If you are buying or selling a dental practice, you will need to ask and answer the following questions. A Raleigh estate planning attorney at NC Planning can help. What financing is available? Bank of America and Wells Fargo are the primary institutions that offer financing, but regional and local banks can offer competitive financing that you should consider. Even in a time of economic uncertainty, successful transactions are routinely made, and that trend should continue. What is a dental practice worth? The value of a dental practice depends on two factors: net income and risk. A proper evaluation means reviewing the tax returns and other financial records for the preceding three years. An evaluation cannot be based on insufficient data. What if a landlord does not want to cooperate? It is always helpful for a seller to have a good working relationship with the landlord, but even that does not always mean that a transition will proceed smoothly. A landlord may demand payment for the remainder of a lease or may even demand a percentage of the sale price. How long can a seller remain at the location after a sale? The North Carolina business and estate planning attorneys at NC Planning have substantial experience handling dental practice transitions. NC Planning – Raleigh Offices 4801 Glenwood Avenue, Suite 200-10 Raleigh, North Carolina 27612 (919) 568-3681