How We Help You
We help dentists like you get the best deal possible (save time and money, protect your rights, promote your interests, and avoid legal headaches). If you’d like to know more about us, CLICK HERE. In a nutshell, we are a team of three (3) dental lawyers who focus on helping dentists like you in the following areas:
Are you looking to purchase or sell a dental practice? First and foremost, you need to check out our website www.DentalPlace.ca (where dentists can list their practices for sale). There, you can read the 10 reasons why dentists sell with us and the 10 reasons why dentists buy with us. When representing sellers, we DO NOT charge commissions; we provide fixed-fee quotes in advance based on the specific elements of your deal. And this results in HUGE cost-savings when compared to the traditional approach of paying a real estate salesperson commissions AND a lawyer fees. We also have lots of information under the “Buying / Selling” Category, as well as in our eBook. These are very complex transactions which we do every day, every week, for dentists. Don’t try to write your own legal paperwork (LOI, agreements of purchase and sale, lease negotiations, staff contracts, associate agreements, closing documents, etc.), or do you own due diligence. Your starting point is to contact us to have us represent you in purchasing or selling a dental practice. We know the players and the process. We draft the documents in your favour and negotiate hard to get you the best deal possible, while protecting your rights. Contact Michael, David, or Ljubica for a quote now. FYI, you can now create your own Letter of Intent using our Letter of Intent Wizard on our sister-website, www.DentistLegalForms.com. By using our online questionnaire, you can create a comprehensive, professional and affordable Letter of Intent. Don’t use anyone else’s letter of intent. They are not drafted by lawyers, are often incomplete and deficient. Get it done right… the first time.
Need to create a dentistry professional corporation to save taxes and avoid liability? With a professional corporation, you can defer taxes (by keeping money in the corporation), income split with certain family members, and save big money when you sell the shares (lifetime capital gains exemption). Professional corporations can also borrow money and repay loans faster than you can (in a personal capacity). Professional corporations can also save you money through Dual Wills and $10,000 tax-free death benefits found in employment contracts. Finally, for certain trade / commercial liabilities, corporations can shield your personal assets. Not everyone knows the intricacies of incorporating a dentistry professional corporation and obtaining a Certificate of Authorization from the Royal College of Dental Surgeons of Ontario. If you screw it up, you’ll need to pay MORE to fix it. So get it done right… the first time. We have lots of information under the category “Incorporating” and in our eBook.
If you’re buying / selling a practice, you’ll likely need to deal with mitigating the staff liability that comes from that type of transaction. Long term employees (especially front desk staff) could mean long-term liabilities for you as the purchaser / seller. If you’re not in the midst of transitioning, but you have staff and associates, you’ll want to make sure they are on contracts that favour you (e.g. with respect to termination, non-compete, non-solicit, etc.). There are ways in which you can present these contracts to your existing staff without getting sued. We have lots of information in the “Staff” and the “Associates” category, and in our eBook.
Have you checked your commercial lease recently? Does it contain things like a demolition clause, relocation clause, early termination clause, etc.? Does it say that the Landlord owns your leasehold improvements? You need to be mindful of these things and more! If you’re starting up a new practice or buying an existing one, you need to negotiate with the landlord when it comes to things like rent, term, renewal terms, use, exclusivity, etc. There’s lot of information in this blog which you can read under the category “Leases“, and in our eBook.
You need a Will. If you have a dentistry professional corporation (or any corporation for that matter), you need Dual Wills. Without a Will, you risk having the government laws decide how your property is divided, someone who you wouldn’t want representing your estate, and someone who you wouldn’t want being responsible for your minor children. With a Will, you can express your wishes concerning all of these things. Having Dual Wills also helps you avoid probate administration taxes. Get peace of mind! Get your Will(s) and Power of Attorney for Property / Finances and Power of Attorney for Personal Care completed now. Do it before you travel, go in for surgery, or when there’s a major change in your life (e.g. birth, death, divorce, inheritance, new job, new property, etc.). You can read up more about Wills and Powers of Attorney in this blog under the Category “Wills | POAs” and in our eBook. Contact Michael, David, or Ljubica for a quote now. FYI, you can now go to our sister website, www.DentistLegalForms.com and create your own Will, Dual Wills, and Power of Attorney for Property / Finances and Power of Attorney for Personal Care / Living Will using our online automated wizards – all from the comfort of your home or office and at a more affordable price!