Where
TD Bank University, Passion Conference Room4140 Church Road
Mt. Laurel, NJ 08054
Driving Directions
Contact
Sara McGeeHenry Schein Professional Practice Transitions
631-843-5729
sara.mcgee@henryschein.com
All You Need to Know About Practice Transitions
Practice Transition Planning is not just for those doctors who are ready to retire. It is a career long event! Times are changing in our profession and understanding those trends will be a key to your success, whether you are planning a short term or long term transition.
This fast paced seminar will cover a broad range of topics, ranging from “when is your practice ready for an associate” to “when should I sell my practice.” During this program you will learn how to create a strategic transition plan. Common Practice Valuation techniques will be presented that can help you estimate the value of your own dental practice. Effective retirement planning and tax planning are key components to a successful practice transition and several approaches will be explored.
Course Objectives:
- The importance of developing an Emergency Exit Strategy
- Key elements that should be included in an associate agreement
- Practice Valuations and what factors have the most impact on value
- How to increase your value through practice enhancements
- Is a Buy In-/Buy Out a good transition option?
- Understand common methods for sharing partnership income
- Why is sound financial planning a key in successful transition planning
- Understanding various tax implications when selling a practice or selling a partnership interest
Food and refreshments will be served!
Dr. Joseph McManus,
DMD, MS, MHA, MBA, MS, FACD
Dr. McManus has practiced pediatric dentistry for over 25 years and is now a consultant for Henry Schein Professional Practice Transitions. In addition, he serves as an Associate Clinical Professor of Dental Medicine at Columbia University College of Dental Medicine and as the Director of Practice Management. Dr. McManus has lectured at many dental schools and national dental meetings on practice transitions.
Mark D. Hasenauer,
Vice President High Net Worth
Planner Private Client Group
Mark is the High Net Worth Planner for the southern region of TD Wealth. He is primarily responsible for consulting on business succession strategies as well as developing and implementing custom estate planning solutions for high-net-worth individuals and multi-generational families. Mark has worked with business owners and high-net-worth families for 25 years.
Kenneth I. Metsky,
CPA, Partner, New Jersey Office
Ken is a skilled tax and business consulting specialist who works with clients to examine the business and tax side of their business. Ken has spent the past 30 years solving the tax planning and strategic problems dental practices and other medical professionals and their facilities, including representing their interests before the IRS and the state.