Health Care attorney, Daniel Schulte, answers questions related to the sale of a dental practice. The Q&A can be found in the Journal of The Michigan Dental Association (April 2020)
Question: I am a probate attorney assisting the widow of a deceased dentist in the sale of his dental practice. What are the specific legal considerations I should keep in mind when selling a dental practice? My client is not a dentist and I assume she cannot hire a dentist and continue the practice. Can she keep it in operation by engaging a dentist while trying to sell?
Answer:
Like the seller of any business, the seller of a dental practice is generally concerned about receiving the entire purchase price when due, and limiting the obligations that survive the closing. Going into these considerations in detail would be beyond the scope of this column. However, I can give some general advice regarding dental practice sales, both in the case of a deceased dentist as well as a dentist who is merely selling the practice.
Read the complete answer in the Journal of the Michigan Dental Association on page 22.
About the author:
Daniel Schulte has more than 25 years of experience helping clients solve tough problems and capitalize on opportunities that require a blend of business and legal expertise. His practice focuses on addressing the legal, business, licensing, and regulatory challenges of health care professionals, organizations, and facilities. Dan understands how legal issues impact business objectives and, as a result, offers his clients practical, results-oriented advice. He is a Certified Public Accountant, former managing partner and current executive committee member of the firm. Dan also serves as co-chair of the firm’s Health Care Practice Group.
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