Preparing for an Easy Practice Transition
Thomas M. Cooper, JD, CLU, ChFC & Gordon J. Christensen, DDS, MSD, PhD
One of the most unknown areas facing mature dentists is how to best transition out of practice into either reduced practice or full retirement. In this video, Thomas Cooper, a transition expert, and Gordon share many combined years of experience helping dentists with their transition decisions! Undoubtedly, you have various concerns as you make this change in your life. How do you best transfer your trusting patients to another practitioner? How do you select this person? Should you just retire one day and turn the practice over to another person, or should you phase out slowly? What about the financial considerations as you change your life, and many other questions? If transitioning your practice is on your mind, this video is a great start!
Table of Contents
- What Is the Rationale for a Transition?
- Practice Values
- Market Value
- Generational Value
- Creative Tax Planning Ideas