Buying and selling a practice

Buying or selling a dental practice is a complex process with many aspects to consider. If buying a practice, you need to consider whether you want to buy an existing practice or buy into a partnership or set up something new. You need to think about where you want to practise and the type of practice you want.  Existing staff and their employment arrangements that will taken on by the new practice owner, self-employed contractors and registration with the relevant quality standards body are also important considerations. Not least, are the financial aspects – both in buying the practice and selling it, including implications for capital gain tax.


 

BDA advice
Business aspects

 

 

 

 

 

 

 

 

 

 

Staff issues

 

 

 

Regulatory issues

 

 

 

Finances
 

Business continuity planning

Business names and brands

Business planning and managing change

Buying and selling a practice

Companies and limited liability partnerships

Dentists' legal rights as commercial purchasers

Leases and licences
New practice start-up

Partnerships

Planning permission

 

Employing staff      
Employment contracts, practice staff and TUPE 
Hygienists and therapists

 

CQC

HIW

RQIA

 

Fee collection

Fee setting

Financial management
Private dental plans and in-practice capitation schemes
Tax

BDJ InPractice​Business performance – May 14
Business skills needs – Sep 13
Cashflow forecast – Feb 15
Fee setting – Sep 14
Goodwill – Oct 14
Lease – renewal – Jul 13
Leases – key obligations – Dec 14
Practice purchase – planning ahead – Jul 15
Practice sales – due diligence – May 15
Practice set-up in NHS premises – Jun 13
Practice set-up nightmares – Jan 13
Rent negotiations – May 14
Expert Solutions templatesAssociate contract - England and Wales
Associate contract - Northern Ireland
Associate contract - private practice
Associate contract - Scotland
Associate-practice owner code of practice
Business continuity and disaster recovery policy
Cashflow forecast template
Partnership agreement

See Expert Solutions for more templates

BDA Events​​Training essentials courses for the dental team, including:
Leading a dental team
Running a safe and compliant practice

iLearn webcasts – a selection of sessions filmed at the British Dental Conference and Exhibition
One-to-one advice​Extra and Expert members have access to unlimited one-to-one advice via phone or email from our experienced dental advisers.
 
Call the Business Team on 0207 535 5864