Buying a dental practice: the legal and commercial issues. Part 1

There is much mystique surrounding the acquisition by a young practitioner of his or her first dental practice, arising largely from his fear of the unknown. In fact, provided that he or she obtains sound legal and commercial advice, he or she can purchase a dental practice almost exclusively out of borrowed capital. Whilst repaying capital (and interest) over a 10-year period, it is possible to earn more from day one than as a relatively experienced associate on the usual commission arrangement.