Which Dental Corporate Structure - S, C or LLC?

Posted by Perrin DesPortes on Dec 7, 2017 8:09:26 PM

We have had the honor of speaking at many conferences this year and have fielded too many questions to count.  Having said that, one particular question seems to come up with great frequency among those who own group practices:

“What’s the difference if I’m an S, C or LLC as it relates to the tax impact of selling my business?”

Well, we’ve also closed several deals recently (and have several others in the works) where the corporate election will have a major tax impact on the outcome of the deal.  There are structural considerations of the transaction that can offset some – not all – of the tax impact, but make no mistake – corporate entity election swings major dollars at the closing table. 

 

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, DSO vs group practice

Would You Ever Try to Sell Your DSO on Shark Tank?!

Posted by Perrin DesPortes on Nov 7, 2017 7:37:49 PM

Doubtfully, but the Dentist Entrepreneur Organization led by Dr. Marc Cooper and CEO Jacob Puhl recently created a similar experience – and let me assure you, it was an EXPERIENCE – for four of their lucky members.

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Tags: Company News, Dental Practice Brokerage, Growing Your Dental Practice or DSO, how much is my dental practice worth?

DSO Fundamentals & Industry Trends (Video)

Posted by Perrin DesPortes on Oct 18, 2017 8:55:53 PM

Are DSOs really going to take over the practice of dentistry? 

No, but there are a number of legitimate reasons why they've become so incredibly popular over the last several years.  We've been asked to speak to numerous groups of people over the last year and all of them - regardless of whether they were dentists, industry consultants, sales professionals or clinical professionals - have had the same questions:

  • How did all of this start?
  • What are the reasons behind it?
  • Why is everyone so interested in forming a group or DSO?
  • And, most importantly, do I want to get involved in it? 
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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

Launch of TUSK Partners

Posted by Perrin DesPortes on Sep 6, 2017 2:50:07 PM

“The day before something is a breakthrough, it's a crazy idea.” ~Peter Diamandis 

Today we're excited to announce the official launch of the TUSK Partners website.  

TUSK Partners provides Buy-Side and Sell-Side Advisory Services, Strategic Consulting and Capital Raising Alternatives to Middle Market Dental Groups and DSOs.  We are passionate about working with transformative businesses and the management teams who drive their growth.  We build long-term relationships focused on maximizing shareholder value.   

You can download more details about our service offering here.

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

Wisdom & Wandering from the Herd: Human Capital - Marketing

Posted by Perrin DesPortes on Aug 29, 2017 8:11:19 PM

“Leaders of companies that go from good to great start not with “where” but with “who.” They start by getting the right people on the bus, the wrong people off the bus, and the right people in the right seats.” ~Jim Collins, Good to Great

We’re going to take a slight break from our normal discussions of ROI, growth rates, scale and finances to delve deeper into the most important capital in your business – human capital.  All of your Key Performance Indicators (KPIs) don’t add up to much if your team can’t execute the plan, so we’re going to talk about five critical roles in the typical DSO and how the responsibilities of each need to scale right along with the person who is accountable for it. 

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

Wisdom & Wandering from the Herd: To DSO or Not to DSO?

Posted by Perrin DesPortes on Aug 9, 2017 11:51:10 AM

“I have a memory like an elephant.  In fact, elephants consult me.” ~Noel Coward

We have had the honor of speaking at many conferences this year and have fielded too many questions to count.  Having said that, one particular question seems to come up with great frequency among those who own one to three or four offices: “What’s the real difference in a group practice versus a DSO, and when does it make sense to form an actual DSO?”

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?, DSO vs group practice

Wisdom & Wandering from the Herd: You're Not Time-Broke

Posted by Perrin DesPortes on Jul 31, 2017 4:22:32 PM

“I have a memory like an elephant.  In fact, elephants consult me.” ~Noel Coward

I recently wrote a blog post about creating time in your schedule to work ON your business instead of always working IN your business.  Let’s face it: we’re all time-broke – and nobody sees that changing any time soon.  Strategic planning is critically important for any business, but there’s one aspect of working on your business that often goes neglected: working on YOU.

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

On the Roam: Dykema DSO conference

Posted by Kevin Cumbus on Jul 19, 2017 1:24:07 PM

From Fraud and Failure to Double-Digit Exit Multiples, Dykema Reminds Us All How Far the DSO Economy Has Come in Recent Decades.

Those who braved the summer heat of New Orleans to attend Dykema’s 4th Annual Definitive Conference for DSOs earlier this month left well informed about our ever-changing DSO economy. 

Brian A. Colao (Director of Dykema’s DSO Industry Group, and his industry leading team hosted over 400 attendees to a 2-day information-packed survey of the DSO market.  This conference had a markedly different feel than most that we have attended this year – it had both a reflective perspective from Colao reminding the audience how the DSO economy has evolved in recent decades as well as the feel of a Survey Class of the current market with profiles of 2 of the largest names in the space: Craig Abramowitz (co-CEO of Dental Care Alliance) and Dr. Sulman Ahmed (Founder and CEO of Deca Dental). 

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Tags: Growing Your Dental Practice or DSO

On the Roam: The Mastery Summit – Peering into the Crystal Ball

Posted by Kevin Cumbus on Jun 29, 2017 2:40:13 PM

 

Disruption and innovation was the underlying theme of this year’s 2017 Mastery Summit on Group Practice in Phoenix, AZ.

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, Mastery Summit

Wondering & Wisdom from the Herd: Sharpening Your Saw

Posted by Perrin DesPortes on Jun 15, 2017 2:32:44 PM

The Planning Process for Early Stage Development of your Group Dental Practice or DSO

"Give me six hours to chop down a tree and I will spend the first four sharpening the axe." - Abraham Lincoln

Various versions of this quote have been attributed to our 16th President and most of the variations are based on the amount of time, but the overriding point is one that gets down to the aspect of working “on” our group dental practice (DSO) versus working “in” our group dental practice (DSO). Many of us talk about this, but how many of us actually have scheduled time set aside every week, month, quarter and year devoted to planning, developing and executing our strategy? 

Strategic planning is the discipline of sharpening your saw and it doesn’t “just happen” when you’re done with patients.  It also doesn’t “just happen” when you’re alone and usually tired.  Planning is a process, and the process starts with blocking time.  Can you commit to blocking 2 hours of every week and 4 hours one day per month?  If so, that would gain you 10 hours in a typical month (for a 4-week month: 2 hours per week * 3 weeks + 4 hours on the 4th week). 

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Tags: Growing Your Dental Practice or DSO, Selling your dental practice DSO, how much is my dental practice worth?

TUSK Partners

We help you START, GROW and SELL your Group Dental Practice or DSO.

TUSK provides Industry-Leading Resources to Group Dental Practices and DSOs, such as:

  • Full Day Deep Dive
  • "2nd Stage" Financing
  • Modular & Strategic Consulting Services
  • Exit Strategy

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