Lease financing of capital acquisitions.
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The dentist's office lease is one of the most critical legal agreements the dentist will sign in his or her professional career. Understanding the numerous economic and non-economic points of a lease is integral to the success of one's practice. This article discusses 10 key points that will ensure a fair and equitable lease agreement.
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Panoramic Corporation began as a business leasing panographic radiographic equipment to dentists in the Fort Wayne, Indiana, area and has become the largest manufacturer of such equipment in the world. While ensuring a quality product, Panoramic has built its success on making this high-end technology available to dentists with minimal risk and a high level of maintenance. Direct marketing and lease programs have been keys to making panographic capabilities available to many dentists.
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The decision to buy a dental practice is the most important one in a young dentists professional career and should be made only after a careful examination and review of the seller's practice. Usually the buyer is 35 years or younger, married with children, dental school loans of anywhere from $50,000 to $300,000, and little or no net worth. The practice this dentist purchases will have an impact on the kind of professional he or she is, and will also have a lasting effect on the dentist's quality of life and that of his or her entire family. Areas requiring examination are examined here, along with the need for a due diligence review prior to purchase.
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