You have been saying for the past several years, 3 to 5 more years and then you are going to retire. One option is you could sell your practice to another dentist and help him or her with the transition period but do you know what your practice is worth or how long the transition…
Published by Matt Scherer on November 29, 2022 The landscape of dental practice ownership has changed over the past 30 years with corporate dentistry being more involved and the sheer demographics of the dental school graduates contemplating staying in their state or pursuing a residency or a specialty. Even the cost of a dental education today compared to a few years ago has…
Published by Matt Scherer on September 23, 2022 When purchasing an existing dental practice you will probably feel overwhelmed no matter how many times you have been through the process. There are a lot of moving parts and information that needs to come together at the right time in order for the acquisition to be successful. Understanding the process and the time it…
Published by Matt Scherer on September 22, 2022 The purchase of a dental practice will likely be the largest investment you make in your lifetime. As a buyer, there are some key tax implications you should consider before signing an agreement and taking ownership of your new business. Types of Dental Practice Purchases There are two types of purchases when acquiring a practice…
Published by Matt Scherer on September 16, 2022 A dental practice is most likely a dental owner’s most valuable asset, and the sale of this asset comes with some complex tax consequences. When planning for retirement, you must consider the tax impact of a sale in order to truly understand what you’ll have in your pocket at the closing of a sale. As…
Published by Matt Scherer on June 24, 2022 Work with a Qualified Dental Transition Professional to Realize Your Practice’s Full Value You’ve spent your entire professional career establishing, nurturing and growing an amazing dental practice; but now it’s time to move on and enjoy the fruits of your labor. But before you slap a “For Sale” sign on the curb and walk away,…
Published by Matt Scherer on April 27, 2022 
As dental transition experts, we are often asked what are the steps for a dental practice transition. In this video, Matt and Doug walk you through the process from appraisal to marketing your dental practice to the process of closing the deal. Transcript Matt Scherer: Hi, my name’s Matt Scherer. I’m with PMA Practice Transitions…
Published by Matt Scherer on March 14, 2022 If you dream of establishing your own dental practice, your best bet is to start by compiling a team of professional advisors. Not only should your advisory team be experts in their respective fields, but they should also understand the unique challenges dentistry professionals face every day and the complexities that are associated with dental…
Published by Matt Scherer on March 10, 2022 We are commonly asked what the upfront costs are for selling a dental practice. Listen to this video as Matt and Doug explain what the costs are — their response might surprise you. Transcript: Doug Sellan: Hi, I’m Doug Sellan. And today with me is Matt Scherer. We’re with PMA Practice Transitions. We specialize in…
Published by Matt Scherer on January 31, 2022 What you can do now to have a smoother tax filing As we head into another tax season, you’re probably gathering information to give to your dental CPA. Do you have a list that you always use to help remember what to send? Or do you submit a QuickBooks file and let your CPA deal…
Published by Matt Scherer on January 28, 2022