Monthly Archives: October 2013

What Happens to Your Practice If You Become Incapacitated or Die?

Creating a Succession planFor most dentists and other small business owners, the thought of suddenly becoming incapacitated, or even dying, is at the top of the list of their biggest nightmares. Dentists, if the thought of something happening to you worries you, your concern is certainly understandable. The question, of course, is “what happens to my practice if something happens to me?” The answer to that question depends, to a large extent, on whether or not you prepared for the possibility of your incapacity or death.

In reality, the question “what happens to my practice if something happens to me?” contains a number of smaller questions, including: Continue reading

Most Common Mistakes That Lead to Lawsuits for Dental Practice Owners

For a dental practice owner, a lawsuit can have a devastating impact, both on company moral and on company finances. The longer you stay in business, the higher the probability that your company will be sued at some point in time. There is no surefire way to prevent every lawsuit; however, there are some common mistakes that dental practice owners make that increase the likelihood of a lawsuit. Avoiding these common mistakes will decrease your likelihood of becoming the defendant in a lawsuit. Continue reading