The choice for any Dentist to commence their own Practice is one of the biggest decisions they will make in their career. While the clinical setup of the Practice is extremely important there is usually a lack of clarity on key matters in setting up or buying into a Practice.
This all day seminar will introduce Dentists to the critical considerations for the journey into establishing and running their own profitable business into the future and will consider all aspects in this pivotal decision making process, including Financial, Risk, HR, Marketing and Legal.
Topics include
Shane Morgan / Stuart Chan – Cutcher & Neale
- Accounting and Tax Fundamentals
- Starting in Practice – key things you need to know about being in practice, including structures, tax, super, joining or buying into a practice (each of these topics have their own more detailed seminars)
- Structuring for Dental Practice – Company, Trust, Partnership, Sole Trader, which is right for me?
- Tax Issues for issue for Dental Practices – key tax matters you need to know
- Superannuation issues for Dental Practices – key superannuation matters you need to know
- Dentist arrangements – Contractor and Service Entity arrangements, getting it right
- Joining or buying into a practice – what are you getting and how do you value it?
- Agreements in Dental Practice – how to get your Dentist Arrangements correct and the critical agreements you need including Shareholder, Unitholder, Associateship and Service Agreements
- Practice Ownership – ownership options for Solo Practice to Large Practices and what you need to know to avoid ownership disharmony
- Financing and Insurance essentials for Dentists
Simon Palmer – Practice Sales Search
- Considerations when buying a practice
- Selecting, analysis and valuing a practice
- Employing the right team and learning how to retain them
Carolyn Dean – My Dental Marketing
- Setting up your marketing plan
- Marketing Channels
- Social Media Marketing
- Branding
- Increasing loyalty and retention
- Attracting new customers
Georgina Odell – Meridian Laywers
- Purchase contract issues/tips
- Service Agreements
- Employees vs Contractor arrangements
- Legal issues around leases etc
- Case study
