Transitions Can Be Legally Complicated - But We Can Make Them Easy!
In order to ensure the success of the transition plan for both the dentist who’s transitioning out of the practice and the one who’s transitioning in, specialized Real estate, Accounting, Legal and Financial (“RALF”) professionals must collaborate with you and other dental industry experts.
For a dentist who’s trying to arrange all of this themselves, it can be daunting to find all the professionals they need to complete the transition, and to know whether they’re using the optimal transition path or if they’re missing something.
The Un-DSO makes the transition process easy.
The Un-DSO is based on a collaborative transaction management model that Liberty Group adapted from the National Association of Realtors and the Multiple Listing Service of Long Island in New York.
A Multiple Listing Agreement (“MLA”) provides the legal foundation for a managed collaboration or joint venture in which the listing agent, listing broker, selling agent, and selling broker work together to connect buyers with sellers and facilitate the sale of residential real estate.
Liberty has developed and implemented the Multiple Referral Agreement (“MRA”) to provide the legal foundation for a collaboration or joint venture managed by Liberty, in which a group of Real estate, Accounting, Legal and Financial (“RALF”) professionals work together with the client to get the best possible result for the client.
All Members of the Un-DSO are committed to achieving a smooth and profitable transition and financial freedom for both dentists.
The Un-DSO turns the employer and employee into joint venture partners who build financial freedom together.
When the associate dentist is an employee, their interests may be out of alignment with their employer’s interests.
The associate wants to get paid a salary, regardless of whether or not the employer makes a profit.
But when the associate becomes a partner, things change.
Now, the associate-turned-partner is motivated to help the senior partner to maximize the profitability of the practice, and to optimize the return on their investment in the Un-DSO when the older dentist exits the practice in two to ten years.
We connect dentists who are looking to evaluate their practice transition options with younger dentists who want to own a practice, and we help both parties to navigate the legal, financial and logistical processes of transitioning ownership while creating a path to financial freedom for both dentists.
The Un-DSO helps you minimize the cost of conflict and maximize profits.
The Un-DSO is committed to early and cost-effective resolution of any conflict that may arise among the partners, between employees and employers, and between patients and the practice.
We have even arranged with a select dental malpractice insurance carrier to give premium discounts for dentists who agree to resolve disputes with their patients out of court.
And, most importantly, we provide a clear transition path and a contingency plan for resolving any conflict that might arise among the partners, so they can maximize the profitability of the practice during the transition process.
We use an innovative system for transaction management, as well as mediation, arbitration, and other forms of alternative dispute resolution, to create an even playing field for both the exiting partner and the associate who is on the path to becoming a partner, so they can collaborate, resolve conflict, achieve their goals together, and create financial freedom for both of them.
Are you ready to become a partner with a path to financial freedom?
Even if you recently graduated from dental school, you should start to develop a vision of what your life will look like in two to ten years, because that’s when you’ll be in a position to start helping your employer to transition out of the practice while you transition into ownership.
Here are some questions you should ask yourself:
What legal and financial services will you need to ensure that your transition paths are in alignment?
Do you know how to own and manage a business?
If not, how are you planning to manage the non-clinical business functions of the practice while you are busy practicing dentistry?
How do you plan to finance the cost of buying into the practice?
Do you plan to own the real estate that receives rent from the practice?
There are a lot of questions you will need to answer, but you won’t need to find the answers alone.
If you would like help finding employment with a group of partners who are open to considering you as a potential partner over the next one to three years, please click the button below to access our calendar and schedule a free consultation.
A member of our team will have a call with you to discuss what you're looking for in terms of geographic location, salary, surroundings (DSO, private practice, office building, etc.), and how long you’ll want to remain an associate before you start your transition path to becoming a partner.
If you know any senior dentists with whom you might want to work, and who would welcome your help in transitioning out on their own unique timetable while you work together to achieve financial freedom for both of you, please have that information ready for us to discuss on our call.
And if you don’t know any senior dentists, we’ll be happy to help you find one who could be your future transition partner.
We hope to hear from you soon.
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