Handover of orthodontic practice with Dr. Martin Baxmann - the proven method for your retirement
A carefully planned practice handover is a worthy conclusion to your professional career as an orthodontist. We support you in carefully preparing and successfully implementing this important step. Dr. Martin Baxmann has extensive experience in supporting orthodontic practice handovers and has developed a well-thought-out procedure that makes the process transparent for everyone involved.
The transfer process begins with a thorough inventory of your practice. Together, we analyze the patient structure, evaluate your treatment equipment and examine the economic efficiency of the practice. This detailed inventory clarifies the actual value of your practice and forms the basis for all further steps in the practice transfer.
Next, we develop a customized transfer concept based on your personal goals. Do you want to sell the practice completely or continue working as an employee for a while? Are you looking for a successor who will continue your treatment philosophy or are you open to new approaches? Dr. Baxmann will guide you through the entire decision-making process and ensure that your retirement is exactly as you want it.
Increasing the value of your practice before selling an orthodontic practice
Ideally, you should start to systematically increase the value of your practice several years before the planned sale. We can help you to identify the right levers and take targeted measures to sustainably increase the value of your practice. A stable and diverse patient structure that guarantees continuous income and is attractive to potential successors is particularly important.
The technical equipment also plays an important role in the orthodontic practice transfer. Modern devices and digital systems not only increase the material value, but also make your practice particularly interesting for younger colleagues. We advise you on sensible investments that are still worthwhile in the short term before the transfer. In doing so, we pay attention to a balanced relationship between investment costs and actual value increase.
Your practice team is an enormous asset that is often underestimated when it comes to selling an orthodontic practice. Well-trained, loyal employees who know the practice procedures and personally care for patients are invaluable. We support you in preparing your team for the upcoming sale and motivating them for the transition. This way, you not only secure the value of your practice, but also maintain your patients' trust during the transition phase.
Tax optimization when handing over your practice. Planning orthodontics properly
When you sell your practice, numerous tax issues arise that can have a significant impact on the financial success of your practice sale. We work closely with tax experts to find the most advantageous solution for you. We consider various practice sale models and their tax implications, from a one-time payment to installment payments or profit sharing.
Particular attention is paid to the tax-free allowance for business disposals. Under certain conditions, you can claim a substantial tax-free allowance. Together with tax experts, we will check whether the conditions are met in your case and how you can optimally organize the transfer. Both your age and the question of whether you are giving up the practice completely or continuing it to some extent play a decisive role here.
Choosing the right time to hand over your orthodontic practice also has tax implications. We will advise you on the financial year in which the handover makes the most sense from a tax perspective. In doing so, we take into account your personal income situation, possible progression effects and the current legal situation. This way, you ensure that after decades of work, you actually receive the largest possible portion of the sales proceeds.
Drafting legally watertight contracts for a smooth practice handover
The contractual design forms the foundation of a successful practice handover. We support you in taking all relevant aspects into account in the handover contract and in excluding possible sources of conflict from the outset. This includes clear regulations on the handover date, the payment terms and how to deal with ongoing treatment cases.
Precise agreements on the practice inventory and patient files are particularly important. We help you to create detailed inventory lists and to regulate the handling of patient data in accordance with data protection regulations. The transfer of existing contracts, for example with landlords, lessors or suppliers, must also be carefully planned. Together, we will examine which contracts can be transferred and which will need to be renegotiated.
After the orthodontic practice handover, the question of possible competition restrictions arises. Do you want to continue working part-time or are you planning to return to work after a break? If so, the appropriate agreements must be made. We make sure that such regulations are legally tenable and protect your interests without unnecessarily restricting the successor. This ensures a fair transition for everyone involved.
Your personal roadmap to a customized orthodontic practice handover
Every orthodontic practice handover is different and requires a customized roadmap. We work with you to develop a detailed schedule that covers all the necessary steps while remaining flexible enough to react to unforeseen developments. This structured approach gives you peace of mind and ensures that important aspects are not overlooked.
It always starts with defining your personal goals. What do you expect from the practice handover? What are your financial expectations? What responsibilities do you still want to take on? Based on your answers, we create an individual roadmap that is tailored to your needs. We take both professional and private aspects into account to ensure a smooth transition into the next phase of your life.
The search for a successor is a central component of the roadmap. We support you in finding and approaching the right candidate. To do this, we use our extensive network in the orthodontic community. After selecting a potential successor, we support you through the introductory phase and the negotiation process. Our experience shows that transparent communication and clear agreements form the basis for a successful transfer of an orthodontic practice.
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