Fuller, CEO Atlas Resell Management : Dentistry Uncensored with Howard Farran
Mason Fuller is currently growing a company called Atlas Resell Management. Their company provides a marketplace for used dental equipment. They help doctors and office managers recover cash from unused dental equipment. Their service is comprehensive by appraising, packaging, storing, negotiating,...  Read More
Categories: Finance, business
1068 Financial Blunders of First-Year Dentists with Travis Slade of Rooted Wealth : Dentistry Uncensored with Howard Farran
Travis Slade was born and raised in Las Vegas, Nevada. His parents were significantly impacted by the housing crash of 2008 and lost every dime to their name. Seeing poor business decisions mixed with some bad luck inspired Travis to study accounting and bring sound business principles to small...  Read More
Categories: Finance
I Am Selling My Practice and I Understand I Can Contribute Sales Proceeds to My Pension Plan. How Does That Work?
Katie Collins, a Practice Integration Advisor with , helps dentists order their financial lives and reach financial peace of mind so they can better focus on what truly brings them joy.A practice transition has both an emotional side and a financial side. Every dentist has a different emotional...  Read More
1050 Biggest Financial Mistakes with Brandon Collier : Dentistry Uncensored with Howard Farran
Brandon Collier is a practicing attorney and President of Collier & Associates, Inc., a nearly fifty year old firm which specialize in representing dentists nationwide in practice transitions and providing objective unbiased advice regarding the business aspects of their practices, taxes,...  Read More
Categories: Finance
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