If you have already identified a potential buyer for your practice, McLerran & Associates will help you navigate the transition process from start to finish for a reduced commission. Our role in the transition process typically involves completing a comprehensive practice valuation and practice profile, assisting with the negotiation of the practice purchase price, drafting the Letter of Intent, Asset Purchase Agreement, and Transition Letter, serving as a “buffer” between the buyer and seller to preserve goodwill, assisting the buyer with securing financing, helping both parties build a team of experienced advisors (accountant, attorney, insurance agents, etc.), managing the communication between all of the advisors involved in the transaction, and providing an organized and efficient closing process.
Going into partnership with another dentist will be a professionally and financially rewarding venture if structured properly OR an absolute nightmare if done haphazardly. McLerran & Associates will help you decide if a partnership is the right transition strategy and ownership structure for you and your practice. If so, we will help you identify the right time to bring a partner into your practice and help you develop a partnership structure that has a foundation for long term success. If you haven’t already identified your potential partner, we will help you find a doctor who is the right fit for your office and help walk you through the transition/partnership process from start to finish.