Southeast Transitions is now US Dental Transitions
Seller’s Checklist

How to Sell a Dental Practice?

A Dental Practice Seller’s Checklist

Use this checklist to help you start the process of selling a dental practice. Then give us a call and we can help you get the ball rolling.

Seller’s Checklist

Remove any items not included in sale and replace, if necessary

Check regulatory compliance status lease

Review and accept offer from Buyer

Review all Sales Contract documents

Letter of transfer (introduction to patients) with Buyer’s approval

Contact Lessor regarding lease-assignment or new lease in Buyer’s name

Set up meeting between employees and buyer

Employee issues including: 1) Prepare statement of benefits due to employees. 2) Avoid giving raises; allow Buyer to give raises. 3) Wind up retirement plan contributions (if applicable) to allow buyer to come with a clean slate. 4) Pay employees for any unused vacation/sick leave.

Determine how Accounts Receivable will be collected

Pay off any credit balances to patients

Transfer any contracts relating to the practice to Buyer

Transfer Seller’s unemployment rate to Buyer if beneficial to Buyer (see CPA) if, after closing date, Seller will not be paying payroll taxes in the State of California

Prepare a notice to suppliers of transfer

Transfer utilities into Buyer’s name

Transfer telephone listing (including any Yellow Page ad) to buyer’s name

Obtain a copy of certificate of insurance for malpractice or tail policy, if applicable

Cancel any insurance that will not be needed after the sale

Notify State Board [Georgia: 404-636-7553]

Learn what steps you should take to prepare for selling a dental practice!
Check out our dental practice sellers’ checklist!

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